Wealth Enhancement’s strategic acquisition signals robust growth potential​

Wealth Enhancement, a leading independent wealth management firm, has expanded its presence in Texas with the acquisition of XO Wealth Management, a Dallas-based registered investment advisor (RIA). This strategic move marks the firm’s 11th location in the state and brings its total client assets under management to over $107.5 billion. XO Wealth Management, which oversees more than $516 million in client assets, is known for its specialized financial planning services catering to high-net-worth individuals, entrepreneurs, and business owners.

The acquisition underscores Wealth Enhancement’s continued expansion efforts, reinforcing its position as a key player in the wealth management sector. By integrating XO Wealth Management’s expertise, the firm aims to enhance its service offerings and provide more tailored financial solutions to its growing client base.

What Sets XO Wealth Management Apart in the Industry?

Founded in 2016, XO Wealth Management has built a strong reputation for providing comprehensive wealth management services. The firm specializes in financial planning, wealth preservation, and risk management, offering personalized strategies designed to optimize wealth for both current financial needs and long-term legacy planning.

The leadership team at XO Wealth Management brings a combined experience of over a century in financial advisory services. Led by Matthew Fuller, Founder & Managing Director, along with Managing Director Stephen Valelly and First Vice President Carl Carlos, the firm has established itself as a trusted partner for affluent clients seeking sophisticated financial solutions.

Jeff Dekko, Chief Executive Officer of Wealth Enhancement, highlighted the firm’s commitment to client-centric growth, stating that XO Wealth Management has demonstrated an unwavering dedication to helping clients achieve their financial objectives. The decision to join forces with Wealth Enhancement, he noted, aligns with a shared vision of delivering high-quality, customized financial planning services.

How Does This Acquisition Fit into Wealth Enhancement’s Growth Strategy?

Wealth Enhancement has been pursuing an aggressive expansion strategy, leveraging acquisitions to increase its national footprint. The firm has been systematically acquiring RIAs to bolster its capabilities and expand its client base, a trend that has been evident in recent years.

Earlier in 2025, Wealth Enhancement acquired Capstone Wealth Advisors, a Pacific Northwest-based RIA managing $618 million in client assets. That deal helped push its total assets past $102.7 billion at the time. More recently, it announced plans to acquire Marcum Wealth, a Cleveland-based RIA with over $4.3 billion in client assets. That acquisition, expected to close in May, will further strengthen the firm’s reach in key markets.

By acquiring XO Wealth Management, Wealth Enhancement gains access to a well-established firm with a strong client base in Texas—one of the nation’s fastest-growing wealth management markets. The move is expected to provide both firms with expanded resources and operational efficiencies that will benefit their respective clients.

What Does This Mean for High-Net-Worth Clients?

For XO Wealth Management’s clients, the transition to Wealth Enhancement brings access to a broader suite of investment strategies, financial tools, and wealth management resources. As part of Wealth Enhancement, XO Wealth Management will operate as the XO Team and the Skyline Team, ensuring continuity in client relationships while benefiting from the scale and expertise of a larger firm.

Matthew Fuller emphasized that the partnership will enhance the firm’s ability to serve its clients by providing access to additional resources and a more extensive support network. The integration will allow for a seamless transition while maintaining the high level of personalized service that XO Wealth Management’s clients expect.

Wealth Enhancement’s Chief Strategy Officer, Jim Cahn, also expressed enthusiasm for the acquisition, stating that XO Wealth Management’s established presence in Texas aligns well with the firm’s long-term growth strategy. He pointed out that Texas remains a crucial market due to its expanding high-net-worth population and strong business environment.

What Broader Trends Are Driving Wealth Management Acquisitions?

The acquisition of XO Wealth Management reflects broader trends in the wealth management industry, where independent RIAs are increasingly merging with larger firms to gain access to enhanced technology, investment platforms, and operational support. Rising regulatory costs, competitive pressures, and evolving client expectations have driven consolidation across the sector, with firms seeking strategic partnerships to sustain long-term growth.

For independent RIAs, joining a larger firm can provide access to better investment research, risk management tools, and an expanded range of financial products. At the same time, larger firms like Wealth Enhancement benefit from acquiring specialized teams with deep regional expertise and strong client relationships.

Wealth Enhancement’s continued expansion signals confidence in the growing demand for personalized, high-quality financial planning services. The firm’s acquisition strategy aligns with the broader shift in the industry toward comprehensive, client-focused wealth management solutions.

What’s Next for Wealth Enhancement Following This Acquisition?

With the integration of XO Wealth Management, Wealth Enhancement is well-positioned to continue its expansion across the U.S. The firm’s ongoing acquisition spree suggests that it will remain an active participant in the industry’s consolidation wave, targeting RIAs that align with its client-focused approach.

As more investors seek holistic wealth management solutions, firms that can provide tailored financial planning, investment management, and risk mitigation strategies are likely to see continued growth. Wealth Enhancement’s acquisition of XO Wealth Management marks another step in its evolution as a major independent wealth management firm, reinforcing its commitment to delivering value-driven financial strategies for affluent clients nationwide.