Wealth Enhancement Group, a Minneapolis, Minnesota-based hybrid firm that oversees $20.3 billion, has acquired 10-15 Associates, an independent registered investment adviser managing $923 million and headquartered in Goshen, New York.
The firm has additional offices in Fishkill and Tarrytown, New York, adding to Wealth Enhancement’s footprint in the New York metropolitan area.
Founded in 1986 by Deborah DeMatteo and Michael DeMatteo, 10-15 Associates has grown to include 16 employees, including seven financial advisers.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
