Wealth Enhancement Group acquires $663 million hybrid

Pinnacle Private Wealth is based in Burlington, Massachusetts, and has a team of eight advisers.

Wealth Enhancement Group, a Minneapolis-based hybrid advisory firm overseeing $56 billion in assets, announced that it has acquired Pinnacle Private Wealth, a hybrid overseeing more than $663 million in assets.

Pinnacle is based in Burlington, Massachusetts. The team of eight advisers and two staffers is led by Myles Dudley and Daniel Cotton.

Pinnacle, founded in 2009, serves high-net-worth individuals and business owners.

Other recent Wealth Enhancement Group deals include its purchase of Titus Wealth Management, a hybrid RIA overseeing $776 million, in July; a deal for Hawkins Wealth Management, an RIA managing $574 million based in North Liberty, Iowa, and Naples, Florida, in June; and the purchase of Kings Point Capital Management, a $1.7 billion advisory firm based in Great Neck, New York, also in June.