Wealth Enhancement Group, a national independent wealth management firm, has announced the acquisition of Dempsey Investment Management, a South Burlington, Vermont-based registered investment adviser overseeing more than $150 million in client assets. The move strengthens Wealth Enhancement’s footprint in the Northeast and aligns with its strategy of partnering with firms that prioritize personalized, client-first financial planning.
Founded in 1994 by Donald F. Dempsey, Jr., Dempsey Investment Management has built a reputation for delivering tailored wealth management services, including comprehensive financial planning and investment management. With over 30 years of industry experience, Dempsey has served a diverse client base across Vermont and beyond, emphasizing customized solutions and long-term relationships.
The financial terms of the transaction were not disclosed.
Support: FP Transitions served as the M&A consultant on the transaction.
KEY QUOTES:
“As we continue to grow through strategic partnerships with likeminded firms, we are thrilled to expand our presence into Vermont. Donald Dempsey is a highly respected financial professional in Greater Burlington, and we are delighted to welcome him to Wealth Enhancement.”
Jeff Dekko, Chief Executive Officer of Wealth Enhancement
“I’m pleased to announce our partnership with Wealth Enhancement. By joining forces, we gain access to expanded capabilities that will further enrich our clients’ experience. I also believe the cultural alignment between our firms will foster long-term, trusted relationships with our clients.”
Donald Dempsey of Dempsey Investment Management
“We look forward to bringing Donald Dempsey’s talent and expertise to Wealth Enhancement. His high-touch, customized service model aligns perfectly with our mission to deliver deeply personalized financial guidance to our clients.”
Jim Cahn, Chief Strategy Officer of Wealth Enhancement
