Wealth Enhancement Group expands in Denver with Ryan Financial acquisition

Wealth Enhancement Group expands in Denver with Ryan Financial acquisition
The nationwide independent wealth manager has been busy expanding its footprint during recent months.
JUL 10, 2023

Another registered investment advisor has been acquired by the growing nationwide Wealth Enhancement Group.

Ryan Financial Inc., a hybrid RIA located in Denver, Colorado, manages client assets of approximately $200 million. It was founded in 2000 by Robert Ryan, its CEO and is co-led by president Erik Anderson.

In joining Wealth Enhancement Group, its clients will benefit from a greater range of products and services.

"After 23 years as a private, independent firm, the partners and advisors at Ryan Financial Inc. are eager to join forces with Wealth Enhancement Group,” Ryan said. “We are aligned with the firm's values, and this partnership will allow us to offer our clients additional services through Wealth Enhancement Group's Roundtable team of specialists."

Wealth Enhancement Group has seen steady expansion during 2023n including its acquisition of New Era Financial Advisors Inc., a Minnesota-based hybrid that oversees $1.1 billion in client assets, BFS Wealth Management, a New Jersey firm overseeing $523 million, and Heacock & Jones Financial Services Inc. an independent registered investment advisor located in Iowa.

The firm now has more than 90 offices across the United States and manages more than $67.2 billion in total client assets.

"We are excited to announce that Ryan Financial, Inc. has chosen to join Wealth Enhancement Group," said Jeff Dekko, chief executive of Wealth Enhancement Group.

GROWING FIRM

The firm was founded in 1997 and was acquired in 2019 by global private equity firm TA Associates, which has U.S. offices in Boston and Menlo Park. Since 2021, it has been an equal equity partner with Canadian investment firm Onex.

Commenting on the firm’s latest acquisition, Jim Cahn, chief investments and business development officer, said: "We are excited to be expanding our presence in the Denver metro area. Robert, Erik and the team will help us accelerate growth in the market."

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.