Under an agreement announced on Aug. 24 between the Onex Corporation’s private equity arm and TA Associates, Wealth Enhancement Group’s current majority owner is selling part of its stake in the Minneapolis-based firm. Onex and TA Associates will be equal capital partners in Wealth Enhancement Group.

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Wealth Enhancement Group is a Greater Minneapolis-based independent wealth management firm offering comprehensive and customized financial planning and investment management services. Established in 1997, Wealth Enhancement Group uses a team approach with a focus on simplifying their clients’ financial lives and has offices nationwide.