Wealth Enhancement Group says it is acquiring the Financial Advisory Group of Houston, an RIA with seven financial advisors and over $1.22 billion in client assets.
"After a 32-year career in this profession, this is the opportunity of a lifetime to continue delivering wealth management services to the next generation," said Richard Alphonso, who founded the Financial Advisory Group in 1997.
"This partnership will allow us to enhance our clients' experience, shift responsibilities that don't contribute to the overall client experience, and provide professional opportunities to the next generation of professionals who serve our clients," Alphonso explained in a statement.
The Financial Advisory Group has 14 staff members. Its clients include oral surgeons, doctors, attorneys and business owners, and the team also works with family office clients.
