Morningstar CEO Kunal Kapoor has joined the board of Wealth Enhancement Group, marking his first direct role with a registered investment advisor. Kapoor sees the position as a chance to gain deeper insight into the growing RIA industry, which has become increasingly important amid consolidation and rising investor interest in fiduciary advice. Morningstar provides advisory firms with solutions like Morningstar Office and Advisor Workstation, helping RIAs manage portfolios and reporting efficiently.
Wealth Enhancement Group CEO Jeff Dekko said Kapoor’s experience leading a national brand will support WEG’s growth from a regional firm to a national presence. Industry experts highlight Kapoor’s expertise in wealth technology and leadership as a strong asset for the firm’s affiliated advisors and clients. WEG has actively pursued acquisitions since 2015, growing from $4.7 billion to $25 billion in assets today. With Kapoor on board, the firm aims to strengthen its national platform and advisor solutions…