Wealth Enhancement Acquires $4.3B Marcum Wealth
Wealth Enhancement, a Minneapolis-based RIA, announced its acquisition of Marcum Wealth, a Cleveland, OH-based RIA managing $4.3 billion in client assets. This deal, set to close in May 2025, marks the second acquisition of the year and reinforces its aggressive growth strategy.
Founded in 2006, Marcum Wealth operates under the tagline “CEO of your money,” offering financial planning and wealth management for multi-generational families and business owners. Led by CEO Eric Wulff, its 17-person team spans 11 offices across the Midwest, Mid-Atlantic, New England, and Southeast. Pre-acquisition, it was tied to accounting firm Marcum LLP. Post-close, Marcum will operate under the Wealth Enhancement brand.
“The partners’ backgrounds within an accounting firm environment makes the team uniquely positioned to deliver advanced planning to complex clients, such as business owners and multi-generational families,” said Jeff Dekko, CEO of Wealth Enhancement.
Wealth Enhancement is backed by private equity firms Onex Partners and TA Associates. In June, it disaffiliated from LPL Financial after 17 years with the broker/dealer.
In February, the Minneapolis-based firm announced the acquisition of Capstone Wealth Advisors, LLC, a $618 million advisory group with offices spanning the Pacific Northwest. With the addition of Marcum Wealth, Capstone, and previously announced acquisitions, the firm has nearly $108 billion in assets under management.
Berkshire Global Advisors served as exclusive financial advisor to Marcum Wealth on the transaction.
