Wealth Enhancement has expanded its community by becoming a member of forces with Ascent Personal Wealth, a hybrid RIA headquartered in Spartanburg, South Carolina.
Ascent manages over $240m in shopper belongings. The enterprise has a crew of two advisers and one assist employees.
Its addition has elevated Minneapolis-based Wealth Enhancement’s complete shopper advisory, belief and brokerage belongings to greater than $132.7bn.
The enterprise marks the fourth South Carolina web site for Wealth Enhancement.
Wealth Enhancement CEO Jeff Dekko stated: “Our partnership with Ascent Personal Wealth displays our continued dedication to partnering with corporations that share our values and client-first mindset. We’re excited concerning the depth of data the Ascent Personal Wealth crew brings, significantly in serving enterprise homeowners and navigating the complexities of generational wealth.”
Ascent, led by Steve Ford, was established in 2002 to ship monetary planning and funding providers, largely to enterprise homeowners and entrepreneurs.
Ford stated: “After months of considerate consideration, we decided that Wealth Enhancement was the precise strategic associate for our agency. Not solely are they a wonderful cultural match, however in addition they deliver the size, assets, and forward-thinking strategy wanted to raise our providers to the following stage.”
Williams Personal Wealth Advisory and Consulting was the adviser to Ascent for the transaction.
Earlier this month, Wealth Enhancement introduced the acquisition of unbiased RIA AEGIS Monetary, working in Oshkosh, Milwaukee, and Appleton within the US state of Wisconsin.
The acquisition added over $468m in shopper belongings to Wealth Enhancement.
Lately, the corporate additionally acquired Spectrum Wealth Administration, an RIA primarily based in Irvine, California, together with its affiliated licensed public accounting agency Putman Group.
The deal added over $182m in shopper belongings to the group, whereas bringing in a crew comprising an adviser, 14 monetary professionals, and 5 assist employees.
“Wealth Enhancement expands with addition of Ascent Personal Wealth” was initially created and printed by Personal Banker Worldwide, a GlobalData owned model.
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