Wealth Enhancement Group has added a new location in Los Angeles with its acquisition of KCS Wealth Advisory, an independent registered investment advisor, the firm announced Thursday.
The deal brings Wealth Enhancement Group $373 million in assets under management and provides both firms with additional resources to enhance client services, the companies stated.
Laura Gilman and Ken Waltzer, the two founders of KCS, had managed their own individual practices since 2004 and merged their firms to form KCS Wealth Advisory in 2014.
“The combination of KCS Wealth Advisory with Wealth Enhancement Group will enable us to continue to provide superior service to our clients with even more investment and planning options,” Waltzer, managing partner of KCS, said in a statement. “At the same time, I feel confident that my clients will remain in excellent hands when I eventually retire."
Jim Cahn, chief investments and business development officer at Wealth Enhancement Group, said the team at KCS has worked hard to develop and maintain relationships with their clients.
“KCS Wealth Advisory emphasizes their mission to collaborate with clients to help them reach their financial goals, and we're excited to bring them onboard,” he said.
Advisor Growth Strategies, a consulting firm serving the RIA industry, acted as KCS Wealth Advisory's advisor on the transaction.
Wealth Enhancement Group, a national wealth management firm, oversees more than $70.5 billion in assets, serving more than 55,000 households through its 90 offices. The acquisition of KCS increases the number of its offices in California to 17.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
