On November 7, 2024, Wealth Enhancement Group announced that it acquired M&R Capital Management.
Wealth Enhancement Group (“WEG”) announced, on November 7, 2024, that it acquired M&R Capital Management (“M&R”). Chairman and chief executive John Maloney, and advisors, Paul DeSisto and Amos Warren will be joining 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 November 2024, WEG had $96.6 billion in client assets.
M&R, based in Summit, New Jersey, is a registered investment advisor that provides financial services to individuals, small businesses, not-for-profit organizations, and endowments. As of June 2024, M&R managed over $536 million in client assets. Park Sutton Advisors advised M&R on the deal.
To read the press release: please click here.