Wealth Enhancement Group Acquires Georgia Hybrid RIA

Wealth Enhancement Group has acquired Foundational Wealth Advisory, LLC, a hybrid registered investment advisor, marking its third office in Georgia and 17th acquisition in 2023.

Led by Eric S. Wilson, Foundational Wealth Advisory focuses on wealth management services, including asset, liability, philanthropic, and estate planning for multi-generation families.

“In choosing to join Wealth Enhancement Group, our clients were at the center of our decision-making process. Wealth Enhancement Group’s expanded offerings and dedicated resources will enable us to serve our clients’ needs better, and we look forward to the partnership,” said Wilson.

Minneapolis-based Wealth Enhancement Group and its RIA, Wealth Enhancement Advisory Services now has more than $72.2 billion in client, advisory, trust, and brokerage assets.

The Foundational deal was the third in December 2023, which included the acquisition of Bowling Green, KY-based independent RIA Landmark Financial Advisors, LLC. The team, led by Bill Borders and Brent Mason, has $543 million in assets under management.

Wealth Enhancement also acquired Asset Management Resources, LLC, an independent RIA in Hyannis, MA with approximately $236 million in assets under management.

Park Sutton Advisors, a Waller Helms Company, acted as the exclusive financial advisor to Foundational Wealth Advisory.