Bringing you live news and features since 2006 

Wealth Enhancement Group acquires USD320m hybrid RIA Financial Wealth Management

RELATED TOPICS​

Independent wealth management firm Wealth Enhancement Group has acquired Financial Wealth Management, a hybrid registered investment adviser (RIA) based in Madison, Wisconsin, with approximately USD320 million in client assets. Upon the closing of this transaction, Wealth Enhancement Group expects to approach USD26 billion in client assets.

The acquisition brings Wealth Enhancement Group yet another location in the state of Wisconsin, adding to current offices in Clinton and Green Bay, and the three offices in Appleton, Milwaukee and Madison that it will add through the upcoming acquisition of SVA Financial Group announced last week. The move demonstrates the company’s continued focus on executing on its strategy of broadening its footprint in key regions across the country, and further solidifies its position as a leading national wealth management and financial planning brand.

Financial Wealth Management consists of the father-son advisor team of Founder Dan Hyland and Senior Vice President Kyle Hyland. The practice offers comprehensive wealth management services, including retirement and financial planning for individuals and small businesses.

Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group, says: “Over the course of nearly 40 years in the wealth management industry, Dan Hyland has built a robust business based on his experience and commitment to clients, and we are honoured to welcome him and his team to the Wealth Enhancement Group family. This acquisition further strengthens our footprint in the Midwest, where, starting from our home base in Minnesota, we have been adding to our locations at a steady pace, selectively adding high-quality practices whose cultures and goals align with our own. Dan, Kyle and their team are exactly the sort of professionals we relish the chance to work with, and we look forward to supporting them with our centralised wealth management and back office capabilities, as well as our additional strategic growth initiatives.”

Hyland says: “Wealth Enhancement Group has built a highly respected presence in the wealth management space as a fast-growing, innovative firm that provides industry-leading technology, resources and expertise to support us to better serve our clients. We are excited to join the Wealth Enhancement Group team as they share our vision and commitment to client service and will continue to empower us to guide our clients in pursuing their financial goals.”

Financial terms of the transaction, which is expected to close in the fourth quarter, have not been disclosed.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by