Wealth Enhancement Group Joins With Summit Wealth Advisors To Augment Growth In Chicago Area

Wealth Enhancement Group, an independent financial advisory firm, announced a merger with Summit Wealth Advisors, an independent registered investment advisory (RIA) firm with nearly $300 million in assets under management.

According to a release, Wealth Enhancement Group, offers financial planning and investment management strategies across 40 states to affluent and high net worth retail clients. The Firm also provides retirement plan advisory services for qualified and non- qualified employer-sponsored retirement plans. Recently, the Firm has generated particularly strong growth in the Greater Chicago metropolitan area, and its merger with Summit Wealth Advisors positions it for accelerated expansion within the region.

The transaction establishes a physical location for Wealth Enhancement Group within Chicago, complete with a well-established team of five professionals with extensive experience serving clients from the local high net worth community. Going forward, the Summit Wealth Advisors team will operate under the Wealth Enhancement Group brand, and will continue to be led by Kevin Meehan, the founder of Summit Wealth Advisors and a financial services veteran with 28 years of experience, who has been named Wealth Enhancement Group's Regional President, Chicago.

This partnership with Summit Wealth Advisors commences a new wave of anticipated expansion for Wealth Enhancement Group that will utilize strategic mergers of carefully selected independent practices across the country. Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group, said, "Strategically, we are looking to partner with firms that have demonstrated a commitment to growth and see value in integrating with our proprietary marketing capabilities for new client development and creating efficiencies by utilizing our centralized platform to gain investment management, planning and administrative leverage."

Dekko also 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 $300 million in AUM in 13 years while being committed to quality advice with outstanding personnel. At the heart of this transaction is a shared vision of the key values necessary to continue to deliver best-in-class wealth management advice: The integrated coordination of investment consulting, advanced financial planning and relationship management delivered under a truly independent and objective service structure, with no proprietary products or competing agendas. By combining our capabilities, we believe we can organically grow the Chicago region into a multi-billion dollar region similar to our Minnesota region."

Financial terms of the transaction were not disclosed.

More Information:

http://wealthenhancement.com/

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