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Wealth Enhancement buys $1.1 billion Minnesota-based hybrid

Wealth hybrid

New Era Financial Advisors has six advisors and offices in Wayzata and Hutchinson.

Wealth Enhancement Group, a hybrid registered investment advisor, announced Thursday it has purchased New Era Financial Advisors Inc., a Minnesota-based hybrid that oversees $1.1 billion in client assets.

Terms of the transaction were not disclosed.

New Era Financial Advisors was founded in 19

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