Wealth Enhancement Group, a Plymouth, Minnesota-based hybrid managing more than $55.4 billion, has acquired Ginsburg Financial Advisors, a registered investment advisory firm in Oakland, California, managing $237 million.
The eponymous firm was founded in 1981 by Larry P. Ginsburg, who is joined in the move to Wealth Enhancement by a team of two advisers and four support staff.
"The fact that four of my respected professional colleagues have successfully integrated their businesses into Wealth Enhancement Group encouraged me to benefit from the high-quality team of professionals at Wealth Enhancement Group who will be supporting our local team and our clients," Ginsburg said in a statement.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
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