Wealth Management Firm Acquires BerganKDV

Overland Park, Kan.-based wealth management firm Creative Planning has acquired St. Cloud, Minn.-based IPA 100 firm BerganKDV (FY21 net revenue of $83.9 million).

“Creative Planning is thrilled to bring on the BerganKDV team to give us an even stronger presence,” says Creative Planning CEO Peter Mallouk. “Dave 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. Their client-centric approach is the perfect cultural fit for our ever-growing Creative Planning family.”

Founded in 1945, BerganKDV offers a wide array of comprehensive business, financial and technology solutions including tax and audit, accounting services, business advisory, wealth management and more. More than 600 BerganKDV employees will join the Creative Planning team as part of the deal.

“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,” says BerganKDV CEO Dave Hinnenkamp. “Joining Peter and his Creative Planning team greatly accelerates us along our path to deliver on this mission.”

“This combination is groundbreaking for the accounting profession as it is the first top 60 CPA and advisory firm nationally to be acquired by a major wealth management firm,” adds Allan Koltin of Koltin Consulting Group, who introduced long-time client BerganKDV to Creative Planning.

 

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