Wealth Enhancement Group has merged with Summit Wealth Advisors, a Chicago-based independent RIA firm with nearly US$300 million in assets under management.
According to Wealth Enhancement, the Summit Wealth Advisors team will operate under its brand, and will continue to be led by Kevin Meehan, the founder of Summit Wealth Advisors, who has been named as the firm’s regional president for Chicago.
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Jeff Dekko, CEO of Wealth Enhancement, said: "We are delighted with our first new partnership with Summit Wealth Advisors, a well led and high growth firm that has gone from a startup to almost US$300 million in AUM in 13 years while being committed to quality advice with outstanding personnel.
"By combining our capabilities, we believe we can organically grow the Chicago region into a multi-billion dollar region similar to our Minnesota region," Dekko added.
Meehan added: "The partnership with Wealth Enhancement Group will allow us to accelerate our growth trajectory while allowing us to maintain our commitment to high quality comprehensive advice."
With over 40 financial advisors, Wealth Enhancement offers financial planning and investment management strategies across 40 states to affluent and high-net-worth retail clients.
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