Wealth Enhancement Acquires $2.2B Midwest Hybrid RIA 

Wealth Enhancement has acquired L.M. Kohn & Company, a Cincinnati-headquartered hybrid RIA overseeing more than $2.2 billion in client assets, further accelerating its expansion across the Midwest and Southeast. The firm is led by Founder and CEO Larry Kohn, who launched the business in 1990 to serve individual investors, families, and financial professionals with a focus on comprehensive financial planning and small business benefits consulting. 

L.M. Kohn operates six offices across Ohio, Georgia, Iowa, and Michigan, bringing a regional presence and longstanding client relationships to Wealth Enhancement’s rapidly scaling advisory network. 

“L.M. Kohn’s dedication to clients and community mirrors our own values,” said Jeff Dekko, CEO of Wealth Enhancement. “We look forward to welcoming the firm’s deep bench of talent as we continue expanding our ability to deliver exceptional planning and investment guidance nationwide.” 

The deal follows several recent acquisitions by Minneapolis-based Wealth Enhancement, including Indiana’s FPG Private Wealth ($532M in assets), Idaho-based Guidance Wealth ($165M), and Wise Wealth in Missouri ($464M), underscoring the firm’s commitment to strategic growth in key regional markets. 

With the addition of L.M. Kohn & Company, Wealth Enhancement now oversees more than $131 billion in client advisory, trust, and brokerage assets across its national platform. 

The transaction closed December 6, 2025. ECHELON Partners served as exclusive financial advisor to L.M. Kohn & Company.