A parent-company merger has created a multibillion-dollar Midwest wealth management powerhouse.

Springfield, Mo.-based BKD bought Chicago CPA and advisory firm Wolf & Co. this summer, for an undisclosed sum. The resulting match between the two firms' financial advisory arms -- BKD Wealth Advisors and Wolf Financial Management -- went through this month, bringing the group's assets to roughly $2.4 billion.

Both parent companies have separate tax, accounting and consulting divisions in addition to the wealth management operations.

On the wealth management side, "We acquired in excess of $274 million in assets, over 200 benefit plan consulting clients, and 10 professionals that fit well in terms of their culture and expertise," says BKD Wealth's president, Jack Thurman. "It just continues to build out our footprint in the Midwest."

The combined group, which takes the BKD Wealth Advisors name, now has eight offices in six states with approximately 60 employees, including eight in the former Wolf office in Chicago.

BKD Wealth focuses on serving "the so-called millionaire next door," Thurman says. "We are not looking for the hot-stock-tip client. We are not looking for someone who wants to buy a few stocks here and there. We are looking to provide integrated wealth management services, provided by fee-based professionals."

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