Best Buy founder pumps capital into wealth firm

A team of investors led by Naples resident and Best Buy Founder Richard Schulze has invested in Meristem Family Wealth, an independently owned wealth management firm based in Minneapolis with an office in Naples.

Schulze's team includes Kevin Bergman, president and chief operating officer of the Schulze family office and Olympus Ventures and Michael Benson, chairman and CEO the wealth preservation consultancy Benson Blackburn, according to a statement. Meristem Family Wealth is one top family wealth management firms in the U.S., with assets under management of $2.35 billion, the release adds.

The investment represents a 25% stake in the firm. No other terms of the transaction were disclosed.