Wealth Enhancement Group, a Minneapolis-based firm with $60.6 billion in assets, said Wednesday that it’s acquired Legacy Financial Planning, a hybrid firm that oversees $371 million in client assets.
Legacy Financial Planning has offices in Rochester and Oswego, New York, and Naples, Florida.
The firm is led by co-founder and CEO Tammy Mogilski and co-founder and president Brian Bedford.
Advisor Growth Strategies was Legacy Financial Planning’s advisor on the transaction.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
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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.
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