Wealth Enhancement Group Acquires Starfox Financial


July 10, 2024

On July 2, 2024, Wealth Enhancement Group announced that it acquired Starfox Financial Services.

Wealth Enhancement Group (“WEG”) announced on July 2, 2024 that it acquired Starfox Financial Services, LLC (“Starfox”). Starfox’s Founding Partners, Jose Palafox and Bill Friebel, and their team will join WEG. Further terms of the transaction were not disclosed.

WEG, based in Plymouth, Minnesota, is a registered investment advisor and independent wealth management firm that offers financial planning and investment management services. As of May 31, 2024, WEG had $84.8 billion in client assets. With the acquisition of Starfox, WEG has $85.3 billion in assets under management.

Starfox, based in The Woodlands, Texas, is an independent registered investment advisor that provides a variety of wealth management services including retirement planning, investment management, financial planning, college planning, and retirement income planning. As of February 13, 2024, Starfox had $254 million in client assets.

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