Wealth Enhancement Group continues to strengthen its West Coast presence, expanding Northern California to nine offices
MINNEAPOLIS, November 17, 2022 /PRNewswire/ — Wealth Enhancement Groupa national independent wealth management company with more than $55.2 billion of total client assets, today announced the acquisition of BTR Capital Management, Inc. (BTR), an independent RIA located in Oakland, California. The BTR team, made up of nine advisors and five support staff, led by the President and CEO Jean Stratonsupervise more than $1 billion in customer assets. This partnership supports the growth of Wealth Enhancement Group in key markets, such as Northern California.
“I am delighted to welcome the BTR Capital Management, Inc. team to Wealth Enhancement Group. Over the past 30 years, they have worked hard to build strong relationships with their clients,” said Jeff Dekko, president and CEO of Wealth Enhancement Group. . “BTR attaches great importance to the quality of communication with its clients by seeking open, honest and transparent interactions at every stage, which is in line with the philosophy of our firm.”
Founded in 1989 by Lewis H. Katcher and Stephen P. YeatmanBTR is a comprehensive wealth management and investment firm serving high net worth individuals and families, foundations and pension plans.
Mr. Stratton said, “BTR Capital Management provides its clients with unbiased investment planning and management coupled with exceptional client service. As we considered the right partner to help us continue to serve our clients in the best way, Wealth Enhancement Group was clearly the right company for our clients and our team. We are extremely happy to be part of one of the fastest growing RIAs in the country. »
Wealth Enhancement Group continues to use transactions to expand its national footprint with the ultimate goal of accelerating organic growth through institutionalized client acquisition and increasing efficiency through innovative uses of technology.
“BTR’s trusted advisors help their clients develop retirement plans and make key financial decisions,” said Jim Cahn, Chief Investment and Business Development Officer of Wealth Enhancement Group. “We are excited to join forces with BTR and provide them with access to the powerful resources, capabilities and robust growth programs of Wealth Enhancement Group.”
Park Sutton Advisors served as sole financial advisor to BTR Capital Management, Inc. on the transaction.
About the Wealth Enhancement Group
Wealth Enhancement Group is an independent wealth management firm offering comprehensive and personalized financial planning and investment management services. Now serving more than 45,500 homes, the company has more than 75 offices nationwide and is growing rapidly through organic growth and acquisitions. Founded in 1997, Wealth Enhancement Group specializes in providing retail clients with the knowledge and team resources they need to simplify their financial lives. For more information, please visit www.wealthenhancement.com.
Advisory services offered by Wealth Enhancement Advisory Services, LLC (WEAS), a registered investment adviser. Some, but not all, of WEAS’ Investment Advisor Representatives (IARs) are also Registered Representatives and offer securities through LPL Financial, member FINRA/SIPC. Wealth Enhancement Group and Wealth Enhancement Advisory Services are separate entities from LPL Financial. Wealth Enhancement Group is a registered trademark of Wealth Enhancement Group, LLC.
Wealth Enhancement Group and its registered investment adviser, Wealth Enhancement Advisory Services, had $51.9 billion in client assets, including $4 billion brokerage assets held at LPL Financial, at September 30, 2022. BTR Capital Management, Inc. had over $1 billion in customer assets August 31, 2022. With the addition of previously announced acquisitions and the acquisition of BTR Capital Wealth Management, Inc, Wealth Enhancement Group has over $55.2 billion in client, advisory, trust and brokerage assets.
Media Contacts
Maggie Habashy
[email protected]
952-457-4571
Prosek Partners, on behalf of Wealth Enhancement Group
[email protected]
SOURCE Wealth Enhancement Group
