Wipfli Financial Advisors LLC, a wealth management firm that is an affiliate of Wauwtosa-based accounting firm Wipfli LLC, announced that it has reached an agreement to acquire Alpharetta, Georgia-based Redwood Wealth Management LLC.

The transaction is expected to close on Dec. 31. Redwood will take on the Wipfli Financial brand moving forward.

Wipfli Financial Advisors has more than $5 billion in assets under management. Redwood Wealth Management has more than $300 million in assets under management.

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