Minneapolis-based Wealth Enhancement will acquire Marcum Wealth, a Cleveland-based independent registered investment advisor that oversees more than $4.3 billion in client assets. The deal is expected to close in May 2025.
Marcum Wealth's client assets will be added to the $107.5 billion Wealth Enhancement currently manages.
“We are thrilled to partner with Marcum Wealth, a like-minded firm that shares our commitment to providing exceptional wealth management services,” Wealth Enhancement CEO Jeff Dekko said in a statement. "The partners' backgrounds within an accounting firm environment makes the team uniquely positioned to deliver advanced planning to complex clients, such as business owners and multi-generational families. We look forward to welcoming the talented and knowledgeable Marcum Wealth team to Wealth Enhancement."
Eric Wulff, Chief Executive Officer of Marcum Wealth, added: "Our client's best interests have been at the core of each decision our firm has made, and this rings true with our latest move to join Wealth Enhancement. We believe this partnership will allow us to deliver more value to our clients while continuing to serve them with the personalized, high-touch service they are accustomed to."
Berkshire Global Advisors served as exclusive financial advisor to Marcum Wealth.
