Wealth Enhancement Group, a Minneapolis-based wealth administration agency with greater than $57.7 billion in complete consumer belongings, at present introduced the acquisition of Scroggins Wealth Administration, an impartial registered funding advisor managing greater than $370 million in consumer belongings by means of workplaces in New Lenox, Unwell., Naples, Fla. and Fort Myers, Fla.
Established in 1998 and led by Michael Scroggins, the incoming agency offers wealth administration providers to shoppers by means of a workforce of 4 advisors and 6 help workers members, with an emphasis on tax planning and an emphasis on digital consumer conferences alongside in-person providers.
“We strongly consider that shoppers at present want and wish methods to work together with their advisors each in-person and digitally,” stated WEG Chief Investments & Enterprise Growth Officer Jim Cahn.
“Even the designations the workforce at Scroggins has—akin to CFP®, CPA, RICP®, CPFA— exhibit how a lot they worth specialization, which is precisely what the Roundtable presents,” he added, referring to WEG’s workforce of specialists and professionals in area of interest areas of wealth administration.
“[T]he sturdy progress packages and experience we now have by means of the Roundtable workforce of specialists at Wealth Enhancement Group is an thrilling growth of recommendation and assets we will convey to our shoppers,” Scroggins stated.
The acquisition represents the 11th accomplished by WEG this 12 months, because the agency continues to pursue an aggressive inorganic technique alongside natural progress initiatives because it endeavors to determine itself as a dominant nationwide participant.
Based in 1997, Wealth Enhancement Group presents personalized monetary planning and funding administration providers. Recommendation is obtainable by means of its RIA, Wealth Enhancement Advisory Providers, nevertheless a number of the agency’s funding advisor representatives are additionally registered representatives of and provide securities by means of LPL Monetary.
On the finish of August this 12 months, WEG and WEAS had $54.4 billion in consumer belongings, together with $4 billion in brokerage belongings. With the addition of beforehand introduced acquisitions and the acquisition of Scroggins Wealth Administration, WEG now claims greater than $57.7 billion in consumer, advisory, belief and brokerage belongings, serving greater than 45,500 households from 75 workplaces across the nation.
