WealthPlan Partners, a national Registered Investment Adviser,
has announced its acquisition of EFS Wealth Management Group.
Founded in 1991, EFS serves over 500 clients with $360 million in assets under management, focusing
on the mass affluent market. This acquisition marks a strategic
move for WealthPlan as EFS founder Marc
Geels, CFP®, will lead the development of the
ultra-high-net-worth division. With a strong retirement planning
model and a commitment to client-focused services, this partnership
highlights WealthPlan's continued expansion and dedication to
providing comprehensive financial solutions.
OMAHA,
Neb., Sept. 27, 2024 /PRNewswire-PRWeb/ --
WealthPlan Partners, LLC ("WealthPlan Partners"), a national
Registered Investment Adviser, today announced the acquisition of
EFS Wealth Management Group ("EFS"). Based in Sioux City, IA and Sioux Falls, SD, EFS is a comprehensive wealth
management firm founded in 1991 by Marc
Geels, CFP®, serving over 500 clients with $360 million in assets under management.
"WealthPlan's platform gives me the tools
to scale my business while continuing to operate with the same
level of independence and client focus that has defined EFS for
decades." – Marc Geels, Founder of
EFS Wealth Management Group
EFS specializes in serving the mass affluent market, with an
average client age of 68. The firm excels in helping clients
transition into retirement through time-segmented distribution
strategies designed to meet their income needs. As a holistic
wealth management firm, EFS provides a full range of services,
including tax advisory, estate planning, financial planning, and
investment management. The team includes five advisors, two of whom
are CFP® professionals, along with four dedicated support staff. At
WealthPlan Partners, Marc Geels will
step into the role of Head of Private Wealth Management, focusing
on developing and expanding the ultra-high-net-worth division.
Marc Geels, founder of EFS,
shared, "I chose to join WealthPlan after evaluating several other
options in our industry. WealthPlan stood out with its clear growth
strategy and the comprehensive services needed to expand in the
mass affluent and affluent markets. Their dedicated retirement
planning division, managing over $1
billion in assets, was a key factor. Unlike many other
firms, which often have advisors juggling multiple roles,
WealthPlan has a fully dedicated leadership team overseeing each
core function of the business. After years of building my own
business, I realized I could sell while still maintaining my
autonomy and running things my way, all while gaining access to the
resources needed to scale."
Patrick Brewer, CEO of WealthPlan
Partners, who led the acquisition of EFS, commented, "Marc has
built an outstanding business with a relentless focus on delivering
an exceptional client experience. His 'Income for Life' financial
planning model offers a unique approach to addressing the needs of
pre-retirees and retirees. We're excited to expand this model
nationally across our other partner firms."
Todd Feltz, Founder of WealthPlan
Partners, stated, "EFS is a genuine ensemble practice. It's
uncommon to encounter a firm with motivated and talented advisors
and team members who are ideally suited for their roles. The
alignment between EFS's culture and values and what we've
established at WealthPlan is evident."
Alaris Acquisitions, an M&A advisory firm exclusive to the
wealth management industry, served as the advisor for the
transaction.
About WealthPlan Partners
Founded in 1995, WealthPlan Partners, LLC ("WealthPlan
Partners") is a full-service wealth management and financial
planning firm. The company offers a wide range of fee-based
services, including investment management, financial planning,
family office support, retirement planning, estate and tax
strategies, and insurance solutions. A subsidiary of WealthPlan
Group, LLC, WealthPlan Partners is based in Omaha, Nebraska. It is privately owned,
employs more than 50 people, and has a national presence with over
10 offices across the U.S. For more information, visit
www.wealthplan.partners
Media Contact
Patrick Brewer, WealthPlan Group,
LLC, 1 2672526681, patrick@wealthplan.group,
www.wealthplan.group
DeAndre Geels, WealthPlan Group,
LLC, 1 712-253-6003, deandre@wealthplan.group,
www.wealthplan.group
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SOURCE WealthPlan Group, LLC