Wealth Enhancement Group Buys $254M RIA
Wealth Enhancement Group, a Minneapolis-based independent wealth management firm with more than $85.3 billion in client assets has added its sixth location in Texas with the acquisition of The Woodlands-based Starfox Financial Services, LLC, an independent RIA that manages over $254 million in client assets.
The Starfox Financial Services team is led by founding partner and wealth advisor, Jose Palafox and partner and wealth advisor, Bill Friebel. Founded in 2006, the firm provides financial, retirement and college planning, investment management, and retirement income planning. The team serves professionals, business owners, retirees and their families.
This strategic partnership aligns with our philosophy of prioritizing client focus and continuous growth,” said Palafox. “We anticipate enhancing the resources for our clients, particularly in the areas of estate and tax planning.”
Last month, Wealth Enhancement made its first deal in Michigan with the acquisition of Gavin Financial Group, a $658 million Michigan-based registered investment advisory firm. In May, the firm acquired The Financial Advisory Group, a Houston-based advisory firm with $1.2 billion in assets. The firm has completed 48 deals since 2021.