Wealth Enhancement Acquires $592M Illinois RIA

Wealth Enhancement has scooped up an Illinois-based independent registered investment advisory firm, which oversees more than $592 million in total client assets.  

Northbrook, Ill-based Miramar Capital, which was established in 2017, is led by founders and senior portfolio managers Bob Kalman and Max Wasserman.

The team includes VP and financial advisor Chris Kostiuk and is supported by four client services members, per the firm’s page on Wealth Enhancement’s website.

Miramar Capital offers wealth management-related services, including risk management, tax strategies, investment management, and financial planning to high-net-worth clients, including business owners, executives, multi-generational families, corporations, and foundations. 

“Our focus has always been and will always be on our clients, which is why joining Wealth Enhancement was the right choice for us,” said Wasserman.  

The acquisition, which closed on July 31, marks Wealth Enhancement’s 12th transaction for the year, following its purchase of Huntsville, AL-based Cloud Investments, which marked Wealth Enhancement’s first location in Alabama. 

Minneapolis-based Wealth Enhancement, which is led by CEO Jeff Dekko, is majority-owned by private equity shops Onex Corporation and TA Associates and has 188 offices.