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Financial Advisory  + RIAs & Financial Advisors  | 
Wealth Enhancement Group Continues West Coast Buying Spree, Adds $1B RIA

Wealth Enhancement Group Continues West Coast Buying Spree, Adds $1B RIA

Wealth Enhancement Group continues its growing West Coast presence with the acquisition of $1 billion independent registered investment advisor Equius Partners, Inc.; it’s the 12th deal and the second in just a week in Northern California for the serial RIA acquirer. 

Financial terms of the deal were not made available. 

“By expanding our presence in important markets such as Northern California, we are better positioned to deliver exceptional service and support to our clients while living our values and fostering a culture of teamwork,” said Jeff Dekko, chief executive officer of Wealth Enhancement Group. 

“We went through an exhaustive search of potential partners, and Wealth Enhancement Group checked all the right boxes,” added Chief Executive Officer of Equius Partners, Thomas (TJ) Troutner. 

Seven advisors and five support staffers will join WEG through the transaction. 

Plymouth, MN-based Wealth Enhancement, with more than $63.8 billion in client assets, is backed by private equity firms TA Associates and Onex Corporation. The company has made four RIA acquisitions so far this year. 

DeVoe & Company served as Equius’s M&A advisor. 

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Wealth Enhancement Group

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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