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.