Wealth Enhancement Acquires $464M Wise Wealth  

Wealth Enhancement has acquired Missouri-based RIA Wise Wealth, which oversees about $464 million in client assets. 

Wise Wealth, founded in 2007, is led by president and founder Stephen Stricklin and includes six financial advisors and six support members.  

The team offers financial planning, wealth management, legacy planning, investment management, tax planning, and retirement planning to pre-retirees and retirees. The RIA has offices across Missouri in Lee’s Summit, Rolla, and Liberty. 

Wealth Enhancement’s latest addition marks the firm’s 100th acquisition and brings its total assets under management to over $125 billion, the firm said. 

As part of the acquisition, Wise Wealth will be functioning as the GSEL Team at Wealth Enhancement, a company spokesperson said to Connect Money. 

“Stephen Stricklin has built an exceptional practice that embodies the same client-first philosophy we value deeply,” Jim Cahn, chief strategy officer at Wealth Enhancement, said. “By joining forces, we’re able to offer the Wise Wealth team access to additional resources – all designed to help clients pursue their goals with confidence.” 

Financial terms of the transaction, which closed on October 31, were not disclosed. 

Stricklin is also the co-founder of Bright Portfolios, an investment management shop that supports clients in managing their portfolios. Stricklin co-founded Bright Portfolios in 2017 withhis business partner Ben Malick. 

Bright Portfolios is not a party to the acquisition of Wise Wealth and will remain independent from Wealth Enhancement, the spokesperson said. 

For the deal, Hue Partners served as advisor to Wise Wealth. 

In August, Wealth Enhancement acquired Gilbert, AZ-based Manwaring Wealth, which manages more than $164 million in client assets.

Pictured: Wise Wealth