Wealth Enhancement Group acquires Ohio hybrid

Cincinnati-based Bohmer Kilcoyne Wealth Management manages $677 million.

Wealth Enhancement Group, a Plymouth, Minnesota-based firm managing $57.3 billion, announced Thursday that it has acquired Bohmer Kilcoyne Wealth Management, a hybrid registered investment adviser based in Cincinnati that manages $677 million.

Founded in 2001, Bohmer Kilcoyne Wealth Management was founded in 2001. Its team of three advisers and five support staff is led by Mike Bohmer and John Kilcoyne.

“We are eager to partner with Wealth Enhancement Group to expand the offerings we can provide to our client base,” Bohmer said in a statement. “Joining forces will allow us to offload administrative work and spend more time with our clients, which is our number one priority.”

Echelon Partners advised Bohmer Kilcoyne on the transaction.

Wealth Enhancement Group has more than $57.3 billion in assets and 75 offices nationwide. Earlier this month, it acquired Massachusetts-based Pinnacle Private Wealth, a hybrid overseeing more than $663 million in assets, and Milwaukee-based Sadoff Investment Management, a registered investment advisory firm managing $1.6 billion in assets.