logo
logo

Wealth Enhancement Group Acquires Titus Wealth Management, A Hybrid Ria With More Than $776 Million In Client Assets

Jul 14, 2022•almost 3 years ago

Acquiring Company

Wealth Enhancement

Acquired Company

Wealth Enhancement

PlymouthPlymouthProfessional ServicesProfessional Services

Description

Wealth Enhancement Group, an independent wealth management firm, with over $54 billion in total client assets today announced the acquisition of Titus Wealth Management, ("Titus Wealth"), a hybrid RIA with three offices in San Mateo, Larkspur and Folsom, California. Titus Wealth's team of eight advisors and five support staff, led by President and Founder Eric Aanes, ChFC®, AIF, oversee more than $776 million in client assets*. This partnership furthers Wealth Enhancement Group's growth strategy in key markets, such as Northern California.

Company Information

Company

Wealth Enhancement

Location

Plymouth, Minnesota, United States

About

Wealth Enhancement is a national independent wealth management firm with over $103 billion in client assets, passionately committed to enriching the lives of its clients. The company offers tailored financial plans and investment management services, with specialized knowledge, attentive service, and a team-based approach to personalized financial planning. Wealth Enhancement has 145 offices nationwide and continually seeks to raise the standard of wealth management.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Kelly hidden

hidden
hidden

Jeff hidden

hidden
hidden

Jim hidden

hidden
hidden