Wealth Enhancement announced it has acquired Spectrum Wealth Management, an independent registered investment advisor based in Irvine, California, along with Spectrum’s affiliated tax practice, certified public accounting firm Putman Group. The deal expands Wealth Enhancement’s integrated wealth management offerings with added tax planning capabilities. And it increases the firm’s overall scale, bringing total client assets to more than $131.2 billion after including previously announced acquisitions and the Spectrum transaction.
Spectrum Wealth Management, founded in 2002, provides holistic wealth management services that include financial planning, investment management, and risk management, and works closely with business clients and high-net-worth individuals. Its affiliated tax practice, Putman Group, was established in 1991 and supports Spectrum’s model of aligning financial and tax planning. Wealth Enhancement said Spectrum’s team includes one advisor, 14 financial professionals, and five support staff, and oversees more than $182 million in client assets. The Spectrum and Putman leadership team includes Benjamin Ross Putman, CPA, CFP®, CEPA, PFS, CDFA, Founder and Principal, along with Sanaz Afshar, CPA, Joseph Reese, CPA, and Allan Ottens, CPA.
Wealth Enhancement, headquartered in Minneapolis, described the acquisition as a strategic fit for its broader approach that combines financial planning, investment management, brokerage, and tax-related services across a national footprint. The firm said it operates from 162 offices nationwide and continues to expand through acquisitions. In California, the addition of Spectrum increases its presence to 20 advisor offices.
The acquisition closed on December 15, 2025. Wealth Enhancement reported $128.8 billion in client assets as of November 30, 2025, including $4.4 billion in brokerage assets through Wealth Enhancement Brokerage Services. Spectrum Wealth Management reported approximately $182 million in client assets as of September 30, 2025. Wealth Enhancement said that, with previously announced acquisitions plus the Spectrum transaction, it now has more than $131.2 billion in client advisory, trust, and brokerage assets.
KEY QUOTES:
“Spectrum Wealth Management is an impressive and highly credentialed team. We’re particularly excited about their deep specialization in tax planning, which is a critical component of our integrated wealth management model.”
Jeff Dekko, Chief Executive Officer of Wealth Enhancement
“We strive to help our clients prosper so they can ‘Aspire and Live Life’ to the fullest. Joining Wealth Enhancement is the next step in fulfilling and expanding that promise, giving our clients access to even greater resources and support.”
Benjamin Ross Putman, Founder and Principal of Spectrum Wealth Management
“By welcoming this talented team of financial and tax professionals, we’re expanding our firm’s presence and capabilities in California. With the addition of Spectrum Wealth Management, Wealth Enhancement now operates 20 advisor offices across the state.”
Jim Cahn, Chief Strategy Officer of Wealth Enhancement
