Wealth Enhancement Group Buys Georgia RIA

News December 28, 2023 at 02:15 PM

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Wealth Enhancement Group, an independent wealth management firm with some $72 billion in client assets, has bought Foundational Wealth Advisory, a hybrid RIA based in Macon, Georgia.

The addition of Foundational Wealth Advisory is Wealth Enhancement Group's 17th acquisition of 2023 and brings it a third office in Georgia, according to the firm.

"We are excited to welcome the excellent team of financial professionals at Foundational Wealth Advisory to Wealth Enhancement Group," CEO Jeff Dekko said in a statement. "Eric [Wilson] 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."

Since 2017, Foundation Wealth Advisory has focused on serving multigenerational clients with wealth management services, including asset, liability, philanthropic and estate planning.

"In choosing to join Wealth Enhancement Group, our clients were at the center of our decision-making process," said Wilson, Foundational Wealth Advisory's managing director, in a press release. "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."

Minneapolis-based Wealth Enhancement Group declined to disclose the level of assets under management for the newly acquired firm, saying it was between $100 million and $1 billion.

(Pictured: Jeff Dekko)

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