This partnership increases Wealth Enhancement
Group's presence in the Lone Star State and brings the firm's total
client assets to more than $85.3
billion.
MINNEAPOLIS, July 2, 2024
/PRNewswire/ -- Wealth Enhancement Group, a national independent
wealth management firm with over $85.3
billion in client assets, announced the acquisition of
Starfox Financial Services, LLC, an independent RIA in The Woodlands, Texas. The team manages over
$254 million in client assets and is
led by Founding Partner & Wealth Advisor, Jose Palafox and Partner & Wealth Advisor,
Bill Friebel.
Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group,
said, "I'm pleased to welcome Jose, Bill, and their team to Wealth
Enhancement Group. The team at Starfox Financial Services treats
their clients like family and cares deeply for their community. The
level of dedicated, personal attention and care they provide makes
them a great fit for our firm, and I'm glad they chose to join
us."
Founded in 2006, Starfox Financial Services's motto has always
been "Faith, Family, Finance." The Starfox team provides
comprehensive wealth management including financial planning,
retirement planning, college planning, investment management, and
retirement income planning. They also work with businesses to
manage their retirement plans and increase the financial literacy
of their workforce. The team serves professionals, business owners,
retirees and their families to help them plan for and maintain
their financial independence.
Jose Palafox, Founding Partner
& Wealth Advisor of Starfox Financial Services, said, "We are
thrilled to join Wealth Enhancement Group. This strategic
partnership aligns with our philosophy of prioritizing client focus
and continuous growth. We anticipate enhancing the resources for
our clients, particularly in the areas of estate and tax planning.
Our experience with the entire Wealth Enhancement Group team has
been highly impressive."
Jim Cahn, Chief Strategy Officer
of Wealth Enhancement Group, said, "The advisors at Starfox are
highly credentialed, educated, and experienced, and they take a
collaborative wealth management approach to financial planning and
investment management. We're excited to bring them on board, so
they and their clients will have access to even more resources
through our Roundtable™ team of specialists."
The addition of Starfox Financial Services marks Wealth
Enhancement Group's sixth location in Texas.
About Wealth Enhancement Group
Wealth Enhancement
Group is an independent wealth management firm with an endless
passion for enriching the lives of our clients. We continually seek
to perfect our craft of personalized financial planning with our
team-based Roundtable™ and UniFi processes that go far beyond the
standard approach. We proudly provide tailored financial plans and
investment management services to serve the unique needs of over
61,000 households from our 115 offices - and growing -
nationwide. Since 1997, Wealth Enhancement Group has tirelessly
raised the standard of wealth management with specialized knowledge
and more attentive service that helps every client craft their
future. For more information, please visit
www.wealthenhancement.com.
Advisory services offered through Wealth Enhancement Advisory
Services, LLC (WEAS), a registered investment advisor. Certain
investment advisor representatives of WEAS are also registered
representatives of and offer securities through LPL Financial,
member FINRA/SIPC. Wealth Enhancement Group® and WEAS are separate
entities from LPL.
Wealth Enhancement Group and its Registered Investment
Advisor, Wealth Enhancement Advisory Services, had $84.8 billion in client assets, including
$4 billion of brokerage assets held
at LPL Financial, as of May 31,
2024. Starfox Financial Services, LLC had
approximately $254 million in client
assets as of February 13, 2024. With
the addition of previously announced acquisitions and the addition
of Starfox Financial Services, LLC's assets under management,
Wealth Enhancement Group has more than $85.3
billion in client, advisory, trust, and brokerage
assets.
Media Contacts
Marianne Gebhardt
Integrated Marketing Communications Manager
mgebhardt@wealthenhancement.com
Prosek Partners, on behalf of Wealth Enhancement Group
pro-weg@prosek.com
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SOURCE Wealth Enhancement Group