Wealth Enhancement Group, a $63.8 billion hybrid registered investment advisor, said Wednesday it had made its fourth acquisition of 2023, this time buying the firm Equius Partners Inc., an RIA based in suburban San Francisco with $1.1 billion in client assets, according to its Form ADV.
Equius Partners was founded in 1993 and its team of seven financial advisors and five support staff is led by Thomas "TJ" Troutner. Terms of the deal were not disclosed.
"By expanding our presence in important markets such as Northern California, we are better positioned to deliver exceptional service and support to our clients while living our values and fostering a culture of teamwork," Jeff Dekko, CEO of Wealth Enhancement Group, said in a statement.
DeVoe & Co. advised Equius Partners on the deal.
Kenneth Leech pleaded guilty in June to one obstruction charge, and could face six to 12 months in prison.
Launch of Direct AI follows a model portfolio tie-up with Envestnet as advisors juggle AI adoption and private-market due diligence.
Meanwhile, Cetera's streak of Commonwealth recruitment continues in Washington, and an LPL advisor hops over to Raymond James in Maine.
The Sussex County wealth firm, built around business-owner clients, extends the California-based aggregator's footprint in the East Coast.
The Kestra-owned RIA acquirer merges the planning firm into KDI Wealth Management, creating a majority woman-led advisor team
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
