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The TA Associates-backed RIA aggregator said on Thursday that it has acquired Serafini Financial Group, an $853m hybrid practice based in Hagerstown, Md. Specific financial terms of the transaction, including its projected closing date, were not disclosed.

Wealth Enhancement Group pulled in a Hagerstown, Md.—based RIA managing $853 million in total client assets, raising its total client assets to $39 billion. The selling firm, Serafini Financial Group, moved from Commonwealth Financial Network, a registered investment advisor and independent broker/dealer.

Wealth Enhancement Group is acquiring RIA Serafini Financial Group, which has four financial advisors and $853 million in total client assets. The deal should close by Aug. 1 and bring WEG’s total client assets to some $39 billion. Click Here to Read the Full Article.

Wealth Enhancement Group, an independent wealth management firm, has purchased Serafini Financial Group, a Maryland-based hybrid registered investment advisor with 12 total employees, four financial advisors and $853 million in total client assets. Following the acquisition’s closing, Wealth Enhancement Group’s total client assets now exceed $39 billion.

Wealth Enhancement Group has bought Maryland-based hybrid RIA Serafini Financial Group which manages $853m in total client assets. Click Here to Read the Full Article.