Wealth Enhancement Group and Corient are pushing forward on their expansion strategies as each firm welcomes a new RIA partner to its network.
On Thursday, Wealth Enhancement revealed its first partnership of 2025 with the Capstone Team from Capstone Wealth Advisors, a Pacific Northwest-based advisory group with more than $618 million in client assets.
The Capstone Team, founded in 2012, consists of six advisors and five support staff, led by senior financial advisor Ryan Skogstad. With an institutional approach, the team provides investment, tax, and estate planning services to a diverse client base, including retirees, business owners, and professional athletes.
“We are thrilled to welcome the Capstone Team to our firm,” Jeff Dekko, chief executive officer of Wealth Enhancement, said in a statement Thursday. “Our teams have a shared commitment to holistic financial planning and a dedication to meeting the unique needs of each client.”
WEG has established itself as a prolific dealmaker in the RIA space. According to Echelon's most recently published RIA M&A deal report, the firm announced 18 deals in 2024. Collectively, those partnerships amounted to more than $10 billion in client assets acquired.
Meanwhile, Corient is enhancing its presence in the Northeast as it snaps up Rootstock Advisors, a Pennsylvania-based RIA that manages approximately $600 million in assets.
Corient’s acquisition of Rootstock expands its presence in the Pittsburgh region and strengthens its family office services. Rootstock offers investment management, estate planning coordination, philanthropic strategy, and tax oversight, catering to a select group of high-net-worth and ultra-high-net-worth families.
“By joining Corient, we gain access to the expertise, resources, and support of a leading national wealth firm, which enables us to do more for clients,” Rootstock President Greg Simpson said Thursday. “Corient’s unique Private Partnership was a critical factor in our decision to join.”
Kurt MacAlpine, partner and CEO of Corient, highlighted Rockport's ultra-high-net-worth expertise and "commitment to providing bespoke family office-style solutions.
“We share a commitment to acting as trusted fiduciaries, providing solutions that prioritize clients’ interests and simplify the challenges of managing significant wealth," MacAlpine said. "Together, we’re focused on exceeding client expectations, helping families navigate financial complexities and building enduring legacies for the future.”
Corient’s latest move marks its third acquisition in recent months, following deals involving Geller & Company’s multi-family office business in New York City and H.M. Payson & Co, in Maine. The transactions come after CI Financial, its Canadian parent company, announced it would be transitioning to private ownership under Mubadala Capital.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
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