Wealth Enhancement Group acquires Planning Solutions Group

Wealth Enhancement Group, a leading independent wealth management firm, revealed on Thursday, June 13, that it is planning to acquire Planning Solutions Group, a financial advisory firm based in Howard County.

According to a press release posted on Wealth Enhancement Group’s website, the acquisition signals the company’s commitment to expanding on the densely populated area of East Coast.

The purchase also sets the Planning Solutions Group as the firm’s twelfth acquisition since the end of 2013. Among the other recent acquisitions include Summit Wealth Advisors (Chicago), HHG & Company (Darien, Conn.), Sound Financial Solutions (Houston), CLA Financial Advisors (Chicago), CPA Retirement Planning (Jacksonville), Cimino Wealth Advisors (Clinton, Wis.), Retirement Strategies, Inc., (Jacksonville), OneSource Retirement Advisors (Philadelphia), GDM Advisory Group (Philadelphia), Summit Planning Group (Green Bay, Wis.), and Wiley Group (West Conshohocken, Pa.). Over the past two years, both in 2017 and 2018, Wealth Enhancement Group’s total client assets is reported to have increased by more than $1 billion per year.

“We are thrilled to announce that Planning Solutions Group, a group of experienced advisors doing great work in the Baltimore area since 2001, is joining the Wealth Enhancement Group family. From the first time we spoke with the group’s partners, we were impressed with their passion for providing clients with the best service experience in every engagement,” said Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group. “They have had great success, and we will help them take that growth to new levels with our collaborative approach to financial planning, portfolio management and back-office operations.”

Currently, Wealth Enhancement Group has offices in Connecticut, Florida, Iowa, Illinois, Minnesota, New York, Pennsylvania, Texas and Wisconsin. The announcement regarding the acquisition of Planning Solutions Group marks the former’s first office in the Baltimore area.

“At Wealth Enhancement Group, we are trying to build a substantial operational scale, both nationally and in each market we serve. The addition of a business such as Planning Solutions Group helps us immensely along the way to that goal,” CEO Dekko added.

RELATED ARTICLES

Evergrande Used Financial Investments
Wealth

Evergrande Used Financial Investments to Fund Gaps

China Evergrande Group, a cash-strapped company, has begun repaying investors in its financial products with real estate investments, according to a unit of its main Hengda Real Estate Group Co Ltd. Evergrande is in the middle of a financial crisis, owing more than $300 billion in debt, and is struggling...
Threat To Europe Luxury Industry
Wealth

China Wealth Redistribution Plan Poses Threat To Europe Luxury Industry

The economy of China is recovering irregularly, and the country's efforts for wealth redistribution pose threat to disrupt the growing luxury industry in Europe. It causes several investors to be reluctant to purchase the stocks, even after the sell-off in August. After Xi Jinping, President of China announced intentions for...
Paytm Money Investment Advisory Marketplace
Wealth

Paytm Money Partners With WealthDesk For Investment Advisory Marketplace

Paytm, an Indian tech company for digital payments, e-commerce, and financial services, has recently reported that Paytm Money is introducing an investment and wealth advisory marketplace in partnership with WealthDesk. The service on the platform will provide retail investors with tailored advice and products. For the initial move in building...
Headway Wealth Assists For Financial Planning
Wealth

Headway Wealth Assists British Nationals For Financial Planning

A new wealth management firm, Headway Wealth, has been established. It allows British nationals residing in the UK and expats worldwide to engage in investment options while also providing personalized assistance on a financial plan. Elliott Parkhouse and Hamzah Salchi are the founders of Headway Wealth. Based in London, the...
HSBC Holdings Acquires AXA Singapore
Wealth

HSBC Holdings Acquires AXA Singapore To Expand Wealth Business In Asia

HSBC Holdings has reported about its purchase of AXA Singapore for $575 million. This move is part of its goal to establish a global wealth center in Singapore and accelerate its growth throughout Southeast Asia. As per the released statement, HSBC Singapore, with assets of $474 million, will become...
Donald Trump Receives Wealth Order Over Golf Courses Purchase
Wealth

Donald Trump Receives Unexplained Wealth Order Over Golf Courses Purchase

The Scottish court has approved the judicial review of the Government's rejection to investigate the unexplained wealth of former President Donald Trump, amid continued requests to look into how he was able to buy 2 golf courses in Scotland. Avaaz, a non-profit activist group based in the U.S., has petitioned...
Rihanna Attains Billionaire Status
Wealth

Rihanna Attains Billionaire Status at 33

Artist and Fenty Beauty mogul Robyn “Rihanna” Fenty has now achieved billionaire status at the age of 33. Forbes states that her net worth is valued at around $1.7 billion, making her the wealthiest female musician in the whole world. As of writing, CBS News reveals that Rihanna is now...
Central Banks and Wealth Funds Going Greener
Wealth

Survey Discovers Central Banks and Wealth Funds Going Greener

In a recent article of Business World, one of the biggest, yearly investor surveys has revealed an increasing behavioral shift in central banks, sovereign wealth funds, as well as public pension funds towards “greener and more activist investment strategies.” The survey in question is the Global Public Investor survey. It...
Syfe Series B Funding
Wealth

SG Digital Wealth Manager Syfe Raises $30 Million in Series B Funding

Singapore-based digital wealth manager slash Robo-advisor Syfe successfully raised $30 million in its recent Series B investment round. The funding round comes after it closed its Series A investment round just last September of 2020 with $18.6 million. In total, the company has raised $52.4 million, bringing the total valuation...