Wealth Enhancement Group expands by adding Sadoff Investment Management, a family-owned RIA with $1.6 billion in client assets
This acquisition brings Wealth Enhancement Group’s total client assets to more than $57 billion.
MINNEAPOLIS, September 15, 2022 /PRNewswire/ — Wealth Enhancement Group, an independent national wealth management firm with over $57 billion of total client assets, today announced its expansion to include Sadoff Investment Management, an independent RIA based in Milwaukee, Wis.. Sadoff’s team of three advisers – family members Ronald, Bryan and Michael Sadoff – and their three support staff oversee $1.6 billion in assets for customers. Sadoff Investment Management has earned numerous accolades, including being named to the 2021 CNBC FA 100 list of the Top 100 Investment Advisory Firms.
“Ron, Michael and Bryan are a family for families. They take their fiduciary duty to their clients very seriously,” said Jeff Dekko, president and CEO of Wealth Enhancement Group. “We are very pleased to welcome these excellent professionals to the WEG family and look forward to continuing to succeed together.”
Founded by Ronald Sadoff in 1978, Sadoff Investment Management has spent decades preserving the wealth of its clients, particularly well-established, affluent business owners and professionals nearing retirement or retirement, through many important life stages and multiple recessions in this country.
“Good succession planning is very important to us at Wealth Enhancement Group. Look at how Ron built the family business, brought in Bryan and Michael, and set up Sadoff Investment Management for decades of success,” said declared Jim Cahn, Director of Investments and Business Development. “They’re not just taking care of customers today. They’re making sure they can take care of customers tomorrow.”
This is Wealth Enhancement Group’s ninth acquisition of the year; just last week it announced the addition of Burlington, MAPinnacle Private Wealth hybrid RIA with over $660 million in customer assets. Through consistent organic growth and strategic inorganic growth, Wealth Enhancement Group is expanding its footprint and combining the strength of a national network with deep local roots across the country. Sadoff serves customers nationwide with approximately half of their customers residing in Wisconsin.”
“It’s been 44 years since we opened our doors, but this is the start of an exciting new chapter for our firm and our clients,” said Ronald Sadoff, Founder of Sadoff Investment Management. “They will benefit from Wealth Enhancement Group’s extensive network of specialists and resources while receiving the same care we have promised and delivered from the beginning. As we have always said, people come to our family because they want to protect the future of their family.”
Anyone interested in working with Sadoff or Wealth Enhancement Group can reach and schedule a free consultation.
David Selig of Advice Dynamics Partners advised Sadoff on this transaction and their legal advice was provided by Chris Friden of Alston & Bird, LLP.
About the Wealth Enhancement Group
Wealth Enhancement Group is an independent wealth management firm offering comprehensive and personalized financial planning and investment management services. Now serving more than 45,500 homes, the company has more than 75 offices nationwide and is growing rapidly through organic growth and acquisitions. Founded in 1997, Wealth Enhancement Group specializes in providing retail clients with the knowledge and team resources they need to simplify their financial lives. For more information, please visit www.wealthenhancement.com.
Advisory services offered by Wealth Enhancement Advisory Services, LLC (WEAS), a registered investment adviser. Some, but not all, of WEAS’ Investment Advisor Representatives (IARs) are also Registered Representatives and offer securities through LPL Financial, member FINRA/SIPC. Wealth Enhancement Group and Wealth Enhancement Advisory Services are separate entities from LPL Financial. Wealth Enhancement Group is a registered trademark of Wealth Enhancement Group, LLC.
Wealth Enhancement Group and its registered investment adviser, Wealth Enhancement Advisory Services, had $55.7 billion in client assets, including $4 billion brokerage assets, July 31, 2022. Sadoff Investment Management had $1.6 billion in customer assets July 31, 2022. With the addition of previously announced acquisitions and the acquisition of Sadoff Investment Management, Wealth Enhancement Group has over $57 billion in client, advisory, trust and brokerage assets as of August 30, 2022.
Prosek Partners, on behalf of Wealth Enhancement Group
SOURCE Wealth Enhancement Group