Wealth Enhancement Group acquires Equius Partners
The deal for Equius, an RIA based in suburban San Francisco with $1.1 billion in client assets, expands Wealth Enhancement Group's footprint in Northern California.
Wealth Enhancement Group, a $63.8 billion hybrid registered investment advisor, said Wednesday it had made its fourth acquisition of 2023, this time buying the firm Equius Partners Inc., an RIA based in suburban San Francisco with $1.1 billion in client assets, according to its Form ADV.
Equius Partners was founded in 1993 and its team of seven financial advisors and five support staff is led by Thomas “TJ” Troutner. Terms of the deal were not disclosed.
“By expanding our presence in important markets such as Northern California, we are better positioned to deliver exceptional service and support to our clients while living our values and fostering a culture of teamwork,” Jeff Dekko, CEO of Wealth Enhancement Group, said in a statement.
DeVoe & Co. advised Equius Partners on the deal.
[More: Wealth Enhancement Group adds RIA managing $273 million]
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