Wealth Enhancement Group, a Minneapolis-based hybrid advisory firm overseeing $57 billion in assets, said Thursday that it has acquired Sadoff Investment Management, a registered investment advisory firm managing $1.6 billion in assets.
Milwaukee, Wisconsin-based Sadoff was founded in 1978 by Ronald Sadoff. It has three advisers, Ronald, Bryan and Michael Sadoff, and three staff members.
This is Wealth Enhancement Group’s ninth deal this year, following the acquisition of $663 million Pinnacle Private Wealth in Burlington, Massachusetts, which was announced last week, and its purchase of Titus Wealth Management, a hybrid RIA overseeing $776 million, in July.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
