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.