Wealth Management Acquisitions in Minnesota
Minnesota Wealth Management Deal Patterns
Minnesota wealth management acquisitions from 2021–2026 show a recurring focus on expanding advisor platforms, adding client assets, and bringing local teams under larger brands—often while planning for leadership continuity.
Across the listed transactions, buyer activity clusters in the Twin Cities and surrounding areas (including Minneapolis and St. Paul), with several deals involving rebranding or integrating an acquired practice into an existing wealth management platform. Firms such as Carson Group, Mercer Global Advisors (Mercer Advisors), OnePoint BFG Wealth Partners, and Savant Wealth Management appear repeatedly as acquirers.
The mix of targets spans registered investment advisers, multi-family offices, and technology-enabled wealth operations—along with niche expansions into high-end life insurance and ultra-high-net-worth (UHNW) client services.
What Stands Out
- Carson Group is active in Minnesota through acquisitions and office-level consolidation, including taking fuller ownership and rebranding an acquired practice as Carson Wealth.
- Platform-led growth shows up often: buyers add advisory teams, leadership, and client assets while integrating targets into their wealth management divisions over time.
- Minnesota deals include both “people + AUM” transactions (RIA and multi-family office acquisitions) and an infrastructure move via Simplicity Group’s UMA/outsourced investment management technology acquisition.
- Geography is largely Minnesota-based, with activity centered on Minneapolis and St. Paul and additional offices in areas like Paynesville, Little Falls, and Sartell.
| Recurring buyer | What the deals commonly add | Minnesota presence |
|---|---|---|
| Carson Group | Advisory/brokerage assets, succession planning, rebranding | Twin Cities and additional locations |
| Mercer Advisors | UHNW and multi-family office capabilities, team additions | Minneapolis footprint |
| Savant Wealth Management | RIA leadership and employee integration into its wealth division | St. Paul-based acquisition |
| OnePoint BFG Wealth Partners | Planning-led platform expansion and Midwest reach | Minneapolis-based target |
| Simplicity Group | UMA technology and distribution through its advisor network | Integrates under Simplicity brand |
-
February 2, 2026
- Buyer
- OnePoint BFG Wealth Partners, Rise Growth Partners
- Target
- Voyage Wealth Architects
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Addon
OnePoint BFG Wealth Partners has acquired Minneapolis-based Voyage Wealth Architects, a wealth management firm overseeing $700 million in AUM. The deal, supported by strategic capital partner Rise Growth Partners, expands OnePoint BFG's planning-led platform, broadens its Midwest presence and will transition Voyage to the OnePoint BFG brand over time.
-
January 12, 2026
- Buyer
- Carson Group
- Target
- Carson Wealth (Minneapolis office)
- Seller
- Minneapolis Carson Wealth practice (Jeremy Willner; co-leads Hayden Willner and Grant Fuchs)
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Carson Group has fully acquired its Carson Wealth practice in Minneapolis, buying the remaining ownership stake in the office led by Jeremy Willner. The deal (financial terms undisclosed) brings approximately $395 million in advisory and brokerage assets under Carson’s full ownership and is intended to support continuity, succession planning and accelerated growth in the Twin Cities market.
-
August 31, 2025
- Buyer
- Savant Wealth Management
- Target
- PrairieView Partners
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Savant Wealth Management has acquired PrairieView Partners, a St. Paul, Minnesota-based registered investment adviser managing more than $1.2 billion in AUM. The deal, which closed August 31, 2025, brings PrairieView's leadership into Savant as member-owners and transitions 15 of PrairieView's 19 employees into Savant's wealth management division (four to Savant Tax & Consulting); financial terms were not disclosed.
-
July 7, 2025
- Buyer
- Winged Keel Group
- Target
- MBW Group
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Winged Keel Group has acquired Minneapolis-based MBW Group and opened a new Minneapolis office led by former MBW principals Jeffery W. Bird and David A. Wischmeier. The deal expands Winged Keel's national high-end life insurance platform and strengthens its capabilities serving ultra-high-net-worth families and business owners in the Midwest.
-
- Buyer
- MAG Wealth Management, Carson Group
- Target
- Ovation Wealth Advisors
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
MAG Wealth Management has acquired Ovation Wealth Advisors and rebranded the business as a Carson Wealth location as part of a strategic partnership with Carson Group, which is taking a 30% equity stake. The newly formed Carson Wealth team — led by Jeremy and Hayden Willner — will oversee approximately $350 million in AUM across locations in Paynesville, Little Falls and Minneapolis, Minnesota, and addresses succession planning while expanding MAG's Midwest presence.
-
November 12, 2024
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Waypoint Capital Advisors
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Mercer Global Advisors (Mercer Advisors) has acquired Waypoint Capital Advisors, a Minneapolis-based investment advisory and financial planning firm that manages nearly $1 billion in client assets for ultra-high-net-worth families. The deal brings Waypoint's 12 professionals into Mercer and is intended to deepen Mercer’s multi-family office and UHNW capabilities while expanding its Minneapolis footprint.
-
October 15, 2024
- Buyer
- Carson Group
- Target
- Sweet Financial Partners
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Carson Group has acquired Sweet Financial Partners, a $1 billion AUA wealth advisory firm based in Fairmont, Minnesota. The 12-person team will continue to operate under the Sweet Financial Partners name while leveraging Carson's national resources to strengthen Carson's presence in the Midwest.
-
October 15, 2024
- Buyer
- Beacon Pointe Advisors
- Target
- Landmark Wealth Management Group
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Beacon Pointe Advisors has acquired Landmark Wealth Management Group, a Lake Elmo, Minnesota-based RIA that oversees approximately $1 billion in client assets. The deal (closed October 15, 2024) gives Beacon Pointe its first formal office presence in Minnesota and expands its national footprint and advisory team.
-
July 1, 2024
- Buyer
- AlTi Global, Inc. (AlTi)
- Target
- Envoi, LLC
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
AlTi Global, Inc. (AlTi) completed the previously announced acquisition of Envoi, LLC, a Minneapolis-based multi-family office with approximately $3.0 billion in AUM. The deal expands AlTi's U.S. footprint and adds multi-generational family wealth advisory capabilities to its global wealth and alternatives platform.
-
January 3, 2024
- Buyer
- Dakota Wealth Management
- Target
- Ledge Wealth Management, Inc.
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Dakota Wealth Management has agreed to acquire Ledge Wealth Management, Inc., a registered investment advisor based in Sartell, Minnesota that manages roughly $400 million of client assets and advises on an additional $200 million through its 401(k) advisory business. The deal expands Dakota Wealth's AUM to about $4.9 billion and brings Ledge founder Kurt Durrwachter, COO Gina K. Bartell and six associates into Dakota's team.
-
June 7, 2022
- Buyer
- Mercer Global Advisors, Inc. (Mercer Advisors)
- Target
- Fure Financial Corporation
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Fure Financial Corporation, a Bloomington, Minnesota-based Registered Investment Adviser that manages approximately $260 million in AUM for about 300 clients. The Fure Financial team will join Mercer Advisors as the firm expands its Central U.S. / Twin Cities presence and gains back-office scale and additional service capabilities for clients.
-
September 14, 2021
- Buyer
- Simplicity Group
- Target
- Sawtooth Solutions, LLC
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Simplicity Group acquired Minneapolis-based Sawtooth Solutions, a provider of unified managed account (UMA) technology and outsourced investment management services, and will integrate Sawtooth under the Simplicity brand. The acquisition expands Simplicity's wealth advisory capabilities and distribution reach by making Sawtooth's UMA platform available across Simplicity's national network of advisors, broker-dealers and banks.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.
Frequently Asked Questions
Which wealth management acquirers are most active in Minnesota deals?
Among the companies shown, Carson Group, Mercer Global Advisors (Mercer Advisors), OnePoint BFG Wealth Partners, Savant Wealth Management, Dakota Wealth Management, Beacon Pointe Advisors, and Simplicity Group appear multiple times.
Do these Minnesota acquisitions usually involve rebranding or integration?
Yes. Several deals include transitions into the buyer’s platform and, in some cases, rebranding—such as MAG Wealth Management being rebranded as a Carson Wealth location.
Are the targets mainly RIAs and multi-family offices?
Most targets are registered investment advisers or multi-family office-style wealth management businesses, though at least one transaction is technology-focused (the UMA platform acquisition by Simplicity Group).
Where are these deals concentrated geographically within Minnesota?
The acquisitions are concentrated in Minnesota locations such as Minneapolis and St. Paul, with additional references to nearby cities/areas including Paynesville, Little Falls, Sartell, and Fairmont.