Wealth Enhancement, a national independent wealth management firm, has expanded its national presence with the acquisition of L.M. Kohn & Company, a Cincinnati-based hybrid RIA overseeing more than $2.2 billion in client assets. The transaction increases Wealth Enhancement’s total client assets to more than $131 billion and adds 23 employees across six locations in Ohio, Georgia, Iowa, and Michigan. The deal closed on December 6, 2025.
Founded in 1990, L.M. Kohn serves individual investors and financial professionals and is known for its fiduciary approach, long-term relationships, and financial planning services. The firm also provides benefits consulting for small businesses. Wealth Enhancement described the acquisition as strategically aligned with its planning-focused philosophy and a meaningful step in strengthening its footprint across the Midwest and South.
L.M. Kohn is led by founder and Chief Executive Officer Larry Kohn, who emphasized that joining Wealth Enhancement will allow the firm to advance its mission while giving clients access to expanded tools, services, and specialists. Wealth Enhancement CEO Jeff Dekko highlighted the firm’s substantial legacy, long-standing client dedication, and cultural alignment. Wealth Enhancement Chief Strategy Officer Jim Cahn added that the partnership complements the organization’s long-term strategy.
Wealth Enhancement, established in 1997, operates 162 offices nationwide and provides comprehensive financial planning, tax strategies, risk management, estate planning, and investment advisory services. The firm noted that the acquisition continues its multi-year strategy of adding specialized talent and expanding geographic reach to meet evolving client needs. The firm reported $128.8 billion in client assets as of November 30, 2025, including brokerage assets managed through Wealth Enhancement Brokerage Services. L.M. Kohn reported approximately $2.2 billion in client assets as of December 1, 2025.
Support: ECHELON Partners served as the exclusive financial advisor to L.M. Kohn for the transaction.
KEY QUOTES
“Larry Kohn has built a strong legacy of exceptional service and comprehensive wealth management for more than three decades. L.M. Kohn’s dedication to clients and community mirrors our own values. We look forward to welcoming the team’s deep bench of talent to Wealth Enhancement.”
Jeff Dekko, Chief Executive Officer, Wealth Enhancement
“I founded L.M. Kohn & Company with the belief that clients deserve independent, thoughtful financial guidance built on trust. Joining forces with Wealth Enhancement allows us to stay true to that mission while giving our clients access to even more sophisticated tools, services, and specialists – all without losing the personalized relationships that set us apart.”
Larry Kohn, Founder and Chief Executive Officer, L.M. Kohn & Company
“L.M. Kohn’s planning-first philosophy complements our strategic vision, making them a great addition to our firm. Through this acquisition we’ll be strengthening our national presence across the Midwest and South.”
Jim Cahn, Chief Strategy Officer, Wealth Enhancement
