Wealth Enhancement Group, a fast-growing hybrid RIA backed by private equity, is set to acquire Pillar Pacific Capital Management, a $1.6 billion wealth and asset management firm based in California. This marks Wealth Enhancement’s third billion-dollar acquisition in just five months and expands its presence to the West Coast, including Los Angeles and San Francisco suburbs. Pillar Pacific’s team of advisors will focus on portfolio management and client servicing while Wealth Enhancement supports compliance, operations, and administrative tasks, streamlining growth.
Founders Mindy Ying and Arthur French evaluated 30 to 40 potential deals before choosing Wealth Enhancement to ensure the best outcome for clients, employees, and themselves. Upon closing, Pillar Pacific will operate under Wealth Enhancement’s brand, managing proprietary investment strategies through NorthCrest Asset Management, maintaining its CFA Institute Global Investment Performance Standards certification. This deal comes amid record-setting RIA M&A activity, as advisors respond to private equity interest, strategic growth opportunities, and potential tax changes under the Biden administration…