Wealth Enhancement Adds $376M RayJay FA Team

Wealth Enhancement has scooped up a hybrid registered investment advisory team from Raymond James, where they managed over $376 million in assets under management. 

Glen Allen, VA-based Dickerson Jackson & Associates, founded in 2004, is led by managing partners Jeff Dickerson and Todd Jackson and includes two support members. 

Dickerson Jackson & Associates offers financial planning, investment management, retirement planning, estate and trust planning, business planning, risk management, fixed income services, and charitable giving strategies. 

The acquisition marks Wealth Enhancement’s 15th acquisition of the year and boosts the firm’s total assets under management to over $161.4 billion.  

Specific terms of the transaction, which closed on August 31, were not disclosed. 

“Over the years, we’ve had the privilege of supporting clients through many of life’s most meaningful moments and important financial decisions,” said Dickerson and Jackson. “Those experiences have reinforced our belief that wealth management is ultimately about helping people navigate change, pursue their goals, and make decisions with confidence.” 

Dickerson and Jackson bring nearly eight decades of combined industry experience to Wealth Enhancement, and both were registered with UBS and Wells Fargo before joining Raymond James’ independent advisor unit, Raymond James Financial Services in 2022, according to their BrokerCheck profiles. 

Wealth Enhancement’s latest addition comes merely weeks after the firm added Oklahoma-based RIA Servo Wealth Management, which manages over $210 million in total client assets. 

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

Pictured: Jeff Dickerson (Left) and Todd Jackson (Right)