Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Industry Spotlight > RIAs

Wealth Enhancement Group to Add $853M RIA

By Janet Levaux

X
Your article was successfully shared with the contacts you provided.

Wealth Enhancement Group is acquiring RIA Serafini Financial Group, which has four financial advisors and $853 million in total client assets. The deal should close by Aug. 1 and bring WEG’s total client assets to some $39 billion.

The transaction is the LPL affiliate’s ninth purchase this year. Since June 1, the firm — which is based in the greater Minneapolis area — has added nearly 40 advisors and about $7 billion in assets to its platform via acquisitions.

Serafini is based in Hagerstown, Maryland, and was founded by Andrew A. Serafini in 1990. After the deal is wrapped up, he will work with clients as a senior vice president and advisor. 

Serafini and colleagues Douglas Nigh and Nathanael Hanft bring a total of about 75 years of industry experience to WEG. Many of their clients live in the tri-state region of Maryland, Virginia and Pennsylvania.

“The Baltimore-Washington D.C. region presents the Wealth Enhancement Group with incredible opportunities for continued growth … ,” said WEG CEO Jeff Dekko, in a statement.

“I am very pleased to welcome Andrew and his entire team to our firm, and we look forward to putting our resources, technology and scale to work to help them meet and exceed their business goals,” Dekko added. 

Janet Levaux

@Think_JanetL

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.