M&A Deal Summary

Wealth Enhancement Group Acquires OneSource Retirement Advisors

On September 18, 2018, Wealth Enhancement Group acquired financial services company OneSource Retirement Advisors

Acquisition Highlights
  • This is Wealth Enhancement Group’s 5th transaction in the Financial Services sector.
  • This is Wealth Enhancement Group’s 7th transaction in the United States.
  • This is Wealth Enhancement Group’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-09-18
Target OneSource Retirement Advisors
Sector Financial Services
Buyer(s) Wealth Enhancement Group
Deal Type Add-on Acquisition

Target

OneSource Retirement Advisors

Malvern, Pennsylvania, United States
OneSource Retirement Advisors is an independent financial advisory practice with $276 million in client assets based in Malvern, Pennsylvania, in the greater Philadelphia metropolitan area. OneSource Retirement Advisors, led by President John O'Brien, CFP® and Vice President Frank Ortner III, CPA, PFS, brings together extensive planning and portfolio management experience with legal and accounting expertise to help clients pursue financial independence and personal fulfillment in the years leading up to and during retirement. The firm currently serves approximately 200 clients from its office in Malvern.

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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 7 of 32
Sector (Financial Services) 5 of 24
Type (Add-on Acquisition) 6 of 31
State (Pennsylvania) 1 of 5
Country (United States) 7 of 32
Year (2018) 3 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Gdm Advisory Group

Fort Washington, Pennsylvania, United States

Gdm Advisory Group Ltd. provides independent financial guidance to approximately 250 individuals and families through a purely fee-based model. The firm's approach begins by developing a robust financial picture of each client, including factors such as savings capacity, existing investment wealth and investment temperament. GDM conducts regular risk tolerance assessments with clients to make adjustments to their portfolios in keeping with the firm's customized client service model.

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