Wealth Enhancement Group Buys $150M Local RIA 

Wealth Enhancement Group, a Minneapolis-based independent wealth manager, acquired Retirement Advisory Group, a $150 million hybrid RIA in Eden Prairie, MN.  

The team of three financial advisors and two employees is led by founder Terry Kerber. 

“The (Retirement Advisory Group) team will be able to take advantage of additional resources and support as their business continues to grow.  Both of our firms are focused on putting clients and their families in the best position to achieve their financial goals,” said Jeff Dekko, CEO of Wealth Enhancement Group. 

The addition of Retirement Advisory Group marks the 15th location in Minnesota for Wealth Enhancement Group and the 13th this year. 

In October, Wealth Enhancement Group acquired KCS Wealth Advisory, a Los Angeles-based independent RIA with about $373 million in assets. In August, the wealth manager scooped up First Capital Advisors Group, LLC, a $341 million hybrid RIA with offices in Little Silver, NJ and Blue Bell, PA. 

Wealth Enhancement Group and its RIA, Wealth Enhancement Advisory Services, now has over $68.3 billion in client assets following the acquisition, including $4 billion of brokerage assets held at LPL Financial, as of September 30.