Advisory M&A

Creative Planning Acquires BerganKDV 

BerganKDV, headquartered in Bloomington, Minnesota, has joined Creative Planning LLC to become Creative Planning for Business.  

Founded in 1945 and led by CEO Dave Hinnenkamp, BerganKDV brings 600 new employees into the Creative Planning fold. The firm offers tax and audit, accounting services, business advisory, wealth management and more. 

“Creative Planning is thrilled to bring on the BerganKDV team to give us an even stronger presence in the Midwest,” said Peter Mallouk, president and CEO of Creative Planning, in a statement. “Dave and his team have always had their sights set on going beyond traditional financial, tech, and business solutions to do more for their clients, communities and team members.” 

Hightower Makes Strategic Investment in Boston Hill Advisors 

Hightower announced it has made a strategic investment in Boston Hill Advisors LLC, a $1 billion, fee-based registered investment adviser headquartered in North Andover, Massachusetts. 

Founded in 2006 by managing partners Joseph Trainor and Michael Edwards, the firm serves clients primarily in the New England region. Boston Hill Advisors has 17 employees, including eight advisers, serving approximately 1,000 client relationships. 

“This partnership with Hightower—who are client-focused, growth oriented, and looking for true partners—allows us to continue to deliver a high-end experience by putting our clients front and center, all while providing behind-the-scenes support to help grow and scale our business to the next level,” said Trainor in a statement.  

Kestra Private Wealth Services Launches Destination Wealth Advisors  

Kestra Private Wealth Services LLC announced the launch of Destination Wealth Advisors. The new firm was formed by Kestra PWS bringing together wirehouse veterans. The team is led by CEO and partner Ben McDonald, alongside partners Dee Buckminster, Austin Palmer and Bryant Trombly. They collectively oversee $500 million in client assets. 

“The Destination Wealth team is looking to grow their business and attract like-minded financial professionals with client interests top of mind,” Rob Bartenstein, CEO of Kestra PWS, said in a statement. “Kestra PWS offers the versatility and time to personalize financial plans to each unique situation without worrying about the operational side of the business.”