Wealth Enhancement Buys $1.3B Hybrid RIA 

Wealth Enhancement Group has acquired Levy Wealth Management Group, LLC, a hybrid registered investment advisor (RIA) that manages over $1.3 billion in client assets. 

Led by president, Victor Levy, COO and wealth advisor, Michael Clatterbuck, and wealth advisor, Joseph Robostello, the firm was formed from Leon L. Levy and Associates, a life and disability insurance brokerage firm founded by Victor Levy’s father, Leon L. Levy, in 1972. 

The Philadelphia-based firm caters to health care professionals, business owners, and multi-generational families with wealth management and tax, estate and holistic financial planning. Levy Wealth Management Group will operate as the Levy-Clatterbuck-Robostello Team. 

“As we continue to grow our east coast presence, we’re excited to be joined by Victor and his team at Levy Wealth Management Group,” said Jim Cahn, CSO of Wealth Enhancement Group. “With their mission of helping clients integrate aspects of their financial life to achieve their goals, we are confident this will be a mutually beneficial partnership.” 

Wealth Enhancement Group has had a busy summer of acquisitions. 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. 

In June, the Minneapolis-based firm acquired Gavin Financial Group, a Michigan-based RIA that oversees more than $658 million in client assets 

With the addition of Levy Wealth Management Group, Wealth Enhancement Group has more than $90.5 billion in client, advisory, trust, and brokerage assets.