Retirement Strategies Inc., a independent advisory group based in Jacksonville, Fla., is being acquired by Wealth Enhancement Group, an independent wealth management firm that oversees $8.9 billion in client assets, Wealth Enhancement Group announced Tuesday.
Retirement Strategies, which has $350 million in assets under management, has seven Certified Financial Planner mark holders and an investment research and portfolio manager. The transaction adds to Wealth Enhancement’s presence in Florida. Partners Bill Carr, Bill Hart and Mary Beth Neeley lead the firm. Wealth Enhancement Group is headquarted in the Minneapolis area.
Jeff Dekko, CEO of Wealth Enhancement Group, said, “Our company’s success in driving growth both organically and through acquisitions is in no small part thanks to our unique approach of providing team-based financial planning, portfolio management, and back office efficiencies. RSI’s strong leadership and focus on client outcomes makes them ideally suited to leverage our approach to generate further growth in Florida, and makes RSI a perfect addition to our national team. We have been very successful over the last five years in developing partnerships with advisory practices that fit seamlessly within our broader firm and can help us extend our strategy to new geographies and build upon current ones.”