Wealth Enhancement Group has expanded again with the acquisition of a $236 million independent RIA in Hyannis, Massachusetts.
Asset Management Resources, led by J. Christopher Boyd, was founded 15 years ago and provides financial planning, wealth management, and portfolio management for those nearing or in retirement.
"We are excited for our clients and community to benefit from our partnership and the extensive depth of services and talent available at Wealth Enhancement Group,” Boyd said. “We envision providing the best of our organizations – our local office's intimate personal client experience with the benefits and depth of scale of one of the nation's largest and fastest growing registered investment advisor firms."
Wealth Enhancement now has four offices in Massachusetts and more than 100 nationwide, with more than $71.7 billion in client, advisory, trust, and brokerage assets.
"We are thrilled to have the Asset Management Resources team join our firm. They are a hardworking team whose values are aligned with our firm’s values,” commented Jeff Dekko, chief executive of Wealth Enhancement Group. “Both of our firms are committed to helping people achieve their goals by creating a better financial services approach centered completely around our clients. We are excited to bring Chris and his team on board.”
The firm has seen continued growth through acquisitions in 2023, including a $373 million firm in Los Angeles and a $1.1 billion Minnesota-based hybrid.
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The SEC-registered RIA advises on more than $1 billion in client assets, with no advisory fee through 2027 and no human financial advisors.
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