Wealth Enhancement Group acquires $265M independent RIA

Wealth Enhancement Group acquires $265M independent RIA
Firm expands footprint with fourth Massachusetts office.
DEC 20, 2023

Wealth Enhancement Group has expanded again with the acquisition of a $236 million independent RIA in Hyannis, Massachusetts.

Asset Management Resources, led by J. Christopher Boyd, was founded 15 years ago and provides financial planning, wealth management, and portfolio management for those nearing or in retirement.

"We are excited for our clients and community to benefit from our partnership and the extensive depth of services and talent available at Wealth Enhancement Group,” Boyd said. “We envision providing the best of our organizations – our local office's intimate personal client experience with the benefits and depth of scale of one of the nation's largest and fastest growing registered investment advisor firms."

Wealth Enhancement now has four offices in Massachusetts and more than 100 nationwide, with more than $71.7 billion in client, advisory, trust, and brokerage assets.   

"We are thrilled to have the Asset Management Resources team join our firm. They are a hardworking team whose values are aligned with our firm’s values,” commented Jeff Dekko, chief executive of Wealth Enhancement Group. “Both of our firms are committed to helping people achieve their goals by creating a better financial services approach centered completely around our clients. We are excited to bring Chris and his team on board.”

The firm has seen continued growth through acquisitions in 2023, including a $373 million firm in Los Angeles and a $1.1 billion Minnesota-based hybrid.

Latest News

Two RIA firms welcome former UBS senior vice presidents as advisors
Two RIA firms welcome former UBS senior vice presidents as advisors

Industry veterans make the move to expanding firms.

Half of retirees reveal they saved less than they need for their retirement
Half of retirees reveal they saved less than they need for their retirement

Credit card balances have increased as spending beats expectation.

US stocks saw $20B inflows following election result
US stocks saw $20B inflows following election result

BofA says it was the biggest single day gain in five months.

Bond traders focus on Trump rather than Fed cuts
Bond traders focus on Trump rather than Fed cuts

Markets wanted greater signals on Fed's future moves.

Trump Trades are all very well, but what about policies?
Trump Trades are all very well, but what about policies?

Investors ease up and ponder what new president will actually do.

SPONSORED Out with the old and in with the new: a 50% private markets portfolio

A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.

SPONSORED Destiny Wealth Partners: RIA Team of the Year shares keys to success

Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.