Wealth Enhancement Group Acquires Titus Wealth Management, A Hybrid Ria With More Than $776 Million In Client Assets
Jul 14, 2022•over 3 years ago
Acquiring Company
Dempsey Investment Management
Acquired Company
Dempsey Investment Management
PlymouthPlymouthProfessional ServicesProfessional ServicesDescription
Wealth Enhancement Group, an independent wealth management firm, with over $54 billion in total client assets today announced the acquisition of Titus Wealth Management, ("Titus Wealth"), a hybrid RIA with three offices in San Mateo, Larkspur and Folsom, California. Titus Wealth's team of eight advisors and five support staff, led by President and Founder Eric Aanes, ChFC®, AIF, oversee more than $776 million in client assets*. This partnership furthers Wealth Enhancement Group's growth strategy in key markets, such as Northern California.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed