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.
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