Personal Wealth Partners, a Bloomington, Minnesota-based registered investment adviser managing $631 million, has merged into Credent Wealth Management, a Fort Wayne, Indiana-based RIA managing $1.8 billion.
Terms of the merger were not disclosed.
Personal Wealth Partners will merge its Bloomington and River Falls, Wisconsin, offices and now operate as Credent Wealth Management. The addition of the new locations in Minnesota and Wisconsin brings the total number of Credent Wealth Management offices to six. Credent Wealth said in a press release.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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