CPA-based wealth manager ups investment capabilities

FWR Staff

12 January 2007

Accountancy KDV merges with boutique advisory Analytics Investment Advisors. St. Cloud, Minn.-based accountancy Kern DeWenter Viere has merged its wealth-management group with Excelsior, Minn.-based Analytics Investment Advisors of Excelsior to form KDV Wealth Management.

Father and son

Although KDV has been providing portfolio-management services for more than five years, the merger with AIA will help the newly combined entity focus more on designing and monitoring portfolios. KDV Wealth Management will AIA's founder and CEO include Richard Hoyt and his son Derek Hoyt.

"The addition of Richard and Derek to our team will further strengthen our ability to deliver first-class service to our clients," says KDV Wealth Management head Dave Hinnenkamp. "Their economic insight and portfolio management skills will further enable us to optimize returns, while minimizing portfolio risk."

Richard Hoyt says the merger with KDV gives his firm "certain synergies and services that will complement our asset-management abilities" that results in being able to "offer our clients a more holistic approach."

KDV Wealth Management offers "integrated" investment, tax- and estate-planning services for individuals, families and businesses.

AIA manages about $25 million. -FWR