Creative Planning has purchased Wipfli Financial, an RIA managing $5 billion in client assets. Wipfli Financial Advisors will bring 95 employees, including CEO Jeff Pierce and 80 advisors, to Creative Planning.
According to a statement regarding the deal, the advisory firm's wealth management and investment advisory affiliate and CPA Wipfli will maintain a significant minority ownership stake in the venture with Creative Planning.
The acquisition includes Wipfli Financial Advisor's digital investment tool, Avid, and its retirement-plan services group. Creative Financial believes those additions will complement its recent acquisition of Lockton Retirement Services and its emerging wealth division.
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