WEG Continues M&A Surge with Acquisition of Titus Wealth Management

Wealth Enhancement Group’s Seventh Acquisition for 2022 Expands Strategically in Northern California and Strengthens its Retirement Services

Private equity-backed Wealth Enhancement Group (WEG) shows no signs of letting up on its M&A surge.

According to a recent press release, WEG has acquired Titus Wealth Management, a hybrid RIA with offices in San Mateo, Larkspur and Folsom, California. The acquisition, WEG’s seventh for the year, expands the firm’s Northern California footprint with over $776 million in client assets, including $202 million in brokerage assets with LPL Financial.

WEG’s growth strategy focuses on expansion in certain key markets, including California. This acquisition will increase WEG’s Northern California presence to eight offices.

Founded in 2005 by Eric Aanes, Titus Wealth primarily focuses on retirement and pre-retirement clients, and this acquisition boosts WEG’s strengths and client base in the space.

Prior to founding Titus Wealth, Aanes worked at Nationwide Financial, Security Benefit and GE Capital. 

According to Citywire USA, the deal will close at the end of the month, and Titus Wealth will bring a team of eight advisors and five support staff to WEG.

“An estimated 75 million people are expected to retire in the coming years and the addition of Titus Wealth means Wealth Enhancement Group will continue to be well-positioned to help these individuals make the transition,” stated Jeff Dekko,  CEO of WEG, in the firm’s press release.

WEG has expanded rapidly in 2022, including the acquisition of New York and Tennessee-based Kings Point Capital Management, with $1.7 billion in assets, primarily focused on the high net worth space, Iowa and Florida-based Hawkins Wealth Management, with $574 million in assets and Napa Valley Wealth Management and True Note Wealth Advisors, also based in Northern California, with a combined $400 million in assets.

With the private equity backing of Onex Corporation and TA Associates, WEG’s assets now stand at $54 billion.James Miller, Contributing Editor & Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com