Creative Planning’s latest deal includes more than just financial advisors, accounts and assets.
The Overland Park, Kansas-based registered investment advisor, which manages more than $210 billion in combined assets under management and advisement, announced Monday it has acquired BerganKDV, a professional services firm that provides accounting, tax and audit services and business advice, in addition to wealth management. BerganKDV brings $2.495 billion in AUM and 600 employees to Creative Planning.
BerganKDV will rebrand to Creative Planning for Business, CEO Peter Mallouk said in a statement, adding that the deal gives Creative Planning a stronger presence in the Midwest. BerganKDV is headquartered in St. Cloud, Minnesota, and also has offices in Iowa, Minnesota, Missouri and South Dakota.
“[BerganKDV CEO] Dave [Hinnenkamp] and his team have always had their sights set on going beyond traditional financial, tech, and business solutions to do more for their clients, communities and team members,” Mallouk said. "Their client-centric approach is the perfect cultural fit for our ever-growing Creative Planning family.”
“As our firm has evolved, we’ve always strived to fulfill our mission — to be capable of caring for our clients through their entire business, organizational and personal life cycles,” Hinnenkamp said in the statement. “Joining Peter and his Creative Planning team greatly accelerates us along our path to deliver on this mission.”
Terms of the transaction were not disclosed. Republic Capital Group acted as the exclusive investment banking advisor on the deal.
Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B
“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.
The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO
For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.
Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions
Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
