Creative Planning has reached an agreement to acquire Wipfli Financial Advisors, a registered investment advisor firm with $5 billion in client assets and 95 employees.

The transaction includes Wipfli Financial Advisor’s digital investment solution, Avid, as well as its retirement plan services group, according to Creative Planning. They are expected to complement Creative Planning’s recent acquisition of Lockton Retirement Services and its emerging wealth division, according to the announcement of the deal.

The RIA firm’s presence in Colorado, Illinois, Minnesota, New Hampshire, Montana, Pennsylvania, and Wisconsin “will help us better serve our clients throughout the U.S.," Peter Mallouk, chief executive officer of Creative Planning, said in a statement.

Wipfli Financial Advisors was founded by certified public accounting and advisor firm Wipfli in 1999, according to Creative Planning.

The RIA firm’s client base includes individuals, families, business owners, nonprofits and foundations, Creative Planning adds.

"From leading with financial planning and a similar evidence-based investment approach, to the incredibly strong cultural alignment and deep commitment to both clients and employees, we knew Creative Planning was the right firm for us to join with," Jeff Pierce, principal and chief executive officer of Wipfli, said in a statement.

For Wipfli, the deal creates a strategic relationship that will allow its clients to access a broad set of services, according to Wipfli managing partner and chair Kurt Gresens.

Creative Planning didn’t disclose the financial terms of the deal or the timing of its expected completion.

Including the Wipfli Financial Advisor’s acquisition, Creative Planning now manages or advises over $225 billion in client assets.

The Wipfli acquisition follows several others for Creative this year, including Rosen Capital Management, Ferris Capital and Hatton Consulting, among others.