Wealth Enhancement Group, a Minneapolis-based hybrid registered investment adviser, has acquired Macro Consulting Group, a Parsippany, New Jersey-based hybrid managing $900 million.
After the close of the transaction, terms of which were not disclosed, Wealth Enhancement Group’s assets under management are expected to exceed $35.5 billion, the company said in a release.
Mark Cortazzo, who founded the now 24-person firm in 1992 and led it with Nick Spagnoletti, will join Wealth Enhancement Group. Both Cortazzo and Spagnoletti have more than 30 years of experience.
The firm will operate under the Wealth Enhancement Group brand as the Macro Team.
"Im glad to see that from a regulatory perspective, we're going to get the ability to show we're responsible [...] we'll have a little bit more freedom to innovate," Farther co-founder Brad Genser told InvestmentNews.
Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.
Taking a systematic approach to three key practice areas can help advisors gain confidence, get back time, and increase their opportunities.
Meanwhile, Osaic lures a high-net-worth advisor from Commonwealth in the Pacific Northwest.
The deals, which include its first stake in Ohio, push the national women-led firm up to $47 billion in assets.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
