Wealth Enhancement Group, an independent wealth management firm with more than $7.5 billion in client assets, has acquired CPA Retirement Planning, a Jacksonville-based independent financial advisory practice affiliated with National Planning Holdings.
CPA Retirement Planning provides financial planning and investment management services to retail and business clients. John Linge, managing principal and senior financial advisor of CPA Retirement Planning, will lead the Jacksonville Wealth Enhancement Group office.
“Adding CPA Retirement Planning’s business to Wealth Enhancement Group provides a servicing platform for clients in Florida and also allows CPA Retirement Planning’s clients to benefit from the extended expertise of our roundtable team of specialists,” said Jeff Dekko, chief executive officer of Wealth Enhancement Group.
Wealth Enhancement Group’s registered investment advisor arm, Wealth Enhancement Advisory Services, offers securities through LPL Financial. LPL purchased NPH in August for an initial price of $325 million and will make a contingent payment between $0 and $123 million in the first half of 2018 depending on the level of NPH’s business that onboards onto LPL’s platform.
Backed by private equity firm Lightyear Capital LLC, Wealth Enhancement Group is based in the Greater Minneapolis area and serves more than 10,000 clients in more than 40 states.