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Home / transaction / Berkshire Global Advisors acted as financial advisor to Pillar Pacific Capital Management
Berkshire Global Advisors acted as financial advisor to Pillar Pacific Capital Management
  • has entered into a strategic partnership with

    • Berkshire Global Advisors acted as financial advisor to Pillar Pacific Capital Management

  • Date: April 2021
  • Sector: Wealth Management
  • Region: North America
  • Seller AUM: $1.6 Billion

    • Seller Details:
    Pillar Pacific Capital Management, LLC, is an independent registered investment adviser (RIA) with $1.6 billion in total client assets. Pillar Pacific has locations in Northern and Southern California and provides sophisticated investment management capabilities and holistic financial planning and wealth management services to high-net-worth individuals, multi-generational families and select institutions in the United States, Asia, Europe, Africa and Latin America.

    Buyer Details:
    Wealth Enhancement Group is a Greater Minneapolis-based independent wealth management firm offering comprehensive and customized financial planning and investment management services. Founded in 1997, Wealth Enhancement Group serves clients nationwide. Wealth Enhancement Group specializes in providing retail clients with the team-based expertise and resources they need to simplify their financial life.

    Transaction Summary:
    In bringing on board Pillar Pacific’s locations in the Los Angeles suburb of San Marino and Pacifica (in the Bay Area), the transaction marks Wealth Enhancement Group’s first expansion to the strategically vital West Coast. The transaction further solidifies the firm’s position as a leading national wealth management and financial planning brand. The transaction is expected to bring Wealth Enhancement Group’s total client assets to $31.8 billion upon closing.