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Wealth Enhancement acquires $237 million RIA

Ginsburg Financial Advisors, founded in 1981, is based in Oakland, California.

Wealth Enhancement Group, a Plymouth, Minnesota-based hybrid managing more than $55.4 billion, has acquired Ginsburg Financial Advisors, a registered investment advisory firm in Oakland, California, managing $237 million.

The eponymous firm was founded in 1981 by Larry P. Ginsburg, who is joined in the move to Wealth Enhancement by a team of two advisers and four support staff.

[More: Wealth Enhancement Group acquires Ohio hybrid]

“The fact that four of my respected professional colleagues have successfully integrated their businesses into Wealth Enhancement Group encouraged me to benefit from the high-quality team of professionals at Wealth Enhancement Group who will be supporting our local team and our clients,” Ginsburg said in a statement.

[More: Wealth Enhancement Group acquires $1.6 billion RIA]

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