leadership team: The companies did not disclose financial terms of the deal, according to The Independent. Minneapolis-based Wealth Enhancement Group operates an RIA, and some of its advisors are registered reps of LPL Financial. Newsletter Sign-up TA Associates is buying the majority stake in the independent wealth management firm that Lightyear Capital has held since June 2015, according to a news release announcing the deal. It oversees 11.8 billion in client assets and has 26 branch offices around the country. The transaction underscores how appealing the RIA industry has become to increasingly large investors, Wealth Management notes. Under TA Associates, Wealth Enhancement Group will retain its existing leadership team, brand and strategy, according to the news release.
(news.financializer.com). As
reported in the news.
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