Wealth Enhancement Group to acquire RCL Advisors.

Wealth Enhancement Group, an independent wealth management firm that oversees $13.6bn in client assets, agreed to acquire RCL Advisors, a registered investment advisor based in New York. Financial terms were not disclosed. The addition of RCL Advisors expands Wealth Enhancement Group’s presence in the densely populated New York-New Jersey-Connecticut tri-state area and builds on the firm’s momentum in establishing itself as a leading national wealth management and financial planning brand, driven by a combination of organic growth and targeted acquisitions in key markets across the country. "From our first meeting with the team at RCL Advisors, we could immediately see that they would be a great fit with Wealth Enhancement Group. They are entrepreneurial and passionate about providing clients with amazing service experience, and their excellent track record proves it. We look forward to working with RCL Advisors to build on their success, and we are excited to help them continue to expand their presence in the tri-state area – geography that is a key strategic focus for us going forward.” Jeff Dekko, Wealth Enhancement Group Chief Executive Officer.