Wealth Enhancement Group acquires hybrid RIA Foundational Wealth Advisory
Wealth Enhancement Group, a prominent independent wealth management firm overseeing over $72.2 billion in client assets, recently announced its acquisition of Foundational Wealth Advisory, LLC, a hybrid Registered Investment Advisor (RIA) based in Macon, Georgia. This move marks a significant step in the expansion of Wealth Enhancement Group’s services and client base.
Jeff Dekko’s Welcoming Statement
Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group, expressed enthusiasm about the acquisition. “We are excited to welcome the excellent team of financial professionals at Foundational Wealth Advisory to Wealth Enhancement Group. Eric and his team understand the significance of taking a collaborative approach to financial planning, and their extensive knowledge and experience will help us grow together. On behalf of our entire organization, I warmly welcome Eric and the Foundational Wealth Advisory team members.”
Wealth Enhancement Group acquires Foundational Wealth Advisory in strategic expansion in wealth management
Foundational Wealth Advisory’s Client-Centric Approach
Since its inception in 2017, Foundational Wealth Advisory has concentrated on providing comprehensive wealth management services. Their services include asset, liability, philanthropic, and estate planning tailored to the diverse requirements of multi-generational families.
Eric Wilson’s Perspective on the Merger
Eric Wilson, Managing Director of Foundational Wealth Advisory, highlighted the client-focused nature of the decision to join Wealth Enhancement Group. “In choosing to join Wealth Enhancement Group, our clients were at the center of our decision-making process. Wealth Enhancement Group’s expanded offerings and dedicated resources will enable us to serve our clients’ needs better, and we look forward to the partnership.”
Jim Cahn’s Vision for the Future
Jim Cahn, Chief Investments & Business Development Officer of Wealth Enhancement Group, also commented on the acquisition. “We are eager to welcome Eric and the Foundational Wealth Advisory team to our firm. By combining our knowledge, experience, and shared commitment to client service, we will be well-positioned to serve our clients for many years to come.”
Role of Park Sutton Advisors
Park Sutton Advisors, a Waller Helms Company, played a crucial role as the exclusive financial advisor to Foundational Wealth Advisory during this acquisition process.
Implications of the Acquisition
This acquisition marks the 17th announced by Wealth Enhancement Group in 2023, indicating a robust growth strategy and a strengthening position in the wealth management industry. The merger is set to enhance the service offerings to clients and contribute to the overall growth of Wealth Enhancement Group.