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Announced

Completed

Wealth Enhancement Group completed the acquisition of Hoover Financial Advisors.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

Asset Managers and Custodians

Domestic

registered investment adviser

Single Bidder

Private

Acquisition

United States

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Synopsis

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Wealth Enhancement Group, an independent wealth management firm, completed the acquisition of Hoover Financial Advisors, an independent hybrid registered investment adviser. Financial terms were not disclosed. "We are thrilled to welcome Hoover Financial Advisors to our platform. Pete Hoover and the team at HFA have built an impressive firm with a strong track record for growth. HFA's holistic approach to addressing clients' long-term planning needs – with a particular focus on financial planning – serves as a powerful example of the right way to foster meaningful, lifelong client relationships. We look forward to working with the talented team from HFA to accelerate their growth by leveraging our centralized wealth management, back office and technology platforms," Jeff Dekko, Wealth Enhancement Group CEO.

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