M and A
Deals Of The Day: The Latest In Wealth Management M&A – Steward Partners, Wealth Enhancement
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Steward Partners
Steward
Partners, a full-service, employee-owned independent
financial services firm, has acquired Wisdom Rock Financial
Advisory Group, adding more than $500 million in client assets to
Steward Partners' platform in its M&A channel.
The deal expands Steward’s presence in the greater Rochester, New York market. Led by founding partner Michael Keys and advisor partner Chris Neitz, the Wisdom Rock Financial Advisory group team has seven advisors.
The financial terms of the acquisition were not disclosed.
Steward Partners was launched in 2013 was responsible for nearly $50 billion in client assets as of March 2026.
Wealth Enhancement
Wealth
Enhancement has acquired Lake Tahoe Wealth Management, an
RIA, for an undisclosed sum.
The team of five advisors led by Debbie Grose, chief executive, manage more than $318 million in client assets.
The acquisition closed on April 30. Lake Tahoe Wealth Management – founded in 2014 – was advised by Hue Partners on the transaction.