Wipfli Financial Advisors, LLC, a national wealth management firm with over $5 billion in assets under management, has acquired Redwood Wealth Management, LLC. Redwood is a Georgia-based independent advisory firm with over $300 million in assets.

The transaction expands Wipfli’s presence in Southeast U.S. and bolsters the firm’s team of professionals. Going forward, Redwood will make use of Wipfli’s dedicated back office teams including client services, investment resources and operations in order to dedicate more time to serving its customers.

Additionally, the combined firm will benefit from its affiliation with Wipfli LLP, which provides a variety of valuable financial support services.

“From their technical expertise to their planning-first philosophy, Redwood brings exceptional professionals to our team,” said Jeff Pierce, principal and chief executive officer at Wipfli Financial.

“Whether it’s delivering an exceptional client experience or giving our team members the opportunities they need to continue growing, we share the same values,” added Shawn Meade, partner at Redwood. “By joining together, we can take our commitment to our clients and associates to the next level.”