Wealth Enhancement Group today announced that it has acquired the Shawn M. Scott Team, an investment advisory team in Cincinnati, Ohio, that oversees more than $136 million in client assets.
The transaction, which marked Wealth Enhancement Group's 18th announced or closed acquisition of 2023, closed on December 31. The financial terms were not disclosed.
The firm, led by Shawn M. Scott, senior vice president, wealth management advisor, “offers comprehensive wealth management services such as financial planning, asset management, wealth management and qualified retirement plan support,” the release noted.
“I am very excited to join Wealth Enhancement Group and leverage the extensive resources to better help professionals and business owners in the Cincinnati community,” Scott said in a statement.
Scott, according to BrokerCheck, began in the industry in 2009 with ESI Financial Advisors. He briefly worked at Securities America and Raymond James & Associates before moving to Wealthquest Corporation in 2012.
Jeff Dekko, CEO of Wealth Enhancement Group, said, “Wealth Enhancement Group is pleased to welcome Shawn aboard. His considerable knowledge and experience will benefit the firm as we continue to focus on delivering comprehensive financial guidance to our clients. We look forward to his contributions to client outcomes and company progress in the years ahead.”