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Friday, December 2, 2022

Wealth Enhancement Group Acquires $237M Ginsburg Monetary Advisors

Wealth Enhancement Group mentioned it has closed on a deal to purchase Ginsburg Monetary Advisors, an Oakland, Calif.-based registered funding advisor with greater than $237 million in shopper belongings. The announcement comes simply two weeks after WEG acquired BTR Capital Administration, a $1 billion RIA additionally based mostly in Oakland.

Ginsburg is the thirteenth acquisition WEG has introduced this yr and the fourth in Northern California—a key marketplace for the quickly rising RIA “integrator.”

Based in 1981 and led by President Larry Ginsburg, the incoming agency makes a speciality of serving high-net-worth people, enterprise house owners, retirees and people who’ve misplaced a associate.

Related cultures and good references drew Ginsburg to WEG, he mentioned. “Trusted skilled colleagues” from 4 practices which have efficiently built-in with the agency during the last two years—Carroll Monetary Associates in North Carolina and Titus Wealth Administration, Walnut Creek Wealth Administration and Napa Valley Wealth Administration in California—“inspired” him to see the worth within the added scale and centralized help.

“We’re thrilled that Ginsburg Monetary Advisors selected to affix forces with Wealth Enhancement Group,” mentioned WEG Chief Investments & Enterprise Improvement Officer Jim Cahn. “Our centralized service mannequin will assist the workforce proceed to offer its shoppers with the perfect service attainable, and our wealth administration and monetary planning choices will help their continued progress.”

Based in 1997, Minnesota-based WEG gives monetary planning and funding administration recommendation via its RIA, Wealth Enhancement Advisory Providers, whereas a number of the agency’s funding advisor representatives are additionally registered representatives of and provide securities via LPL Monetary.

Together with Ginsburg and different fourth quarter acquisitions, WEG now oversees round $55.4 billion in shopper, advisory, belief and brokerage belongings, serving greater than 45,500 households via greater than 75 places of work across the nation.

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