Wealth Enhancement adds new leaders after 'remarkable growth' in 2023

Wealth Enhancement adds new leaders after 'remarkable growth' in 2023
The firm has been expanding fast in the first half of the year including several acquisitions.
AUG 14, 2023

The first half of 2023 boosted the assets under management at Wealth Enhancement Group by $7.6 billion to more than $68 billion, helped by several sizeable acquisitions.

Now the national independent wealth management firm has announced some new members of its executive leadership team as it eyes continued growth and recognizes the importance of its advisor teams, business process transformation, new client acquisition, and legal and compliance principles.

They include Dawn Elmore who is promoted to senior vice president of business process transformation; Michelle Brownstein, CFP, who joins the firm as chief new client development officer from Empower; and Craig Erickson, also from Empower, who senior vice president of brand and creative.

Chief compliance officer Elizabeth Hansen, and chief legal officer Bill Rice also join the executive leadership team.

"Wealth Enhancement has seen a remarkable amount of growth, both through M&A and organic initiatives,” said CEO Jeff Dekko. “We are thrilled to announce the addition of exceptional new executives to our firm, whose expertise and vision will fuel our continued growth and success. With these additions, clients will benefit from a more robust and personalized service offering, while advisors gain a stronger platform for growth."

TOP ACQUIRER

Wealth Enhancement Group was named the most active acquirer in Echelon’s second quarter RIA M&A Deal Report.  

"I am immensely proud of Wealth Enhancement's remarkable achievements in both M&A activity and organic growth,” said Jim Cahn, chief investments & business development officer of Wealth Enhancement. “Our organic growth platform continues to entice more acquisition opportunities from growth-minded advisors. Wealth Enhancement's strategic vision, coupled with the dedication and expertise of our team, has positioned us as one of the nation's leading RIA growth platforms."

The firm’s clients have invested 31% more new money year-over-year in the first half of 20223, while net flows invested are up +13% year-over-year.

Latest News

JPMorgan tells fintech firms to start paying for customer data
JPMorgan tells fintech firms to start paying for customer data

The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.

FINRA snapshot shows concentration in largest firms, coastal states
FINRA snapshot shows concentration in largest firms, coastal states

The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.

Why advisors to divorcing couples shouldn't bet on who'll stay
Why advisors to divorcing couples shouldn't bet on who'll stay

Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.

SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives
SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives

With more than $13 billion in assets, American Portfolios Advisors closed last October.

William Blair taps former Raymond James executive to lead investment management business
William Blair taps former Raymond James executive to lead investment management business

Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.

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.