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New Deal


Announced

Completed

Wealth Enhancement Group completed the acquisition of Financial Management Concepts.

Financials

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

Sources

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Acquisition

Asset Managers and Custodians

United States

Domestic

retirement planning

Private

Single Bidder

Majority

Friendly

Completed

Synopsis

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Wealth Enhancement Group, a wealth management firm offering comprehensive and customized financial planning and investment management services, completed the acquisition of Financial Management Concepts, a company focusing on retirement planning, income distribution strategies and low lifetime tax tactics. Financial terms were not disclosed. "Brian has built an incredible business over 31 years in helping private clients close to retirement, or already retired, develop financial plans that address their top fear — running out of money. In addition to running a strong practice, Brian is the author of two books and currently serves on the Board of Trustees of the LCMS Foundation and the New Smyrna Beach Fire Pension Board. We're proud to add Financial Management Concepts to our ever-growing roster of high-quality RIAs and look forward to years of collaboration," Jeff Dekko, Wealth Enhancement Group CEO.

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