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Wealth Enhancement Group, which works with about $15.1 billion in assets, has inked a deal to buy BPU Investment Management of Pittsburgh. The deal could bring 13 advisors, six staff members and some $990 million to WEG. It’s the firm’s 15th transaction over the past six years.

“Paul Brahim and Robert Unkovic have built an exceptional team with well-established client service capabilities across a range of disciplines, and they will be an excellent addition to the Wealth Enhancement Group family,” said WEG DEO Jeff Dekko, in a statement.

With BPU’s three locations, WEG will have 31 offices. It is based in the Minneapolis area and has the financial backing of the private equity group TA Associates.

Mercer Deal

Meanwhile, Mercer Global Advisors, an RIA, has added SD Financial Pathways of Dearborn, Michigan. SD Financial works with $100 million in assets and is led by Steven Deceuninck, a certified financial planner.

“Steve has been in the financial services industry for over 21 years. He’s also built an impressive business over a relatively short period of time,” according to David Barton, vice chairman of mergers and acquisitions for Mercer Advisors. “He brings thought leadership and quality financial planning capability to the table. He’s a great add to the team.” 

Mercer Advisors is the parent company of Mercer Global Advisors, owned by Oak Hill Capital and Genstar Capital; it works with a total of $18 billion in client assets and is based in Denver.