Wealth Enhancement Buys Minnesota-Based Hybrid for $1.1 Billion

Financial Advisors


Wealth Enhancement Group, a hybrid registered investment advisor, announced Thursday that it has acquired New Era Financial Advisors Inc., a Minnesota-based hybrid firm that oversees $1.1 billion in client assets.

Terms of the deal were not disclosed.

New Era Financial Advisors was founded in 1982 by Donald Warner and Grant Lindaman. With offices in Wayzata and Hutchinson, the firm has six advisors and his 11 staff and is led by Warner, Lindaman and Shad Ketcher. New Era Financial Advisors provides wealth management, wealth management, qualified retirement planning support, and financial planning for high net worth individuals.

“After 40 years as a privately held, independent company, New Era Financial’s partners and advisors are joining forces with another well-respected Minnesota firm, Wealth Enhancement Group,” Warner said in a statement. “We are confident that our clients will greatly benefit from the additional services and resources provided by Wealth Enhancement Group, a national advisory firm.”

Minneapolis-based Welth Enhancement said the deal, the sixth of its kind this year, brings the company’s assets to $66.5 billion. Wealth Enhancement last month acquired his Equius Partners Inc., an RIA based outside of San Francisco, bringing client assets to his $1.1 billion.

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