Kansas City-based investment advisor Creative Planning LLC has acquired BerganKDV, the companies announced recently.
BerganKDV’s 600 employees, located in Cedar Rapids, Coralville and Des Moines, as well as other states, will join Creative Planning.
As a result of the acquisition, BerganKDV will become Creative Planning for Business. Creative Planning has more than $210 billion in combined assets under management and advisement across 50 states and 65 countries, according to a press release.
“We are thrilled to be partnering with Creative Planning,” said Dave Hinnenkamp, CEO of BerganKDV, in a statement. “As our firm has evolved, we’ve always strived to fulfill our mission — to be capable of caring for our clients through their entire business, organizational and personal life cycles. Joining Peter (Mallouk) and his Creative Planning team greatly accelerates us along our path to deliver on this mission. I am excited for our clients, and I am excited for our teammates as we redefine how professional services are delivered to our clients.”
Formed in 1945, BerganKDV offers services including, tax and audit, accounting services, business advisory, wealth management and more.
In 2021, BerganKDV professional service firm Miller Haviland Ketter (MHK) in Kansas City, bringing 14 more employees under the BerganKDV umbrella.
“Creative Planning is thrilled to bring on the BerganKDV team to give us an even stronger presence in the Midwest,” said Peter Mallouk, CEO of Creative Planning. “Dave and his team have always had their sights set on going beyond traditional financial, tech, and business solutions to do more for their clients, communities and team members. Their client-centric approach is the perfect cultural fit for our ever-growing Creative Planning family.”
“I am excited to see what Creative Planning and BerganKDV can accomplish together,” said John Langston, founder and managing partner of Republic Capital Group, which acted as the exclusive investment banking advisor on the transaction. “Dave and his team have built a great firm, serving clients extraordinarily well. It’s exciting to be part of the coming together of these two fantastic organizations.”