Wealth Enhancement Group, an independent wealth management firm, plans to acquire Hawkins Wealth Management, a registered investment adviser with $574 million assets under management and offices in North Liberty, Iowa, and Naples, Florida. Financial terms of the transaction were not disclosed.
This will be Wealth Enhancement Group’s sixth acquisition in 2022 and brings its total client assets to more than $55.5 billion.
Tim Hawkins founded Hawkins Wealth Management in 2012. The team also includes managing partner Aaron Robertson, six financial advisors, and seven support staff who provide financial planning, tax services, and retirement distribution planning, among other services.
“Hawkins Wealth Management has an exceptional history of providing tailored financial planning, investment management and retirement distribution planning services for its clients. We look forward to helping them grow their business,” said Jim Cahn, chief investments and business development officer of Wealth Enhancement Group.
The transaction is expected to close June 30, 2022, after which the practice will do business as the Hawkins Team at Wealth Enhancement Group.
In other company news, Wealth Enhancement Group recently acquired Kings Point Capital Management LLC, a $1.7 billion independent registered investment advisor with offices in Great Neck, New York and Brentwood, Tennessee.
Wealth Enhancement Group is a Greater Minneapolis-based independent wealth management firm offering comprehensive and customized financial planning and investment management services.