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The Retirement Planning Group completes acquisition of $225 Million Lee Financial Group Hawaii

Jun 05, 2024•over 1 year ago

Acquiring Company

The Retirement Planning Group

Acquired Company

Lee Financial Group Hawaii

LeawoodHonoluluFinancial ServicesFintechFinanceLendingFinanceFinancial Services

Description

The Retirement Planning Group (TRPG), the employee-based RIA of Cetera Financial Group, has acquired Lee Financial Group Hawaii, which represents its second acquisition this year. With approximately $225 million in assets under management, Lee Financial Group Hawaii delivers wide-ranging investment management and financial planning services to clients in Hawaii and beyond. As a result of the acquisition, six full-time professionals have joined TRPG/Cetera.

Company Information

Company

The Retirement Planning Group

Location

11460 Tomahawk Creek Pkwy

Leawood, Kansas, United States

About

The Retirement Planning Group (TRPG) is Cetera's employee-based RIA and an SEC registered investment advisory firm headquartered in Leawood, KS. With over 2,000 clients and $2.6 billion in assets under management, as of June 30, 2024, TRPG is one of the fastest growing companies in the Kansas City area. TRPG helps clients and their families nationwide navigate every financial decision they face throughout their lives by providing comprehensive wealth management services, including retirement planning, portfolio and investment management, tax planning, tax preparation and filing by our in-house tax team.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed