Minneapolis, Minnesota-based wealth management firm Wealth Enhancement has acquired Danison & Associates, an independent registered investment advisor (RIA) headquartered in Columbus, Ohio.
The move adds more than $82 million in client assets to Wealth Enhancement’s portfolio, bringing its total client assets to more than $103 billion.
Danison & Associates has two advisors and two support staff.
The acquired company is led by President Dean Danison and Vice President Tracey Danison, who have a combined 65 years of experience in wealth management and financial planning.
Completed on December 31, 2024, the acquisition marks Wealth Enhancement’s 20th transaction in the past year.
Jeff Dekko, CEO of Wealth Enhancement, said: “We are very excited to have Danison & Associates join Wealth Enhancement. With access to our centralized planning, estate, tax and trust services, we are confident that the team will continue to thrive and achieve even greater success.
Danison said: “By joining Wealth Enhancement, we will be able to expand our capabilities and benefit from valuable back-office support that will allow us to spend even more time with our clients. »
Jim Cahn, Wealth Enhancement’s Chief Strategy Officer, said, “The acquisition of Danison & Associates marks Wealth Enhancement’s first office location in Greater Columbus. We look forward to fruitful collaboration and success with the team for years to come.
As of November 30, 2024, Wealth Enhancement and its RIA, Wealth Enhancement Advisory Services, managed $102.8 billion in client assets.
The integration of Danison & Associates is part of Wealth Enhancement’s continued growth strategy, strengthening its position in the wealth management industry.
Last week, Wealth Enhancement acquired Scribner Team, a US-based hybrid investment advisory team. The team manages over $111 million in client assets.
“Wealth Enhancement Acquires Ohio RIA Danison & Associates” was originally created and published by International Private Bankera brand owned by GlobalData.
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