Minneapolis, Minnesota-based wealth management firm Wealth Enhancement has acquired Danison & Associates, an independent registered investment advisor (RIA) headquartered in Columbus, Ohio.
This move adds over $82m in client assets to Wealth Enhancement’s portfolio, increasing its total client assets to over $103bn.
Danison & Associates has two advisors and two support staff.
The acquired business is led by president Dean Danison and vice-president Tracey Danison, who have a combined 65 years of experience in wealth management and financial planning.
Completed on 31 December 2024, the acquisition marks Wealth Enhancement’s 20th transaction of last year.
Wealth Enhancement CEO Jeff Dekko said: “We are so pleased that Danison & Associates is joining Wealth Enhancement. With access to our centralised planning, estate, tax, and trust services, we are confident that the team will continue to thrive and achieve even greater success.”
Danison said: “By joining Wealth Enhancement, we will be able to expand our capabilities and receive valuable back office support that will enable us to spend even more time with our clients.”
Wealth Enhancement chief strategy officer Jim Cahn said: “The acquisition of Danison & Associates marks Wealth Enhancement’s first office location in Greater Columbus. We look forward to fruitful collaboration and success with the team for years to come.”
As of 30 November 2024, Wealth Enhancement and its RIA, Wealth Enhancement Advisory Services, managed $102.8bn in client assets.
The integration of Danison & Associates is part of Wealth Enhancement’s ongoing growth strategy, further solidifying its position in the wealth management sector.
Last week, Wealth Enhancement acquired Scribner Team, a US-based hybrid investment advisory team. The team manages over $111m in client assets.
“Wealth Enhancement acquires Ohio RIA Danison & Associates” was originally created and published by Private Banker International, a GlobalData owned brand.
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