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April 8, 2019

Wealth Enhancement Group continues buying spree; acquires Wiley Group

Minnesota-based Wealth Enhancement Group has agreed to purchase Wiley Group, a Pennsylvania-based independent financial advisory firm, for an undisclosed sum.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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Established in 2009, Wiley serves around 450 households.

Wealth Enhancement Group oversaw around $10.4bn in assets at the end of February 2019.

The acquisition adds over $300m in assets to Wealth Enhancement Group’s books.

Through the deal, the acquirer’s office count in the Philadelphia region will increase to three.

Wealth Enhancement Group will retain all 10 staff of Wiley, which is headed by Jim Wiley and Don Riley.

The deal is expected to complete this June.

Wealth Enhancement Group CEO Jeff Dekko said: “When we began our discussions with Wiley Group, we recognised right away how well-positioned they were to drive accelerated growth by leveraging our team-based approach to financial planning, portfolio management and back-office operations – and, most importantly, that they share our commitment to exceptional client service.

“Their successful targeted marketing programmes were another indication of the strong fit between our two firms, and we look forward to incorporating their best practices into our organic marketing strategy.”

Recent acquisitions by Wealth Enhancement Group

This January, Wealth Enhancement Group agreed to take over Summit Planning Group.

Last year, Wealth Enhancement Group announced the acquisitions of Cimino Wealth Advisors, Retirement Strategies, OneSource Retirement Advisors, and GDM Advisory Group.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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