iPro One said it has acquired a minority ownership interest in Tegra Financial Partners, an affiliate of the Georgia accounting firm Habif, Arogeti & Wynne.

Tegra Financial Partners is a wealth management firm with more than $400 million in assets under management. Terms of the deal were not disclosed.

"Through iPro One's direct investment in Tegra Financial Partners, we are taking the next deliberate step in the strategic roll-out of our new model for managing and growing a profitable wealth management firm," said iPro One CEO Anthony Wood in a statement.

He plans to integrate his company's investment products and services and Wall Street relationships with the CPA firm and its registered investment advisor to help the firm grow revenue and brand awareness.

"The wealth management business is evolving very quickly, and CPA firms need to stay ahead of the development curve to remain relevant in a crowded marketplace," said Habif, Arogeti & Wynne CEO J. Dan Simms in a statement. "Our partnership with iPro One not only keeps us relevant, it gives us a leg up over the competition because their model is unique in the market - no other organization does what they do under one roof."

He said iPro One would provide his firm's high-net-worth clients with services such as investment banking consulting.

"It demonstrates to our partners the value that the wealth managers bring to our overall business and helps them see how a vibrant, profitable wealth management business presents succession planning and value options for the CPA firm partners," he added.

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