Nies Financial Group, a financial firm based in Sartell, Minn., will be joining KDV Wealth Management, a regional financial services and CPA firm, effective April 1.
The merger is expected to broaden KDV’s portfolio of expertise, services and clients. “We were drawn to Nies Financial Group because of their similar investing philosophies and their attention to valued customer care,” said KDV CEO Loren Viere.
Nies Financial Group CEO Royce Nies, who will continue serving clients through KDV, has been serving the financial community of Central Minnesota for over 36 years. He is a lifelong resident of Central Minnesota and has been honored in the financial industry for his commitments to clients. His group is one of a growing number of financial firms with ownership nearing retirement age and exploring succession plans that ensure their clients are taken care of.
Two decades ago, most financial advisors and planners were affiliated with large financial organizations and their clients were naturally transitioned to another professional in the company when they retired.
“The industry has changed,” said KDV Wealth Management CEO Dave Hinnenkamp. “Today, we have more independent financial professionals that own smaller firms throughout this community and nation. As the Baby Boomers begin to retire, consumers will hear about more ownership changes at local financial firms and likely more mergers like this that allow customers to receive seamless services.”
Since 2001, Nies Financial Group has focused on financial planning, retirement planning, estate planning and portfolio allocation. “We are excited to join forces with KDV Wealth Management,” Nies said in a statement. “Our combined expertise gives us an immediate opportunity to enhance our client experience and build business continuity with expanded resources for our clients.”
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