Tracked deals
13
13 tracked deals across 2021-2026.
Wealth Management Buyers & Acquisitions in Minnesota
Buyer mix
Strategic-led
13 strategic · 2 pe
Top trend
Volume peaked in 2024
6 tracked deals announced in 2024.
Primary Insight
What Stands Out
- Carson Group shows up repeatedly, including Minneapolis office consolidation and acquisitions that rebrand businesses as Carson Wealth.
- Mercer Advisors and other larger platforms expand Minnesota footprints by bringing in advisory teams serving high-asset clients.
- Deal coverage includes a mix of strategies: RIA consolidation, multi-family office expansion, and services/platform additions.
- Several transactions emphasize continuity—supporting succession planning while transitioning leadership and employees into the acquiring organization.
- Minnesota offices and teams are commonly described as expanding the acquirer’s reach in the Twin Cities and the broader state.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Carson Group | 3 | National wealth management platform and advisor network p... | Strategic |
| Mercer Global Advisors, Inc. (Mercer Advisors) | 2 | National registered investment adviser offering comprehen... | Strategic (PE-backed) |
| AlTi Global, Inc. (AlTi) | 1 | Independent global wealth and alternatives manager provid... | Strategic |
| Beacon Pointe Advisors | 1 | Nationwide registered investment adviser providing wealth... | Strategic |
| Dakota Wealth Management | 1 | Independent wealth management firm providing investment a... | Strategic |
| Investcorp | 1 | Global alternative investment firm that invests across pr... | PE |
| MAG Wealth Management | 1 | Independent wealth management/advisory firm pursuing inor... | Strategic |
| OnePoint BFG Wealth Partners | 1 | Wealth advisory and financial planning firm delivering pe... | Strategic (PE-backed) |
| Rise Growth Partners | 1 | Private equity firm that provides capital and strategic g... | PE |
| Savant Wealth Management | 1 | Fee-only registered investment adviser offering wealth ma... | Strategic |
Acquisition Volume in Wealth Management in Minnesota by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 29, 2026
- Buyer
- Investcorp
- Target
- Berger Financial Group, Inc.
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Growth capital
Investcorp, a global alternative investment firm, has invested in Berger Financial Group, Inc., a full-service wealth management platform serving individual investors and retirement savers across the United States. The investment is intended to accelerate Berger’s growth, expand capabilities, and scale the planning-first, fee-based wealth management model in a fragmented North American RIA market.
-
February 2, 2026
- Buyer
- OnePoint BFG Wealth Partners, Rise Growth Partners
- Target
- Voyage Wealth Architects
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Addon
OnePoint BFG Wealth Partners has acquired Minneapolis-based Voyage Wealth Architects, a wealth management firm overseeing $700 million in AUM. The deal, supported by strategic capital partner Rise Growth Partners, expands OnePoint BFG's planning-led platform, broadens its Midwest presence and will transition Voyage to the OnePoint BFG brand over time.
-
January 12, 2026
- Buyer
- Carson Group
- Target
- Carson Wealth (Minneapolis office)
- Seller
- Minneapolis Carson Wealth practice (Jeremy Willner; co-leads Hayden Willner and Grant Fuchs)
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Carson Group has fully acquired its Carson Wealth practice in Minneapolis, buying the remaining ownership stake in the office led by Jeremy Willner. The deal (financial terms undisclosed) brings approximately $395 million in advisory and brokerage assets under Carson’s full ownership and is intended to support continuity, succession planning and accelerated growth in the Twin Cities market.
-
August 31, 2025
- Buyer
- Savant Wealth Management
- Target
- PrairieView Partners
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Savant Wealth Management has acquired PrairieView Partners, a St. Paul, Minnesota-based registered investment adviser managing more than $1.2 billion in AUM. The deal, which closed August 31, 2025, brings PrairieView's leadership into Savant as member-owners and transitions 15 of PrairieView's 19 employees into Savant's wealth management division (four to Savant Tax & Consulting); financial terms were not disclosed.
-
July 7, 2025
- Buyer
- Winged Keel Group
- Target
- MBW Group
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Winged Keel Group has acquired Minneapolis-based MBW Group and opened a new Minneapolis office led by former MBW principals Jeffery W. Bird and David A. Wischmeier. The deal expands Winged Keel's national high-end life insurance platform and strengthens its capabilities serving ultra-high-net-worth families and business owners in the Midwest.
-
- Buyer
- MAG Wealth Management, Carson Group
- Target
- Ovation Wealth Advisors
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
MAG Wealth Management has acquired Ovation Wealth Advisors and rebranded the business as a Carson Wealth location as part of a strategic partnership with Carson Group, which is taking a 30% equity stake. The newly formed Carson Wealth team — led by Jeremy and Hayden Willner — will oversee approximately $350 million in AUM across locations in Paynesville, Little Falls and Minneapolis, Minnesota, and addresses succession planning while expanding MAG's Midwest presence.
-
November 12, 2024
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Waypoint Capital Advisors
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Mercer Global Advisors (Mercer Advisors) has acquired Waypoint Capital Advisors, a Minneapolis-based investment advisory and financial planning firm that manages nearly $1 billion in client assets for ultra-high-net-worth families. The deal brings Waypoint's 12 professionals into Mercer and is intended to deepen Mercer’s multi-family office and UHNW capabilities while expanding its Minneapolis footprint.
-
October 15, 2024
- Buyer
- Carson Group
- Target
- Sweet Financial Partners
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Carson Group has acquired Sweet Financial Partners, a $1 billion AUA wealth advisory firm based in Fairmont, Minnesota. The 12-person team will continue to operate under the Sweet Financial Partners name while leveraging Carson's national resources to strengthen Carson's presence in the Midwest.
-
October 15, 2024
- Buyer
- Beacon Pointe Advisors
- Target
- Landmark Wealth Management Group
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Beacon Pointe Advisors has acquired Landmark Wealth Management Group, a Lake Elmo, Minnesota-based RIA that oversees approximately $1 billion in client assets. The deal (closed October 15, 2024) gives Beacon Pointe its first formal office presence in Minnesota and expands its national footprint and advisory team.
-
July 1, 2024
- Buyer
- AlTi Global, Inc. (AlTi)
- Target
- Envoi, LLC
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
AlTi Global, Inc. (AlTi) completed the previously announced acquisition of Envoi, LLC, a Minneapolis-based multi-family office with approximately $3.0 billion in AUM. The deal expands AlTi's U.S. footprint and adds multi-generational family wealth advisory capabilities to its global wealth and alternatives platform.
-
January 3, 2024
- Buyer
- Dakota Wealth Management
- Target
- Ledge Wealth Management, Inc.
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Dakota Wealth Management has agreed to acquire Ledge Wealth Management, Inc., a registered investment advisor based in Sartell, Minnesota that manages roughly $400 million of client assets and advises on an additional $200 million through its 401(k) advisory business. The deal expands Dakota Wealth's AUM to about $4.9 billion and brings Ledge founder Kurt Durrwachter, COO Gina K. Bartell and six associates into Dakota's team.
-
June 7, 2022
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Fure Financial Corporation
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Fure Financial Corporation, a Bloomington, Minnesota-based Registered Investment Adviser that manages approximately $260 million in AUM for about 300 clients. The Fure Financial team will join Mercer Advisors as the firm expands its Central U.S. / Twin Cities presence and gains back-office scale and additional service capabilities for clients.
-
September 14, 2021
- Buyer
- Simplicity Group
- Target
- Sawtooth Solutions, LLC
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Simplicity Group acquired Minneapolis-based Sawtooth Solutions, a provider of unified managed account (UMA) technology and outsourced investment management services, and will integrate Sawtooth under the Simplicity brand. The acquisition expands Simplicity's wealth advisory capabilities and distribution reach by making Sawtooth's UMA platform available across Simplicity's national network of advisors, broker-dealers and banks.
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Frequently Asked Questions
Which acquisition firms are most recurring in Minnesota wealth management deals?
The page lists recurring acquirers including Carson Group, Mercer Global Advisors, Inc. (Mercer Advisors), OnePoint BFG Wealth Partners, Savant Wealth Management, and Dakota Wealth Management.
Do these deals focus on RIAs, multi-family offices, or technology platforms?
They cover all three. Examples include RIA acquisitions (e.g., Savant Wealth Management acquiring PrairieView Partners), multi-family office expansion (e.g., AlTi Global acquiring Envoi, LLC), and technology/platform capabilities (e.g., Simplicity Group acquiring Sawtooth Solutions, LLC for UMA technology).
How do acquisitions in Minnesota often handle continuity and integration?
Many deals describe planned continuity and integration steps—such as succession planning, leadership transitions, employee transitions, and, in some cases, rebranding acquired businesses under the buyer’s name (e.g., Carson Wealth).
What geographic areas in Minnesota appear most often?
Most transactions are described as Minnesota-based, with notable locations including Minneapolis and St. Paul, along with other Minnesota towns referenced in specific deal descriptions.
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Wealth Management Acquisitions in 2026
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Wealth Management Acquisitions in 2021
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Acquisitions in Minnesota in 2026
Acquisitions in Minnesota in 2025