Wealth Enhancement Group Acquires $776M Hybrid RIA

Wealth Enhancement Group RIA Edge>RIA News Wealth Enhancement Group Acquires $776M Hybrid RIA In its seventh acquisition this year, Wealth Enhancement Group acquires Titus Wealth Management.

Wealth Enhancement Group, a Minneapolis-based independent wealth management firm with more than $54 billion in total client assets has announced the acquisition of Titus Wealth Management, a hybrid RIA with offices in San Mateo, Larkspur and Folsom, Ca.

The Titus team of eight advisors and five support staff, led by President and founder Eric Aanes, oversees more than $776 million in client assets, around $200 million of which are brokerage assets held at LPL Financial. The acquisition marks the seventh closed on by WEG in 2022 and expands its Northern California presence to eight offices, furthering the firm's growth strategy in key markets.

"Eric built an impressive firm in nearly two decades providing asset management and financial planning services for pre-retirees and retirees,” said WEG CEO Jeff Dekko. “An estimated 75 million people are expected to retire in the coming years and the addition of Titus Wealth means Wealth Enhancement Group will continue to be well-positioned to help these individuals make the transition.”

"By joining forces, Titus Wealth can accelerate their growth by leveraging our powerful resources and capabilities, in addition to our centralized portfolio management offerings," added Jim Cahn, who leads investments and business development for WEG.

Prior to founding Titus in 2005, Aanes held senior management positions at Nationwide Financial, Security Benefit and GE Capital.

"As we considered the right partner to help us continue our trajectory, Wealth Enhancement Group was clearly the right firm for our clients and our team,” said Aanes. “We are extremely pleased to be aligned with one of the fastest-growing RIAs in the country."

With the addition of previously announced acquisitions and Titus Wealth Management, Wealth Enhancement Group has over $54 billion in client brokerage, advisory and trust assets as of July 1, 2022.

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Originally posted on: https://www.wealthmanagement.com/ria-news/wealth-enhancement-group-acquires-776m-hybrid-ria