Home News Private Equity-Backed Wealth Enhancement Group Buys $1.3 Billion RIA

Private Equity-Backed Wealth Enhancement Group Buys $1.3 Billion RIA

Wealth Enhancement Group, an independent wealth management firm that oversees $17 billion in client assets, has purchased JOYN Advisors Inc., a registered investment adviser based in Atlanta, Georgia.

Wealth Enhancement Group, an independent wealth management firm that oversees $17 billion in client assets, has purchased JOYN Advisors Inc., a registered investment adviser based in Atlanta, Georgia with approximately $1.3 billion in client assets. Financial terms of the transaction, which is expected to close by April 1, 2020, were not disclosed.

JOYN has 35 employees, including 12 financial advisors — eight of whom hold the certified financial planner designation.

David Geller, chief executive officer and co-founder of JOYN, founded the practice in 1991 with his brother Matthew, the firm’s president. The team provides investment management and wealth management that includes retirement, estate and tax planning; risk management; as well as business liquidity services.

“JOYN has developed an outstanding team of financial professionals and innovative solutions that will benefit from our capabilities at Wealth Enhancement Group, while also augmenting our own national presence,” said Jeff Dekko, CEO of Wealth Enhancement Group.

JOYN Advisors will be Wealth Enhancement Group’s 32nd office, and its first location in the Atlanta area.

Based in a Greater Minneapolis, Wealth Enhancement Group was founded in 1997 and is backed by TA Associates, a global private equity firm. The firm offers comprehensive and customized financial planning and investment management services nationwide.

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