DJIA38904.04 307.06
S&P 5005204.34 57.13
NASDAQ16248.52 199.44
Russell 20002060.10 8.70
German DAX18163.94 -238.49
FTSE 1007911.16 -64.73
CAC 408061.31 -90.24
EuroStoxx 505013.35 -57.20
Nikkei 22538992.08 -781.06
Hang Seng16723.92 -1.18
Shanghai Comp3069.30 -5.66
KOSPI2714.21 -27.79
Bloomberg Comm IDX102.90 0.64
WTI Crude-fut91.17 0.01
Brent Crude-fut86.57 1.15
Natural Gas1.79 0.00
Gasoline-fut2.79 -0.01
Gold-fut2345.40 33.50
Silver-fut27.50 0.46
Platinum-fut940.60 -5.50
Palladium-fut1007.40 -23.60
Copper-fut423.60 1.85
Aluminum-spot1815.00 0.00
Coffee-fut212.50 5.75
Soybeans-fut1185.00 5.00
Wheat-fut567.25 11.00
Bitcoin67976.00 304.00
Ethereum USD3328.10 56.27
Litecoin98.71 0.69
Dogecoin0.18 0.00
EUR/USD1.0862 0.0007
USD/JPY151.72 -0.02
GBP/USD1.2678 0.0016
USD/CHF0.9044 -0.0014
USD IDX104.28 0.08
US 10-Yr TR4.4 0.091
GER 10-Yr TR2.406 0.007
UK 10-Yr TR4.064 -0.005
JAP 10-Yr TR0.771 -0.004
Fed Funds5.5 0
SOFR5.32 0

Sub Markets

Topics

Financial Advisory  + RIAs & Financial Advisors  | 
Wealth Enhancement Continues West Coast Expansion, Adds $190M Hybrid-RIA

Serial RIA Acquirer Wealth Enhancement Group Buys $273M Washington Wealth Advisors

The buying spree continues for Wealth Enhancement Group (WEG) with the acquisition of Falls Church, VA-based Washington Wealth Advisors, a $273 million independent registered investment advisor (RIA). 

Led by Founder and Managing Partner Maura Schauss, CFP® and Managing Partner Todd Youngdahl, CFP®, Washington Wealth focuses on financial planning, investment management, retirement planning, education planning and tax saving strategies. 

Minneapolis-based WEG has added more than $1 billion to its assets under management in just under two months with the acquisitions of Legacy Financial Planning, a hybrid RIA with over $371 million in assets; BFS Wealth Management, another hybrid RIA with over $523 million in assets and Ginsburg Financial Advisors, Inc., an Independent RIA with over $237 million in assets. 

With the addition of previously announced acquisitions and the acquisition of Washington Wealth Advisors, Wealth Enhancement Group has more than $60.8 billion in client, advisory, trust and brokerage assets.   

Led by chief executive Jeff Dekko, WEG is backed by private equity firms TA Associates and Onex Corporation.  

Connect

Inside The Story

Wealth Enhancement Group

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

New call-to-action