Wealth Enhancement Group, a Minneapolis-based wealth management firm managing $54.5 billion, has acquired Napa Valley Wealth Management and TrueNote Investment Advisors, firms led by Kelly Crane and headquartered in St. Helena, California, that oversee more than $400 million in client assets.
Terms of the acquisition were not disclosed.
The two acquired firms will become the InConcert Napa Valley Team of Wealth Enhancement Group.
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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