WEG Betting on $900M Advisory Duo for First Las Vegas Office
Wealth Enhancement Group, a Plymouth, MN–based registered investment advisor with $69.2 billion in assets under management, has added a $900 million financial advisor duo who will open the firm’s first Las Vegas office.
Neal Rubin and John Geraghty had been with City National Rochdale for the past 19 and 17 years, respectively, according to their BrokerCheck records.
The pair had been dually registered as investment advisors with City National Rochdale and as brokers with CNR Securities but are now solely registered as investment advisors through WEG, their records show.
“For over two decades, Mr. Rubin has developed investment and planning strategies to help the most complex clients achieve their financial goals,” said Jeff Dekko, CEO of Wealth Enhancement Group. “I look forward to working with Mr. Rubin and Mr. Geraghty to expand their client offerings and build a presence in the Las Vegas marketplace.”
WEG, founded in 1997, serves more than 53,000 households from 90 offices around the country. It has been steadily acquiring other RIA firms, including several billion-dollar-plus RIAs in recent months, such as Equius Partners in Northern California and Minnesota-based New Era Financial Advisors.
Last month, it acquired Colorado-based hybrid RIA Ryan Financial, which has more than $200 million in client assets.
WEG is backed by private equity firms TA Associates and Onex Corp.