Wealth Enhancement Acquires $111M Boston RIA 

Wealth Enhancement has acquired the Scribner Team, a Boston-based hybrid investment advisory firm that oversees more than $111 million in client assets. The deal, which closed on December 31, 2024, marked the serial RIA acquirer’s 19th closed transaction of the year. 

The Scribner team is led by Mark Scribner, founder and CEO, Michelle Scribner, director of operations, and John Vassello, director of client services. The team has extensive experience in working with C-suite executives, high-net-worth and ultra-high-net-worth individuals, retirees, and business owners, especially in areas such as exit planning. 

“Our latest partnership with the Scribner Team allows us to expand our firm’s presence in the strategically important Northeast region,” said Jeff Dekko, CEO of Wealth Enhancement. “Mark Scribner and his team embody the qualities we look for in a partner including a strong focus on comprehensive financial planning, an unwavering commitment to client success, and a shared vision for growth.” 

The Scribner Team deal concluded an active 2024 for Minneapolis-based Wealth Enhancement. In October of last year, the firm acquired FinTrust Capital Advisors LLC, a Greenville, SC-based hybrid RIA with more than $2.39 billion in client assets.  

In September, the firm acquired Levy Wealth Management Group, LLC, a hybrid RIA that manages over $1.3 billion in client assets. In July, the firm added $649 million in assets with the purchases of Rock House Financial, a Utah-based independent RIA that oversees more than $272 million in assets, Peak Financial Serivices, a $123 million Massachusetts-based hybrid RIA, and Starfox Financial Services, The Woodlands Texas-based independent RIA that manages $254 million.    

Wealth Enhancement Group, founded in 1997, has expanded its assets under management from $4 billion to $102.9 billion, including the latest acquisition, since selling a majority share to Lightyear Capital in 2015.