The wealth development team will grow with the addition of Scroggins Wealth Management, an independent RIA with more than $370 million in client assets. | Job Binary


This is Wealth Enhancement Group’s 11th acquisition of 2022, bringing its total client assets to more than $57.7 billion.

MINNEAPOLIS, October 5, 2022 /PRNewswire/ – Wealth Enhancement Group, a national independent wealth management firm $57.7 billion by total client assets, today announced the acquisition of Scroggins Wealth Management, an independent RIA with offices. New Lenox, Illinois, Naples, Florida and Fort Myers, Florida. The team at Scroggins Wealth Management follows more than anyone else $370 million in client assets.

“We are thrilled to welcome the Scroggins team to Wealth Enhancement Group. Over the past 24 years, they have built an incredibly successful business,” said Jeff Decco, CEO of Wealth Enhancement Group. “More importantly, they did it right, guided by an unwavering commitment to their clients’ best interests.”

Founded in 1998, Scroggins Wealth Management offers its clients comprehensive wealth management services. led by Michael Scrogginstheir team consists of four consultants and six support staff.

“We focused on the landscape and felt that joining the Wealth Enhancement Group would best position us and our clients for new success.” Michael Scroggins, founder and registered director of Scroggins Wealth Management. “In particular, the robust growth programs and expertise we have through the Wealth Enhancement Group’s Roundtable™ team of professionals is an exciting expansion of the advice and resources we can bring to our clients.”

Scroggins focuses on tax planning and a combination of virtual client interaction with personal services at their three locations.

“The visions of our two organizations are very closely aligned. We believe that clients today need and want ways to interact with their advisors in person and digitally,” he said. Jim Kahn, Chief Investment and Business Development Officer of Wealth Enhancement Group. “Even the Scroggins team’s CFP®, CPA, RICP®, CPFA designations show how much they value specialization, which is exactly what the Roundtable™ offers.”

The acquisition marks Wealth Enhancement Group’s 11thth Through inorganic and organic growth, it continues to expand its national footprint.

About Wealth Enhancement Group

Wealth Enhancement Group is an independent wealth management firm providing comprehensive and customized financial planning and investment management services. Now serving more than 45,500 households, the company has more than 75 offices nationwide and is growing rapidly through organic growth and acquisitions. Founded in 1997, Wealth Enhancement Group specializes in providing retail clients with the team knowledge and resources they need to make their financial lives easier. For more information, visit www.wealthenhancement.com.

Advisory services provided through Wealth Enhancement Advisory Services, LLC (WEAS), a registered investment advisor. Some, but not all, WEAS Investment Adviser Representatives (IARs) are registered representatives of LPL Financial, member FINRA/SIPC, and offer securities. Wealth Enhancement Group and Wealth Enhancement Consultative Services are separate entities from LPL Financial. Wealth Enhancement Group is a registered trademark of Wealth Enhancement Group, LLC.

Wealth Enhancement Group and its registered investment advisor, Wealth Enhancement Advisory Services, had client assets including $54.4 billion. $4 billion amount of brokerage assets August 31, 2022. Scroggins Wealth Management is over $370 according to the client’s assets, mln June 2022in it $100 million are brokerage assets held at LPL Financial. in Wealth Enhancement Group due to the combination of previously announced acquisitions and the acquisition of Scroggins Wealth Management $57.7 billion in client, advisory, trust and brokerage assets.

Media contacts
Maggie Habashi
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952-457-4571

On behalf of Prosek Partners, Wealth Enhancement Group
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SOURCE Wealth Enhancement Group



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