Wealth Enhancement has agreed to acquire RWA Wealth Partners, expanding its capabilities for ultra-high-net-worth and family office clients and bringing the combined organizations to more than $187.1 billion in client advisory, trust and brokerage assets.
RWA operates through its Family Office and Private Wealth businesses and has approximately $22.46 billion in client assets as of June 30, 2026. Wealth Enhancement and its registered investment adviser had $164.6 billion in client assets, including $5.5 billion in brokerage assets, as of August 31, 2026.
The transaction is expected to close in the fourth quarter of 2026 and will represent an exit for Summit Partners.
RWA is headquartered in Boston and led by Michelle Knight, Chief Executive Officer and Chief Economist. It also has offices across Massachusetts, California, Illinois and Michigan and is one of the largest woman-led registered investment advisers in the U.S.
Following the acquisition, RWA’s Family Office operation will add capabilities to Reserve by Wealth Enhancement, the firm’s offering for families that have generally accumulated $25 million or more in investable assets and require more complex planning across investments, taxes, estates, trusts, business ownership and succession.
Reserve combines senior advisers with specialists who can coordinate financial decisions across different disciplines and work alongside a client’s outside professionals.
RWA Family Office adds particular expertise in trusts, estates and family governance, giving Wealth Enhancement additional resources for families whose financial affairs span multiple generations, businesses, private investments, real estate, concentrated positions, charitable organizations and trusts.
RWA’s family office capabilities trace their roots to Ropes Wealth Advisors, which was previously a wholly owned registered investment adviser of global law firm Ropes & Gray. Ropes Wealth Advisors combined with Adviser Investments in 2023 to create RWA Wealth Partners.
Those capabilities include trust administration, professional trustee services, estate planning coordination and estate settlement, along with personal and fiduciary tax planning, estate and gift tax analysis, tax projections and planning around liquidity events.
The combined platform is designed to address interconnected financial decisions that can emerge during events such as the sale of a business, administration of multigenerational trusts, changes in compensation, estate settlements or major family transitions.
Following closing, Michelle Knight, JP Powers, Nicole LaChapelle and Kristin Fazio will continue leading RWA Family Office, providing continuity for clients and employees.
RWA’s Private Wealth operation will become adviser teams within Wealth Enhancement, while Steve Reder will continue working directly with those teams. RWA Private Wealth provides personalized investment management and comprehensive planning to high-net-worth individuals and families, including integrated tax and estate planning.
Wealth Enhancement operates approximately 200 local offices nationwide and provides services including estate planning, integrated tax services, investment management, insurance consulting, retirement income planning and business consulting.
The combined asset figure of more than $187.1 billion also includes $8.5 billion in assets with Advisory Solutions Group, a registered investment adviser.
KEY QUOTES:
“One of the core founding principles of Wealth Enhancement was to provide complex financial planning to high-net-worth and ultra-high-net-worth clients. RWA’s capabilities will strengthen how we meet those needs. Its established family office capabilities add depth to how we serve ultra-high-net-worth clients with deep specialization in trusts and estates, tax-aware planning, and the seamless coordination required to turn advice into action.”
Jeff Dekko, Chief Executive Officer of Wealth Enhancement
“Wealth Enhancement shares our belief that comprehensive wealth management starts with a deep understanding of each client and the life they are working to build across generations. This human side of wealth has always been central to how we serve families, because behind every financial decision is a set of goals, values, and aspirations. Joining forces with Wealth Enhancement gives our teams access to the scale, resources, and breadth of a large national firm while allowing us to continue delivering the highly personalized, authentic advice our clients expect.”
Michelle Knight, Chief Executive Officer and Chief Economist of RWA Wealth Partners
“As families’ wealth grows, the decisions surrounding it become more interconnected. RWA brings a model designed for that reality. Combined with the broad capabilities behind Reserve, it will strengthen our ability to turn complexity into clear, coordinated advice.”
Jim Cahn, Chief Strategy Officer of Wealth Enhancement
“We believe this combination will bring together two industry leaders with strong legacies and demonstrated experience serving clients across the wealth spectrum. We are honored to have been a part of RWA’s growth the last few years.”
Matt Hamilton, Managing Director at Summit Partners
“Michelle’s vision and commitment have been instrumental in building RWA into the firm it is today. We are grateful for her leadership and excited for this next chapter for the RWA and Wealth Enhancement teams and the clients that they serve.”
Ashley Smith, Principal at Summit Partners
