Wealth Enhancement Group buys $1.4 billion Hoover Financial Advisors This marks the second major deal since March for the $35 billion RIA, and it's a sign of more to come, according to CEO Jeff Dekko. June 3, 2021 Minneapolis-based hybrid advisory business Wealth Enhancement Group is acquiring Hoover Financial Advisors, a $1.46 billion hybrid registered investment adviser based in Malvern, Pennsylvania. The deal, which was announced early Thursday morning, will push Wealth Enhancement Group’s total client asset to nearly $35 billion once the deal closes around July 1. The announcement, which follows Wealth Enhancement Group’s March acquisition of North American Management, a Boston-based RIA managing $1.75 billion in client assets, underscores the firm’s aggressive acquisition strategy.