Addition of Central Florida company brings total Wealth Enhancement Group client assets to over $55.6 billion
MINNEAPOLIS, March 30, 2022 /PRNewswire/ — Wealth Enhancement Group, an independent wealth management firm, today announced the acquisition of Financial Management Concepts, located in Orlando suburb of Winter Springs, Florida. Led by Founder and President, Brian FrickeCFP, the firm oversees over $188 million in customer assets. With this latest partnership, Wealth Enhancement Group builds on its growth momentum, bringing total client assets to more than $55.6 billion.
Jeff Dekko, President and CEO of Wealth Enhancement Group, said, “Brian has built an incredible business over 31 years helping private clients close to retirement or already in retirement develop financial plans that address their biggest fear. : running out of money. In addition to leading a strong practice, Brian is the author of two books and currently serves on the board of directors of the LCMS Foundation and the New Smyrna Beach Fire Pensions Commission. We are proud to add Financial Management Concepts to our ever growing list of high quality AIRs and look forward to years of working together.”
Financial Management Concepts, founded in 1991 with a small group of private clients, has grown with a focus on retirement planning, income distribution strategies and low lifetime tax tactics. The firm also helps clients navigate the financial complexities surrounding caring for aging parents. They are dedicated to helping clients pursue flexible retirement – doing what they want, when they want.
“We built our business on the concept that retirement can be a very emotional and stressful time for clients. Our process has helped guide our clients on when they can retire, how much they can spend, and what they can leave behind,” Mr. Fricke mentioned. “Wealth Enhancement Group understands our unique approach and will give us the flexibility to pursue our philosophy. continue to define our own success.”
Jim CahnDirector of Investments and Business Development, Wealth Enhancement Group, added, “Financial Management Concepts’ caliber of RIA offers many options. That Brian and his team chose Wealth Enhancement Group is a testament to the strength of our value proposition of enabling financial advisors to grow their business, operate more efficiently and serve clients more effectively. We are delighted to begin this new relationship with such a respected company.
When closing the transaction the March, 31stMr. Fricke will serve as Senior Vice President, Financial Advisor.
About the Wealth Enhancement Group
Wealth Enhancement Group is a Greater Minneapolisindependent wealth management company offering comprehensive and personalized financial planning and investment management services. Founded in 1997, Wealth Enhancement Group serves clients nationwide. Wealth Enhancement Group specializes in providing retail clients with the knowledge and team resources they need to simplify their financial lives. For more information, please visit www.wealthenhancement.com.
Advisory services offered by Wealth Enhancement Advisory Services, LLC (WEAS), a registered investment adviser. Some, but not all, of WEAS’ Investment Advisor Representatives (IARs) are also Registered Representatives and offer securities through LPL Financial, member FINRA/SIPC. Wealth Enhancement Group and Wealth Enhancement Advisory Services are separate entities from LPL Financial. Wealth Enhancement Group is a registered trademark of Wealth Enhancement Group, LLC.
Wealth Enhancement Group and its registered investment adviser, Wealth Enhancement Advisory Services, had $54.9 billion in brokerage and advisory assets for clients as of 02/28/2022. Financial Management Concepts had over $188 million in brokerage and advisory assets for clients as of 10/15/2021. With the addition of previously announced acquisitions and the acquisition of Financial Management Concepts, Wealth Enhancement Group expects to have more $55.6 billion in brokerage, advisory and trust assets for clients as of March 31, 2022.
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SOURCE Wealth Enhancement Group