Wealth Enhancement Group acquires Joyn Advisors

Wealth Enhancement Group acquires Joyn Advisors
The acquisition of the RIA adds $1.3 billion to the national firm’s $17 billion in AUM
FEB 21, 2020
Wealth Enhancement Group, a Plymouth, Minn.-based wealth firm overseeing $17 billion in assets, is acquiring Atlanta-based Joyn Advisors, a registered investment adviser that manages $1.3 billion. The transaction is expected to close by April 1. DeVoe & Co. assisted Joyn in the acquisition process. Joyn has 35 employees, including 12 advisers. It will be Wealth Enhancement's 32nd office. Last year, Lightyear Capital, the private equity firm founded by the late Donald Marron that had been a majority owner of Wealth Enhancement Group since 2015, sold its stake in the firm to TA Associates.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

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.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave