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.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
