On January 16, 2025, Wealth Enhancement Group announced that it acquired VanceGray Wealth Management, Inc.
Wealth Enhancement Group (“WEG”) announced, on January 16, 2025, that it acquired VanceGray Wealth Management, Inc. (“VanceGray”). The acquisition of VanceGray closed on December 31, 2024, and VanceGray will operate with its current team under WEG’s name. 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 December 2024, WEG had $102.1 billion in client assets.
VanceGray, based in Bangor, Maine, is an independent registered investment advisor that provides financial advisory, wealth management, and retirement planning services. As of August 2024, VanceGray managed over $409 million in client assets. MarshBerry, an investment banking and consulting firm, represented VanceGray in the deal.
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