This merger will allow each firm to enhance the service it provides without sacrificing the unique qualities that attracted clients. It’s an exciting step for both companies, and everyone involved is looking forward to a long and productive partnership.
Minneapolis, MN (PRWEB) December 10, 2013
TruNorth, an independent advisory firm with offices in Oakdale, Minnesota, and Sacramento, California, and BGM Wealth Management, a Registered Investment Advisor headquartered in Bloomington, Minnesota, have announced their pending merger. The combined firm, which will be known as BGM TruNorth Wealth Partners, will have over $500 million in assets under management and serve approximately 330 households. Peter Rekstad, CFP®, ChFC®, CLU®, of TruNorth will be the CEO of the new firm, while Jon Meyer, CFP®, of BGM Wealth Management will serve as COO.
Following the merger, clients will enjoy access to an expanded team of professionals working together to meet their needs. BGM TruNorth Wealth Partners will include eight CERTIFIED FINANCIAL PLANNER™ professionals, two Accredited Investment Fiduciaries and a Personal Financial Specialist. Staff members have a diversity of practice specialties, including financial planning, investment management, retirement planning, taxes and accounting, insurance, and endowments and foundations.
“BGM is a firm that I have long held in highest regard,” said Peter Rekstad. “For years we have moved toward this day. We share a common set of core values and work with the same technology providers and custodians. Jon Meyer and I have been a sounding board for one another. This merger will allow us to bring the best of each firm to all our clients.”
“I am delighted to have Peter step into the company as the CEO,” said Dan Boeckermann, CPA, PFS, co-founder and chairman of BGM Wealth Management. “He has shown leadership in building a respected and recognized wealth management company at TruNorth. Our firms share an absolute commitment to excellence in serving clients and bring complementary resources to enhance the overall experience of everyone we serve.”
TruNorth and BGM Wealth Management decided to pursue the merger after significant internal discussion and extensive due diligence. Through that process, company leaders concluded that combining the firms would allow each to continue to offer the best possible service to their respective clients while also bringing new benefits to those they serve.
“BGM Wealth Management and TruNorth share the same fundamental approach to wealth management,” said Jon Meyer. “This merger will allow each firm to enhance the service it provides without sacrificing the unique qualities that attracted clients. It’s an exciting step for both companies, and everyone involved is looking forward to a long and productive partnership.”
About BGM Wealth Management
BGM Wealth Management is an independent Registered Investment Advisor headquartered in Bloomington, Minnesota. The firm specializes in comprehensive strategies for financial planning, investment management and tax planning.
TruNorth is an independent Registered Investment Advisor with offices in Minnesota and California. Serving more than 150 households, the firm’s advisors help their clients navigate complex financial decisions on their Journey of Purpose.
For more information, visit http://www.bgmtrunorth.com.
Jon Meyer, CFP®
4470 W. 78th St. Circle, Suite 200
Bloomington, MN 55435
Peter Rekstad, CFP®, ChFC®, CLU®
1099 Helmo Avenue North, Suite 230
Oakdale, MN 55128