Wealth Enhancement announced plans to acquire Wealth Advocates, a hybrid RIA based in Logan, Utah, overseeing more than $476 million in client assets. The firm is led by Wealth Manager John Mickelson and provides comprehensive investment, tax, estate, insurance, and income-planning services. Wealth Advocates has built a strong niche serving business owners, retirees, and employees of major regional employers including the State of Utah, Intermountain Healthcare, Northrop Grumman, and Utah State University. 

“We are pleased to welcome John and his team as we continue to broaden both our national footprint and presence in Utah—a high-growth market—in service of helping more families achieve their financial goals,” said Jeff Dekko, CEO of Wealth Enhancement. 

Mickelson said the partnership will elevate client service through enhanced scale and resources: “By leveraging Wealth Enhancement’s proven systems and processes, we can help clients optimize their financial lives and pursue their goals with greater clarity and confidence.” 

The acquisition is expected to close on December 31, 2025. 

The deal extends a busy acquisition streak for Minneapolis-based Wealth Enhancement. Recent transactions include Ohio’s L.M. Kohn & Company ($2.2B in assets); Indiana’s FPG Private Wealth ($532M in assets), Idaho-based Guidance Wealth ($165M in assets), and Wise Wealth in Missouri ($464M in assers), underscoring the firm’s commitment to strategic growth in key regional markets.  

With previously announced acquisitions and the addition of Wealth Advocates, Wealth Enhancement is expected to oversee more than $131.7 billion in client advisory, trust, and brokerage assets.