Creative Planning LLC has acquired BerganKDV, a professional services firm with about $2.5 billion in assets under management that adds 600 new employees to the Overland Park, Kansas-based registered investment advisor, it said Monday.
BerganKDV is led by CEO Dave Hinnenkamp and was founded in 1945. Over the past 78 years, the firm has "remained rooted in exceptional client service and innovative offerings," according to Creative Planning.
During that time, it has expanded its range of business, financial and technology services to include tax and audit, accounting, business advisory and wealth management, Creative Planning said.
Financial terms of the deal weren't disclosed.
Republic Capital Group acted as the exclusive investment banking advisor on the transaction.
Creative Planning had more than $210 billion in combined assets under management and advisement across all 50 U.S. states and 65 countries as of Dec. 31.
