Creative Planning’s latest deal includes more than just financial advisors, accounts and assets.
The Overland Park, Kansas-based registered investment advisor, which manages more than $210 billion in combined assets under management and advisement, announced Monday it has acquired BerganKDV, a professional services firm that provides accounting, tax and audit services and business advice, in addition to wealth management. BerganKDV brings $2.495 billion in AUM and 600 employees to Creative Planning.
BerganKDV will rebrand to Creative Planning for Business, CEO Peter Mallouk said in a statement, adding that the deal gives Creative Planning a stronger presence in the Midwest. BerganKDV is headquartered in St. Cloud, Minnesota, and also has offices in Iowa, Minnesota, Missouri and South Dakota.
“[BerganKDV CEO] Dave [Hinnenkamp] 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,” Mallouk said. "Their client-centric approach is the perfect cultural fit for our ever-growing Creative Planning family.”
“As our firm has evolved, we’ve always strived to fulfill our mission — to be capable of caring for our clients through their entire business, organizational and personal life cycles,” Hinnenkamp said in the statement. “Joining Peter and his Creative Planning team greatly accelerates us along our path to deliver on this mission.”
Terms of the transaction were not disclosed. Republic Capital Group acted as the exclusive investment banking advisor on the deal.
Four of the Magnificent Seven will report this week.
Easing anxiety has seen the haven asset slide from record high.
Uncertainty remains challenging for Treasuries traders.
Move will raise concerns of inflationary impact of tariffs.
President says tariffs could see income tax ‘completely eliminated’ for some
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
