Wealth Enhancement Group announces new leaders as client assets surpass $81B

Wealth Enhancement Group announces new leaders as client assets surpass $81B
BlackRock's former head of income investing is among the appointments.
APR 09, 2024

Wealth Enhancement Group announced some executive leadership appointments as it also celebrates surpassing $81 billion in client assets.

The nationwide wealth management firm has also seen growth in strategic markets across the U.S. including recent additions to firms using its RIA platform in Florida and Massachusetts with combined client assets of almost half a billion dollars.

Former chief investments and business development officer, Jim Cahn, becomes chair of the firm’s investment committee and chief strategy officer with a brief including helping drive inorganic growth and enhancements to WEG’s investment platform, and contributing to firm-level strategy.

"Our strategic focus on fostering both inorganic and organic growth continues to attract RIAs who seek to accelerate their growth by leveraging Wealth Enhancement's growth platform,” said Cahn. “Firms that join us find they can offload certain central administrative functions and devote more time to servicing existing clients and expanding their practice."

Michael Fredericks is joining the executive leadership team as chief investment officer. He was previously managing director and head of income investing at BlackRock, where he was key to establishing and growing its $32 billion multi-asset strategies and solutions group. As well as ensuring that financial advisors have the highest quality investment choices for their clients, he will drive the investment process for portfolios managed by Wealth Enhancement Advisory Services.

Finally, the firm’s new chief product officer is Dan Stampf, whose career spans advisory services through to launching and scaling new product offerings at Empower, Personal Capital, and Fisher Investments.

"Reaching these significant milestones underscores our commitment to providing best-in-class financial advice and expanding our reach to serve more individuals,” said CEO Jeff Dekko. “Our growth trajectory continues this year, and we are eager to progress forward as a leading RIA platform."

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

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.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

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.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities 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.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

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.