Saturday, May 27, 2023

Wealth Enhancement Group Scoops Up $1B California RIA Equius Companions


Wealth Enhancement Group has added a twelfth workplace in Northern California with the acquisition of Equius Companions in San Francisco’s North Bay Space.

Equius’ staff of seven monetary advisors and 5 assist employees, led by CEO Thomas Troutner, handle greater than $1 billion in shopper property. Based in 1993 by companions Jeff Troutner and Phil Jonckheer, the agency is targeted on a proprietary asset-class funding technique led by Jeff Troutner.

The founders transitioned shoppers to a next-gen advisory staff 5 years in the past and subsequently “determined that becoming a member of a bigger associate could be the optimum resolution for his or her shoppers,” in accordance with Wednesday’s announcement.

“It was essential that we’d be capable of keep our funding course of and shopper service strategy, whereas additionally accessing extra companies for current and future shoppers,” Thomas Troutner mentioned in an announcement. “We’re enthusiastic about bringing Wealth Enhancement Group’s broader capabilities reminiscent of intensive monetary planning assets, tax companies and property planning specialists to our shoppers.”

“This partnership gives appreciable benefits, brief and long-term, to each events,” mentioned David DeVoe, founder and CEO of RIA M&A guide DeVoe & Firm, which suggested Equius on the transaction. “Wealth Enhancement Group advantages from the Equius staff’s deep insights in asset class investing. Equius good points expanded assets and alternatives for the staff and their shoppers.”

The deal is the fourth acquisition that personal equity-backed Wealth Enhancement Group has introduced in 2023, following the additions of workplaces on the east coast and one other in Northern California’s Bay Space with greater than $800 million in cumulative shopper property.

Established in 1997, Plymouth, Minn.-based Wealth Enhancement Group has expanded quickly although an aggressive acquisition technique. The hybrid RIA now includes greater than 90 workplaces overseeing roughly $63.8 billion in property for greater than 49,000 households.


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