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Wealth Enhancement Group (WEG) has acquired The Financial Advisory Group. This is a Houston-based RIA managing more than $1.22 billion in client assets. This acquisition adds seven advisors and 14 support staff to WEG's team. The deal marks WEG’s fifth acquisition in 2024 and establishes its third office in Texas.
The Financial Advisory Group, founded in 1997 by chairman and CEO Richard J. Alphonso, has developed a niche practice serving oral surgeons, doctors, attorneys, business owners, and family office clients. Alphonso has over 30 years of experience in the financial services industry. He holds a CPA and AEP designation.
Wealth Enhancement Group was among the most active RIA acquirers in 2023 and has continued to make a significant impact in 2024. 
Written By: John Washington, Data Research Analyst
John Washington is the Data Research Analyst at Dakota.
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