Wealth Enhancement Buys $2.2B Hybrid RIA L.M. Kohn

Wealth Enhancement, an acquisitive Minneapolis-based registered concern advisor with much than $131 cardinal successful lawsuit assets, has acquired L.M. Kohn & Company, a hybrid RIA with much than $2.2 cardinal successful assets and 23 employees.

The woody expands Wealth Enhancement’s beingness crossed the Midwest and South.

L.M. Kohn was founded successful 1990 by Larry Kohn, who present serves arsenic CEO. It operates retired of its Cincinnati office and 5 locations crossed Georgia, Iowa and Michigan. In summation to its RIA, L.M. Kohn besides has a broker/dealer. 

The steadfast specializes successful fiscal readying and tiny concern benefits consulting.

"Larry Kohn has built a beardown bequest of exceptional work and broad wealthiness absorption for much than 3 decades,” Wealth Enhancement CEO Jeff Dekko said successful a statement. 

The transaction closed connected Dec. 6, and Echelon Partners served arsenic L.M. Kohn’s advisor connected the deal. 

This follows quality past week that Wealth Enhancement acquired FPG Private Wealth, a hybrid registered concern advisor with much than $532 cardinal successful lawsuit assets and offices successful Carmel and Lafayette, Ind. 

Wealth Enhancement is owned by a radical of backstage equity firms, led by TA Associates and Onex Corporation, arsenic good arsenic its employees.