On October 3, Wealth Enhancement Group announced that it acquired FinTrust Capital Advisors, LLC.
Wealth Enhancement Group (“WEG”) announced, on October 2, 2024, that it had acquired FinTrust Capital Advisors, LLC (“FinTrust”). The acquisition was finalized on September 30, 2024. FinTrust brings a team of 13 support staff members and is led by Chief Investment Officer Allen Gillespie. 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 April 2024, WEG had approximately $81 billion in assets under management.
FinTrust, based in Greenville, South Carolina, is a hybrid RIA offering advanced financial planning, investment management, and retirement plan services to their clients including business owners, professionals, and high-net-worth families. As of July 2024, FinTrust had $1.7 billion in assets under management. Park Sutton Advisors, served as the exclusive financial advisor to FinTrust on the transaction.
To read the press release: please click here.