Wealth Enhancement Group, a Minneapolis-based firm overseeing $57.9 billion in client assets, has acquired BFS Wealth Management a hybrid registered investment adviser overseeing $523 million based Iselin, New Jersey.
BFS was founded in 2005. A team of three advisers and six support staff, led by John B. Burke, will be making the move. Terms of the acquisition were not disclosed.
BFS will be Wealth Enhancement Group's 12th office in the tristate region of New Jersey, New York and Connecticut.
Earlier this month, Wealth Enhancement Group acquired a $237 million RIA, Ginsburg Financial Advisors, in Oakland, California. And in September, it announced deals for Bohmer Kilcoyne Wealth Management, a Cincinnati-based hybrid managing $677 million; Sadoff Wealth Management, a $1.6 billion Milwaukee RIA; and Pinnacle Private Wealth, a $663 million hybrid in Burlington, Massachusetts.
AI is no replacement for trusted financial advisors, but it can meaningfully enhance their capabilities as well as the systems they rely on.
Prudential's Jordan Toma is no "Finfluencer," but he is a registered financial advisor with four million social media followers and a message of overcoming personal struggles that's reached kids in 150 school across the US.
GReminders is deepening its integration partnership with a national wealth firm, while Advisor CRM touts a free new meeting tool for RIAs.
The Texas-based former advisor reportedly bilked clients out of millions of dollars, keeping them in the dark with doctored statements and a fake email domain.
The $3.3 trillion tax and spending cut package narrowly got through the upper house, with JD Vance casting the deciding vote to overrule three GOP holdouts.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
