Wealth Enhancement to acquire Hawkins Wealth Management

Plymouth, Minn.-based Wealth Enhancement Group LLC plans to acquire Hawkins Wealth Management.

The deal will bring Wealth Enhancement Group's total client assets to more than $55.5 billion. Hawkins Wealth Management has $574 million in AUM.

The acquisition, Wealth Enhancement's sixth in 2022, will add a team of six financial advisers and seven support staff from Hawkins to the business, boosting its presence in the Midwest.

Financial terms of the deal, which is expected to close June 30, were not disclosed.