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Wealth Enhancement Group buys $1.7 billion Kings Point Capital Management

Kings Point

The acquisition, Wealth Enhancement Group's fifth completed deal this year, boosts its total assets to $55 billion.

Wealth Enhancement Group announced Thursday morning the acquisition of Kings Point Capital Management, a $1.7 billion advisory firm based in Great Neck, New York.

The deal pushes Minneapolis-based Wealth Enhancement Group’s total assets to $55 billion.

Kings Point was founded in 2005 by two

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