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FUNDRAISING NEWS | November 07, 2024

Wealth Enhancement Group Acquires $536M Jersey Independent RIA

Tags: RIA, Mergers / Acquisitions

Wealth Enhancement Group announced its acquisition of Summit, NJ-based M&R Capital Management, the firm’s 15th completed deal of the year, adding $536M to its approximately $96.6B in client assets.

M&R, led by Chairman and CEO John Maloney, is an independent firm composed of three advisors and three support staff. The move further cements the firm’s presence in New Jersey – representing WEG’s sixth location in the state – and the Tri-State area.

Park Sutton Advisors, a Waller Helms Company, acted as the financial advisor to M&R Capital Management in the transaction.

Source: https://www.prnewswire.com/news-releases/wealth-enhancement-group-announces-acquisition-of-mr-capital-management-inc-an-independent-ria-with-over-536-million-in-client-assets-302298058.html

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Written By: Dakota

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