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Direct Investment  + Financial Advisory  + M&As  + Wealth Management  |  April 30, 2024
Creative Planning Acquires $2.2B Texas RIA
By: Joe Palmisano

Wealth Enhancement Buys $502M Hybrid RIA  

Wealth Enhancement Group, an independent wealth management firm with nearly $82 billion in client assets, has acquired Lynch Retirement Investment Group, a hybrid registered investment advisor (RIA) with over $502 million in client assets. 

The deal marks Wealth Enhancement Group’s fourth location in Maryland.  

The team of three financial advisors and three support staff, who were previously affiliated with Raymond James for brokerage and advisory services, is led by senior advisor John Lynch. 

Founded in 1990, the Columbia, MD-based firm offers financial planning, asset and wealth management, longevity planning, retirement planning, tax planning, and estate planning. 

“We are proud to welcome John Lynch and the Lynch Retirement Investment Group team to Wealth Enhancement Group. Their commitment to integrity, innovation, and providing comprehensive financial services makes them a natural fit for our firm,” said Jeff Dekko, CEO of Wealth Enhancement Group. 

This is the third acquisition by Minneapolis-based Wealth Enhancement Group in 2024. In April, the firm acquired Piermont Wealth Management Inc., an independent RIA with offices in Boca Raton, FL and Melville, NY that manages over $226 million in client assets. In January, it bought Foundational Wealth Advisory, LLC., a hybrid RIA, marking its third office in Georgia. 

As one of the most active RIA acquirers in recent years, WEG completed 18 transactions last year, 14 in 2022, and 16 in 2021. 

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Inside The Story

Wealth Enhancement GroupLynch Retirement Investment Group

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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