Rockford, IL — Lucas Group Financial Advisors, a leading regional provider of wealth management services, and CPA services through its affiliate, Lucas Group CPAs + Advisors, announced today that it has acquired Wallem Associates, a respected and long-tenured RIA financial advisory firm known for its deep client relationships and expert planning services.
The merger marks a significant step forward in Lucas Group’s mission to offer comprehensive, fully integrated financial guidance under one trusted roof. With the addition of Wallem Associates, Lucas Group enhances its depth of talent, expands its reach and further strengthens its
commitment to client-first strategy across financial planning and accounting and tax services.
“This is more than an acquisition. It’s a powerful alignment of shared values, complementary expertise and mutual commitment to doing what’s best for our clients,” said Luke Beggin, Founder & Partner of Lucas Group. “Together, from strong foundations, we’re building something bigger, greater and even more effective. We’re building a company at which smart strategy, accurate implementation and long-term vision all work in concert.”
Founded as a CPA practice, Lucas Group has grown to serve a diverse client base across financial planning, investment management, accounting, tax strategy and business advisory services. The firm currently operates offices in Rockford and Freeport, IL. Wallem Associates, based in Loves Park, IL, brings a legacy of excellence in wealth management and a team of seasoned professionals
who now join Lucas Group’s growing platform.
Clients of both firms will continue to work with the advisors they know and trust – now with expanded capabilities and deeper bench strength across every aspect of their financial lives.
“We’ve always believed in delivering thoughtful, personal guidance,” said Jeff Wallem, founder of Wallem Associates and now Partner with Lucas Group. “This transition allows us to keep that commitment – while giving our clients access to more tools, more talent, and more opportunity.”
The move reflects Lucas Group’s evolving role as a one-stop partner for clients seeking clarity, coordination and confidence in every financial decision.
About Lucas Group Financial Advisors
Lucas Group Financial Advisors is an SEC registered investment advisor with the Securities and Exchange Commission. Reference to registration does not imply any particular level of qualification or skill. Lucas Group together with its affiliate, Lucas Group CPAs + Advisors, operates as an integrated financial services firm offering comprehensive wealth management, accounting, tax strategy and business advisory solutions. With roots as a trusted CPA practice and a growing footprint across northern Illinois, Lucas Group helps clients align their financial lives with their long-term goals – one relationship at a time.
