Wealth Enhancement Group, an independent wealth management firm headquartered in Minneapolis, has acquired JOYN Advisors, Inc., an RIA with about $1.3 billion in client assets, according to a news release.
Founded in 1991 and located in Atlanta, JOYN integrates wealth management and investment advice with the science of human behavior. The company rebranded as JOYN Advisors in 2016 to reflect its mission in service to helping clients live a more joyful life, the release said.
Financial terms of the transaction, which is expected to close by April 1, were not disclosed.
JOYN CEO David Geller and President Matthew Geller lead a 35-member team that includes 12 financial advisors. The team provides clients with investment and wealth management that includes retirement, estate and tax planning; risk management; and strategic business liquidity services, the release said.
JOYN will become the 32nd office for Wealth Enhancement Group, which was founded in 1997 and oversees about $17 billion in client brokerage and advisory assets, the release said.
David Geller said in a news release that Wealth Enhancement Group's infrastructure and technology will enable JOYN to expand its services to a wider clientele.
“In Wealth Enhancement Group, we have found a strong ally that shares our philosophy of serving clients as their trusted advisor and advocate,” he said.
JOYN Advisors was represented by DeVoe & Company, a strategic advisor to RIAs.