IM Deals Blog

WEG Acquired Foundational Wealth

Written by admin | Jan 22, 2024

On December 28, 2023, Wealth Enhancement Group announced that it acquired Foundational Wealth Advisory.

Under the terms of the transaction, Wealth Enhancement Group (“WEG”) announced that it acquired Foundational Wealth Advisory (“FWA”). Eric Wilson joined WEG as a Senior Vice President. Further terms of the transaction were not disclosed.

WEG, based in Minneapolis, Minnesota, is an independent wealth management firm that offers financial planning and investment management services. As of August 2023, WEG had $68.1 billion in assets under management.

FWA, based in Macon, Georgia, is a hybrid registered investment advisor providing wealth management services, including asset, liability, philanthropic, and estate planning for multi-generation families. As of November 2023, FWA had $543 million in assets under management. Park Sutton Advisors acted as financial advisor to FWA on the transaction.

To read the press release: please click here.