Wealth Enhancement Group, a Plymouth, Minnesota-based firm managing $57.3 billion, announced Thursday that it has acquired Bohmer Kilcoyne Wealth Management, a hybrid registered investment adviser based in Cincinnati that manages $677 million.
Founded in 2001, Bohmer Kilcoyne Wealth Management was founded in 2001. Its team of three advisers and five support staff is led by Mike Bohmer and John Kilcoyne.
"We are eager to partner with Wealth Enhancement Group to expand the offerings we can provide to our client base," Bohmer said in a statement. "Joining forces will allow us to offload administrative work and spend more time with our clients, which is our number one priority."
Echelon Partners advised Bohmer Kilcoyne on the transaction.
Wealth Enhancement Group has more than $57.3 billion in assets and 75 offices nationwide. Earlier this month, it acquired Massachusetts-based Pinnacle Private Wealth, a hybrid overseeing more than $663 million in assets, and Milwaukee-based Sadoff Investment Management, a registered investment advisory firm managing $1.6 billion in assets.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
