Wealth Enhancement Group, an independent financial advisory firm with some $3.7 billion in assets, has merged with Summit Wealth Advisors, a Chicago, IL-based independent registered investment advisory firm with nearly $300 million in assets under management.

Wealth Enhancement Group,
an independent financial advisory firm with some $3.7 billion in assets, has
merged with Summit Wealth Advisors, a Chicago, IL-based independent registered
investment advisory firm with nearly $300 million in assets under management.

Greater Minneapolis-based Wealth
Enhancement Group, which has 40 financial advisors, offers financial planning
and investment management strategies across 40 states to affluent and high net
worth retail clients. The firm also
provides retirement plan advisory services for qualified and non-qualified
employer-sponsored retirement plans.    

Going forward, the Summit
Wealth Advisors team will operate under the Wealth Enhancement Group brand, and
will continue to be led by Kevin Meehan, founder of Summit Wealth Advisors and
a financial services veteran with 28 years of experience. Meehan has been named
Wealth Enhancement Group's regional president for Chicago.

Financial terms of the
transaction were not disclosed.