Wealth Enhancement expands with addition of Ascent Private Wealth

Core Insights - Wealth Enhancement has expanded its network by acquiring Ascent Private Wealth, increasing its total client advisory, trust, and brokerage assets to over $132.7 billion [1][5] - Ascent Private Wealth manages over $240 million in client assets and focuses on serving business owners and entrepreneurs [1][2] - This acquisition marks Wealth Enhancement's fourth location in South Carolina and follows recent acquisitions of AEGIS Financial and Spectrum Wealth Management [1][4] Company Overview - Wealth Enhancement is based in Minneapolis and has a growing presence in South Carolina with the addition of Ascent Private Wealth [1] - The acquisition of Ascent adds a team of two advisers and one support staff to Wealth Enhancement [1] - The firm emphasizes a client-first mindset and aims to enhance its service offerings through strategic partnerships [2][3] Recent Acquisitions - Earlier in the month, Wealth Enhancement acquired AEGIS Financial, adding over $468 million in client assets [4] - The acquisition of Spectrum Wealth Management contributed an additional $182 million in client assets and included a team of 14 financial professionals and five support staff [4][5] - These acquisitions reflect Wealth Enhancement's strategy to grow its asset base and enhance service capabilities [4][5]