Wealth Enhancement Acquires $82M Ohio RIA Shop
Wealth Enhancement has announced the acquisition of Danison & Associates, Inc., an independent RIA in Columbus, Ohio managing more than $82 million in assets. The acquisition closed on December 31, 2024, and marks Wealth Enhancement’s 20th closed transaction of 2024.
The Danison & Associates team of two advisors and two support staff is led by Dean Danison, president, and Tracey Danison, VP. The firm specializes in wealth management and financial planning for individuals and small businesses.
Jeff Dekko, CEO of Wealth Enhancement, said, “We are so pleased that Danison & Associates is joining Wealth Enhancement. With access to our centralized planning, estate, tax, and trust services, we are confident that the team will continue to thrive and achieve even greater success.”
The Danison & Associates deal comes on the heels of Wealth Enhancement’s announcement early this week that it acquired The Scribner Team, a Boston-based hybrid investment advisory firm that oversees more than $111 million in client assets. The transaction also closed on December 31, 2024.
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 over $103 billion, including the latest acquisition, since selling a majority share to Lightyear Capital in 2015.
