Wealth Enhancement Group has expanded its portfolio by integrating Lynch Retirement Investment Group, a hybrid RIA based in Columbia, Maryland.
With its latest acquisition, the national wealth management firm welcomes a team of three financial advisors and three support staff members. It’s also adding approximately $502 million in client assets, thickening its book to $81.9 billion.
"We are proud to welcome John Lynch and the Lynch Retirement Investment Group team to Wealth Enhancement Group,” Jeff Dekko, CEO of Wealth Enhancement Group, said in a statement. “Their commitment to integrity, innovation, and providing comprehensive financial services makes them a natural fit for our firm.”
Since its establishment in 1990, Lynch Retirement Investment Group has been recognized for its wide array of financial services including financial planning, asset management, and estate planning. The team, boasting over 50 years of combined experience, has established a reputable profile for its dedication to personalized client service.
John Lynch, senior advisor at Lynch Retirement Investment Group, expressed optimism about the new opportunities arising from this partnership.
"By partnering with Wealth Enhancement Group, our team will gain access to more resources and services to better serve our clients. Together we are stronger," said Lynch, a four-decade veteran of the industry, who’s joining the firm from Raymond James.
Jim Cahn, chief strategy officer at Wealth Enhancement Group, also welcomed the merger.
"We are thrilled to welcome the Lynch team to our firm, and our combined strengths will foster an even more robust and comprehensive financial planning environment," said Jim Cahn, who was appointed to the strategy chief position along with other leadership moves at the firm earlier this month.
The merger marks the fourth expansion of Wealth Enhancement Group into Maryland, indicating a strategic enhancement of their presence in the region and an ongoing commitment to growth and client service excellence.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
