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Direct Investment  + Financial Advisory  + M&As  + RIAs & Financial Advisors  + Wealth Management  |  June 11, 2024
Wealth Enhancement Group Acquires $658M Michigan RIA
By: Joe Palmisano

Wealth Enhancement Group Acquires $658M Michigan RIA 

Wealth Enhancement Group, a national independent wealth management firm, has acquired a Michigan-based registered investment advisory firm that oversees more than $658 million in client assets, marking its first footprint in the Great Lakes state. 

Gavin Financial Group, based in Midland, was founded in 1996 and services pre-retirees, retirees and high-net-worth families in the Great Lakes Bay Region, according to the firm. The team of five managers is led by owner and financial advisor, Michael Gavin. 

“We are delighted to announce the addition of Gavin Financial Group and expansion in the Michigan area. The team offers comprehensive planning to a variety of clients, and their focus on the fine details of someone’s life aligns with our detailed planning approach,” said Jeff Dekko, CEO of Wealth Enhancement Group. 

The addition of Gavin Financial Group marks Wealth Enhancement Group’s sixth acquisition of 2024. The firm’s recent acquisitions include The Financial Advisory Group, a Houston-based RIA with $1.2 billion in client assets, and Lynch Retirement Investment Group, a Maryland-based hybrid RIA with over $502 million in client assets. 

Wealth Enhancement Group, along with Mercer Advisors and Captrust Financial Advisors, was one of the three most active RIA acquirers in 2023, according to Echelon Partners research released in January. 

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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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