Wealth Enhancement Group, a Minneapolis, Minnesota-based hybrid managing $39.1 billion, has acquired Serafini Financial Group, a Hagerstown, Maryland-based hybrid that managed $853 million. Terms of the deal were not disclosed.
Andrew A. Serafini, who founded the eponymous firm in 1990, has joined Wealth Enhancement as a financial adviser, along with his colleagues Douglas Nigh and Nathanael Hanft.
The Wealth Enhancement Group’s registered representatives are affiliated with LPL Financial.
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