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Direct Investment  + Financial Advisory  + M&As  + Wealth Management  |  April 30, 2024
Creative Planning Acquires $2.2B Texas RIA
Joe Palmisano
By: Joe Palmisano

Wealth Enhancement Buys $502M Hybrid RIA  

Wealth Enhancement Group, an independent wealth management firm with nearly $82 billion in client assets, has acquired Lynch Retirement Investment Group, a hybrid registered investment advisor (RIA) with over $502 million in client assets. 

The deal marks Wealth Enhancement Group’s fourth location in Maryland.  

The team of three financial advisors and three support staff, who were previously affiliated with Raymond James for brokerage and advisory services, is led by senior advisor John Lynch. 

Founded in 1990, the Columbia, MD-based firm offers financial planning, asset and wealth management, longevity planning, retirement planning, tax planning, and estate planning. 

“We are proud to welcome John Lynch and the Lynch Retirement Investment Group team to Wealth Enhancement Group. Their commitment to integrity, innovation, and providing comprehensive financial services makes them a natural fit for our firm,” said Jeff Dekko, CEO of Wealth Enhancement Group. 

This is the third acquisition by Minneapolis-based Wealth Enhancement Group in 2024. In April, the firm acquired Piermont Wealth Management Inc., an independent RIA with offices in Boca Raton, FL and Melville, NY that manages over $226 million in client assets. In January, it bought Foundational Wealth Advisory, LLC., a hybrid RIA, marking its third office in Georgia. 

As one of the most active RIA acquirers in recent years, WEG completed 18 transactions last year, 14 in 2022, and 16 in 2021. 

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Inside The Story

Wealth Enhancement GroupLynch Retirement Investment Group

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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