Minneapolis-based Wealth Enhancement Group will acquire SVA Financial Group, the wealth management and trust services entities of the SVA Companies, according to a release from the company.
SVA Financial Group has 22 financial advisors that collectively oversee $3.2 billion in client assets. Headquartered in Madison, SVA Financial Group has offices in Appleton, Milwaukee, Rockford, Illinois, and Sioux Falls, South Dakota. The SVA Wealth Management transaction is set to close on Dec. 31, 2020, with the acquisition of SVA Trust Co. officially closing in Q1 2021, subject to regulatory approval. The financial terms of the transaction were not disclosed.
