Wealth Enhancement Group adds RIA managing $273 million

Financial advisor Ann Blakey and co-founders Todd Youngdahl and Maura Schauss.

Falls Church, Virginia-based Washington Wealth Advisors is led by Maura Schauss and Todd Youngdahl.

Wealth Enhancement Group, a Minneapolis-based firm with $60.8 billion in assets, said Wednesday that it’s acquired Washington Wealth Advisors, a registered investment advisor overseeing more than $273 million in assets for clients.

Washington Wealth Advisors, based in Falls Church, Virginia, was founded in 2001 by Maura Schauss. The firm is led by managing partners Schauss and Todd Youngdahl, and the team includes three advisors and four staffers.

“We see this partnership as an extension of our promise to each client to offer independent, trusted financial advice throughout their lifetime and an opportunity to deepen our client relationships,” Schauss said in a statement.

Last week, Wealth Enhancement Group acquired Legacy Financial Planning, a hybrid firm managing $371 million in client assets.