Wealth Enhancement Group acquires $1.6 billion RIA

Wealth Enhancement Group, a Minneapolis-based hybrid advisory firm overseeing $57 billion in assets, said Thursday that it has acquired Sadoff Investment Management, a registered investment advisory firm managing $1.6 billion in assets.

Milwaukee, Wisconsin-based Sadoff was founded in 1978 by Ronald Sadoff. It has three advisers, Ronald, Bryan and Michael Sadoff, and three staff members.

This is Wealth Enhancement Group’s ninth deal this year, following the acquisition of $663 million Pinnacle Private Wealth in Burlington, Massachusetts, which was announced last week, and its purchase of Titus Wealth Management, a hybrid RIA overseeing $776 million, in July.

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