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Wealth Enhancement Group

WEG to Acquire $1.1B Investor Solutions

Miami-based Investor Solutions is Wealth Enhancement Group’s first South Florida location.

Investor Solutions in Miami will sell to Jeff Dekko’s Wealth Enhancement Group. The transaction will bring around $1.1 billion in client assets to WEG’s total of over $40 billion, and six more financial advisors.

Details of the transaction were not disclosed.

Frank Armstrong, CEO of Investor Solutions, said he wanted to sell his firm to a company that would help it not only scale quickly but also grow for decades to come.

Investor Solutions is WEG's 10th acquisition this year. It adds a fourth location to its Florida footprint and its first presence in South Florida.

Dekko said in a statement South Florida is a crucial market in WEG’s expansion goals into key regions throughout the country. Florida became a leading state in money migration in 2018, according to the Internal Revenue Service. In 2020, the state may have solidified its top spot once again as wealthy individuals, families and businesses sought refuge from the downsides of city living during the pandemic.

“We have found a strong partner that possesses the ideal combination of characteristics: a nearly 30-year track record of client success and a deep desire to continue growing and developing their capabilities,” said Dekko.

Once WEG completes the acquisition in October, Armstrong will be employed as a senior vice president and financial advisor.

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