Wealth Enhancement has acquired an Indiana-based hybrid registered investment advisor, which oversees about $532 million in client assets.    

FPG Private Wealth, which was founded in 2002, was formerly with Osaic Wealth’s affiliate Financial Partners Group, and has locations across Indiana in Carmel and Lafayette.  

The team is led by SVPs Andrew Moulton and Timothy Johnston, and financial advisor Don Penn, and offers “comprehensive” wealth management, asset-based lending solutions to high-net-worth clients, in support of its “plan, prosper, and protect” framework. 

The transaction, which closed on November 30, marks Wealth Enhancement’s first location in the Indianapolis market and boosts the RIA’s assets under management to over $127.8 billion, the firm said. 

“We are delighted to welcome the FPG Private Wealth team, marking our first office location in the greater Indianapolis market,” Jim Cahn, chief strategy officer of Wealth Enhancement, said. “Their commitment to client success and strong regional presence make them a great addition to our firm.” 

Recently, Wealth Enhancement acquired Elkhart, ID-based Guidance Wealth, which oversees more than $165 million in client assets, boosting its Midwest presence. 

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