Creative Planning Buys $2.5B Professional Services Firm

Peter Mallouk

The company announced earlier this year the acquisition of Memphis, Tennessee-based Telarray Advisors, an RIA firm that manages $1 billion in client assets.

The addition of the BerganKDV team gives Creative Planning an “even stronger presence in the Midwest,” said Peter Mallouk, Creative Planning CEO.

BerganKDV has nine offices across five states: Iowa, Minnesota, Missouri, Nebraska and South Dakota.

“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,” Mallouk said in a statement. “Their client-centric approach is the perfect cultural fit for our ever-growing Creative Planning family.”

As BerganKDV “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,” Hinnenkamp said in a statement. “Joining Peter and his Creative Planning team greatly accelerates us along our path to deliver on this mission.”

(Pictured: Peter Mallouk, Creative Planning CEO)

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