Wealth Enhancement acquires Financial Management Concepts

Wealth Enhancement Group has acquired Financial Management Concepts, led by Founder and Chairman Brian Fricke.

The deal, the financial terms of which were not disclosed, is expected to close at the end of this month.

Founded in 1991, Florida-based Financial Management Concepts specializes in retirement planning, income allocation strategies and lifetime tax tactics.

The firm also assists its clients with the financial complexities of caring for aging parents.

The deal adds $188 million in client assets to Wealth Enhancement, bringing its total client assets to more than $55.6 billion.

Fricke said, “Wealth Enhancement Group understands our unique approach and will give us the flexibility to pursue our philosophy.

“I am thrilled to partner with a company that has the culture, resources and support we need to achieve our growth goals and continue to define our own success.”

Following the transaction, Fricke will assume the role of senior vice president and financial advisor.

Wealth Enhancement CEO Jeff Dekko said, “Brian has built an incredible business over 31 years helping private clients close to retirement or already retired to develop financial plans that address their number one fear: running out of money. ‘money.

“In addition to leading a strong practice, Brian has authored two books and currently serves on the board of directors for the LCMS Foundation and the New Smyrna Beach Fire Pension Board. We are proud to add Financial Management Concepts to our list. always growing. of high quality AIR and look forward to years of working together.”

The deal continues Wealth Enhancement’s acquisition streak. Earlier this month, the company picked up Northern California-based RIA Napa Valley Wealth Management and TrueNote Investment Advisors.

Last year he took over a number of RIA companies, including Vivid Financial Management and Walnut Creek Wealth Management.

Commenting on the latest deal, Jim Cahn, Chief Investment and Business Development Officer, Wealth Enhancement Group, said: “Having Brian and his team choose Wealth Enhancement Group is a testament to the strength of our value proposition of enabling advisors financiers to grow their business, operate more efficiently and serve customers more effectively. We are delighted to begin this new relationship with such a respected company.

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