Wealth Enhancement Group – a national independent wealth management firm with over $96.6 billion in client assets – announced the acquisition of M&R Capital Management, an independent RIA in Summit, New Jersey. The team of three financial advisors and three support staff oversees over $536 million in client assets and is led by John Maloney, Chairman and Chief Executive Officer.
M&R Capital Management was launched in 1993 with integrity, client centricity, and community involvement at the forefront of their practice. And the firm offers customized financial solutions to their clients including investment management, separate account management, and retirement planning. This team has specific experience working with high-net-worth individuals, pilots, business owners, and non-profit organizations.
This acquisition of M&R Capital Management marks Wealth Enhancement Group’s 15th closed transaction of 2024.
Park Sutton Advisors, a Waller Helms Company, served as the financial advisor to M&R Capital Management in the deal.
KEY QUOTES:
“John and his team are an excellent addition to our firm. We are pleased that they’ve chosen to join Wealth Enhancement Group. Through our partnership, they can access our extended suite of central services and free up more time to invest in strengthening client relationships and growing their practice.”
– Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group
“This acquisition represents an exciting new chapter for our firm and our clients. By joining forces with Wealth Enhancement Group, we’re able to enhance our services, expand our resources, and continue to provide personalized financial strategies. Our clients will benefit from the added scale and solutions while maintaining the high level of care and attention they’ve come to expect from us.”
– John Maloney, Chairman and Chief Executive Officer of M&R Capital Management
“Joining forces with M&R Capital Management will bolster our presence in New Jersey, allowing us to serve more individuals in the Tri-State Area and beyond. We look forward to the deep experience and sophistication the team will bring to Wealth Enhancement Group.”
– Jim Cahn, Chief Strategy Officer of Wealth Enhancement Group
