Wealth Enhancement Adds $210M in AUM in New Acquisition

Wealth Enhancement has acquired the investment advisory unit of Oklahoma-based Servo Wealth Management, an independent registered investment advisory firm. 

Servo Wealth Management, founded in 2012, is led by founder Eric Nelson and manages more than $210 million in total client assets. 

The team provides investment management, financial planning, and wealth management services to high-net-worth clients, including physicians, attorneys, executives, small business owners, and retirees. 

The acquisition, which closed on August 15, marks Wealth Enhancement’s 14th acquisition of the year and boosts the firm’s total assets under management to over $161 billion. 

Specific terms of the transaction were not disclosed. 

Prior to founding Servo Wealth Management, Nelson served as a principal at Equius Partners from 2009 until 2012, according to his LinkedIn profile. 

In 2023, Wealth Enhancement acquired Northern California-based Equius Partners Wealth. 

“For my clients, joining the Equius Team at Wealth Enhancement is about bringing on the support and wealth management capabilities necessary to serve them through all stages of life,” Nelson said. “For me, personally, it’s also about reuniting with a team that was instrumental in helping me develop and grow as a financial advisor.” 

Recently, Wealth Enhancement acquired Olympia, WA-based Weinand Financial, which oversees more than $644 million in total client assets. 

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, according to the firm.