Wealth Enhancement Acquires 2 North Carolina RIAs, Adding $993 Million in Assets

1 articles · Updated · Wealth Management · Jul 17

Wealth Enhancement added more than $993 million in client assets by acquiring Raleigh-area WealthShield Partners and affiliated Madison Oaks Wealth Partners, extending its reach among affluent and high-net-worth clients.
The Minneapolis-based RIA already oversees $158.2 billion and will keep the businesses operating under the Emerald Team and Madison Oaks Team names, preserving their existing client-facing identities.
WealthShield, founded in 2013, is led by Robert Leggett, while Madison Oaks, founded in 2017, is led by Scott Lord with partners Kenny Bollinger, Stuart Gay and John Maher.
The deal fits a broader wealth-management recruiting and consolidation push this week, with Indivisible adding an $800 million firm, Ameriprise attracting teams with $740 million, and LPL drawing advisors with about $1.1 billion.

Sources

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