M&A Deal Summary

Wealth Enhancement Group Acquires Cimino Wealth Advisors

On June 13, 2018, Wealth Enhancement Group acquired financial services company Cimino Wealth Advisors

Acquisition Highlights
  • This is Wealth Enhancement Group’s 4th transaction in the Financial Services sector.
  • This is Wealth Enhancement Group’s 5th transaction in the United States.
  • This is Wealth Enhancement Group’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2018-06-13
Target Cimino Wealth Advisors
Sector Financial Services
Buyer(s) Wealth Enhancement Group
Deal Type Add-on Acquisition

Target

Cimino Wealth Advisors

Clinton, Wisconsin, United States
Cimino Wealth Advisors is an independent financial advisory practice with $494.5 million in client assets based in Clinton, Wisconsin. Cimino Wealth Advisors is led by Vince Cimino, who has been repeatedly recognized as one of Barron’s Top Financial Advisors and is a top 1% performer for LPL Financial, the nation’s largest independent broker-dealer, with which he will maintain his affiliation.

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Buyer(S) 1

Buyer

Wealth Enhancement Group

Plymouth, Minnesota, United States
Category Company
Founded 1997
Sector Financial Services
Employees250
DESCRIPTION
Wealth Enhancement Group's corporate headquarters in Plymouth, Minnesota.
Wealth Enhancement Group's corporate headquarters in Plymouth, Minnesota.

Wealth Enhancement Group is a comprehensive wealth management firm that provides team-based financial planning, estate planning, retirement income planning, insurance, tax strategies, and investment management services. Wealth Enhancement Group was founded in 1997 and is based in Plymouth, Minnesota.

DEAL STATS #
Overall 5 of 32
Sector (Financial Services) 4 of 24
Type (Add-on Acquisition) 5 of 31
State (Wisconsin) 1 of 2
Country (United States) 5 of 32
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 CPA Retirement Planning

Jacksonville, Florida, United States

CPA Retirement Planning is an independent financial advisory practice. CPA Retirement Planning provides holistic, tax-savvy financial planning and investment management services to retail and business clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Retirement Strategies

Jacksonville, Florida, United States

Retirement Strategies, Inc. is a provider of a plan design, unbundled defined contribution and defined benefit administration, and daily record keeping, along with ERISA consulting. The firm is focused on providing holistic financial planning and investment management services to support the goals and dreams of individual investors who are planning for retirement. The practice serves all its clients on an advisory basis. Retirement Strategies is based in Jacksonville, Florida.

Buy -
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