Minneapolis-based Wealth Enhancement, a national independent wealth management firm, has announced it will acquire Wealth Advocates, a hybrid registered investment advisory located
in Logan.
Wealth Advocates oversees more than $476 million in client assets and is led by John Mickelson.
“Wealth Advocates embodies the principles of holistic planning that are central to Wealth Enhancement’s roundtable approach to wealth management,” said Jeff Dekko, CEO of Wealth Enhancement. “We are pleased to welcome John and his team as we continue to broaden both our national footprint and presence in Utah — a high-growth market — in service of helping more families achieve their financial goals.”
Since its founding in 2017, Wealth Advocates has helped families with investment planning, tax planning, estate planning, insurance planning and income planning. The firm specializes in working with business owners, retirees and current or former employees of the state of Utah, Intermountain Healthcare, Northrop Grumman and Utah State
University.
“By leveraging Wealth Enhancement’s proven systems and processes, we can better help clients optimize their financial lives and pursue their goals with greater clarity and confidence,” said Mickelson. “We look forward to the opportunities this next chapter will bring.”
“Partnering with Wealth Advocates allows us to combine our strengths and further expand our team of talented advisors,” said Jim Cahn, chief strategy officer of Wealth Enhancement. “We’re excited about the collaboration and partnership with John and his team — now and in the years to come.”
The acquisition was expected to close on Dec. 31. Financial terms were not disclosed.