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."
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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
