By Andrew Welsch
Wealth Enhancement Group acquired Lynch Retirement Investment Group, a hybrid registered investment advisory firm with more than $502 million in client assets, the company said Thursday.
Lynch Retirement Investment Group includes three financial advisors and three support team members, according to WEG. It has offices in Columbia, Md., and Fairfax, Va., and it used Raymond James Financial's platform to offer brokerage and investment advisory services to clients.
The team is led by senior advisor John Lynch, who has been in the industry for 38 years, according to BrokerCheck, a public database maintained by industry self-regulator Finra. Lynch registered with Raymond James's independent broker-dealer in 2012. Prior to that, he was registered with Wells Fargo Advisors Financial Network, the independent broker-dealer of Wells Fargo.
"By partnering with Wealth Enhancement Group, our team will gain access to more resources and services to better serve our clients," Lynch said.
The addition of Lynch Retirement Investment Group gives WEG its fourth location in Maryland. Minneapolis-based WEG is among the nation's largest independent wealth management companies. Including Lynch Retirement Investment Group, WEG has more than $81.9 billion in client, advisory, trust, and brokerage assets, according to the company.
WEG has been steadily acquiring other RIAs and expanding its reach. It is ranked No. 5 among Barron's Top RIAs for 2023.
Write to Andrew Welsch at andrew.welsch@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 26, 2024 12:47 ET (16:47 GMT)
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