Tag: Concepts

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Wealth Enhancement acquires Financial Management Concepts

Wealth Enhancement acquires Financial Management Concepts

Prosperity Enhancement Group has obtained Financial Administration Ideas, led by founder and president Brian Fricke.

The offer, whose economic conditions ended up not disclosed, is slated to close at the stop of this month.

Started in 1991, Florida-primarily based Money Management Concepts specialises in retirement setting up, earnings distribution techniques and low lifetime tax techniques.

The company also helps its consumers in monetary complexities connected to the care of ageing mom and dad.

The deal adds $188m of consumer belongings to Wealth Enhancement, bringing its total customer assets to more than $55.6bn.

Fricke said: “Wealth Enhancement Team understands our distinctive method and will allow us the versatility to keep on our philosophy.

“I’m psyched to associate with a organization that has the society, resources and help we will need to achieve our growth goals and carry on defining our own success.”

Following the transaction, Fricke will assume the position of senior vice president and financial advisor.

Wealth Improvement CEO Jeff Dekko mentioned: “Brian has crafted an amazing enterprise more than 31 many years in supporting non-public customers shut to retirement, or already retired, acquire economical designs that handle their prime panic — jogging out of income.

“In addition to managing a strong observe, Brian is the creator of two books and currently serves on the Board of Trustees of the LCMS Basis and the New Smyrna Beach front Hearth Pension BoardWe’re very pleased to increase Financial Administration Concepts to our ever-increasing roster of higher-top quality RIAs and glance forward to several years of collaboration.”

The offer carries on Prosperity Enhancement’s acquisition streak. Earlier this month, the firm scooped up Northern California-based mostly RIAs Napa Valley Prosperity Administration and TrueNote Investment Advisors.

Past year, it took around a number of RIA firms, like Vivid Money Management and Walnut Creek Wealth Administration. 

Commenting on the most current deal, Prosperity Enhancement Group chief investments and enterprise advancement officer Jim Cahn claimed: “The actuality that Brian and his group chose Prosperity Improvement Group is a testament to the toughness of our price proposition of enabling financial advisors to establish their organization, operate more efficiently and serve consumers extra effectively. We’re enthusiastic to get started this new partnership with such a really respected company.”

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Wealth Enhancement Group Joins Forces with Financial Management Concepts, a Fee-Only RIA with More Than $188 Million in Client Assets

Wealth Enhancement Group Joins Forces with Financial Management Concepts, a Fee-Only RIA with More Than $188 Million in Client Assets

Addition of the Central Florida Firm Raises Prosperity Improvement Group’s Complete Shopper Belongings to much more than $55.6 Billion

MINNEAPOLIS, March 30, 2022 /PRNewswire/ — Wealth Enhancement Group, an independent wealth administration agency, nowadays introduced the acquisition of Monetary Administration Concepts, located in the Orlando suburb of Wintertime Springs, Fla. Led by founder and President, Brian Fricke, CFP, the company oversees much more than $188 million in client belongings. With this hottest partnership, Prosperity Enhancement Group builds on its expansion momentum, elevating full client property to more than $55.6 billion.

Jeff Dekko, Chief Govt Officer of Prosperity Enhancement Team, explained, “Brian has developed an unbelievable business enterprise more than 31 many years in serving to non-public clientele close to retirement, or currently retired, develop fiscal plans that address their major dread — jogging out of funds. In addition to managing a sturdy follow, Brian is the creator of two publications and at present serves on the Board of Trustees of the LCMS Basis and the New Smyrna Seaside Fire Pension Board.  We’re happy to incorporate Fiscal Administration Concepts to our at any time-expanding roster of substantial-high quality RIAs and search forward to decades of collaboration.”

Economic Management Concepts, started in 1991 with a modest team of private shoppers, has grown by focusing on retirement arranging, revenue distribution procedures and minimal life time tax practices. The business also will help consumers navigate the fiscal complexities bordering the care of getting older moms and dads. They are devoted to supporting consumers go after a flexible retirement — accomplishing what they want, when they want.

“We constructed our small business on the thought that retirement can be a pretty emotional and nerve-racking time for purchasers. Our approach has aided manual our shoppers on when they can retire, how much they can spend and what they can leave driving, ” Mr. Fricke said. “Prosperity Enhancement Team understands our exclusive method and will make it possible for us the versatility to proceed our philosophy. I am energized to husband or wife with a business that has the culture, resources and guidance we require to achieve our advancement targets and proceed defining our personal results.”

Jim Cahn, Prosperity Enhancement Group’s Main Investments & Business Advancement Officer, included: “An RIA of Fiscal Management Concepts’ caliber has a good deal of choices. The simple fact that Brian and his staff chose Prosperity Improvement Group is a testomony to the strength of our value proposition of enabling financial advisors to build their enterprise, operate far more competently and provide clients much more correctly. We’re psyched to begin this new marriage with such a remarkably highly regarded organization.”

On the closing of the transaction on March 31, Mr. Fricke will provide as Senior Vice President, Fiscal Advisor.

About Prosperity Improvement Team

Prosperity Enhancement Team is a Increased Minneapolis-dependent unbiased wealth administration agency supplying complete and custom made financial preparing and investment administration providers. Started in 1997, Wealth Enhancement Group serves clients nationwide. Prosperity Enhancement Team specializes in providing retail customers with the team-centered awareness and means they have to have to simplify their financial lifetime. For a lot more info, be sure to visit www.wealthenhancement.com.

Advisory solutions supplied through Wealth Improvement Advisory Services, LLC (WEAS), a registered financial commitment advisor. Specific, but not all, expenditure advisor reps (IARs) of WEAS are also registered representatives of and supply securities through LPL Fiscal, Member FINRA/SIPC. Wealth Enhancement Group and Wealth Improvement Advisory Expert services are individual entities from LPL Economical. Wealth Improvement Group is a registered trademark of Wealth Improvement Team, LLC.

Prosperity Enhancement Team and its Registered Expenditure Advisor, Prosperity Improvement Advisory Providers, had $54.9 billion in customer brokerage and advisory assets as of 2/28/2022. Money Management Principles had more than $188 million in client brokerage and advisory belongings as of 10/15/2021. With the addition of beforehand introduced acquisitions and the acquisition of Financial Administration Ideas, Wealth Improvement Group expects to have over $55.6 billion in consumer brokerage, advisory and believe in property as of March 31,2022.

Media Contacts
Donald Cutler
Haven Tower Group
424 317 4864
[email protected] or [email protected]

Resource Wealth Enhancement Team