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Creative Planning’s Third Acquisition This Year, Adds 600 Minneapolis Workers

Creative Planning headquarters located at 5454 West 110th St., Overland Park.

Posted August 24, 2023

Creative Planning announced its acquisition of Minneapolis-based CTB Financial Services, Ltd., marking the wealth management firm’s third acquisition this year.

CTB will add support to Creative Planning’s already bolstered tax planning with investment management services.

“Having earned the reputation of being the family CFO among their clients, their proven proficiency in wealth management and tax planning aligns with our mission of offering holistic, client-centric financial solutions,” Creative Planning CEO Peter Mallouk said in a release. “This strategic acquisition underscores our commitment to delivering exceptional value and comprehensive support to our clients.”

Furthermore, the CTB merger adds 600 employees under the Creative Planning umbrella. However, Creative Planning is no stranger to the Minneapolis market. In 2019, the company purchased Minneapolis-based The Johnson Group. More timely would be the acquisition of Minneapolis-based BerganKDV in June 2023.

According to Creative Planning, the company now has more than $210 billion in both assets under management and advisement across all 50 states and 65 countries.

View the full press release, here.