Advisory M&A News – 12/24/2025

Wealth Enhancement to Acquire Aegis Financial, Dent Wealth Advisors

Wealth Enhancement Brokerage Services LLC, a Minnesota-based independent wealth management firm, will acquire Aegis Financial, an independent registered investment advisory that had $468 million in client assets as of September 30.

Aegis Financial has five advisers and 10 support staff led by President William Bowman and has offices in Milwaukee and Appleton and Oshkosh, Wisconsin. It provides services in financial planning, retirement, tax mitigation, wealth transfer, estate planning and investment strategy.

Wealth Enhancement will also acquire Dent Wealth Advisors, an independent RIA based in Baton Rouge, Louisiana. The firm is led by Founder and Principal Fred Dent, has three advisers and two support staff and oversees more than $340 million in client assets. It provides comprehensive financial planning, investment management, and 401(k) advisory services to individuals, high-net-worth families and charitable organizations.

Both acquisitions are expected to close on December 31. Wealth Enhancement and its RIA, Wealth Enhancement Advisory Services, had $128.8 billion in client assets as of November 30.

United Capital Financial Advisors Acquires Groebl Brothers

United Capital Financial Advisors, a registered investment adviser based in Irving, Texas, will acquire Groebl Brothers, an RIA based in Leawood, Kansas.

Groebl Brothers has more than $240 million in assets under management.

Joe Groebl founded Groebl Brothers in 2010 after working on Wall Street for 17 years. He and his brother, Tim Groebl, said in a joint statement that they joined United Capital for its “comprehensive suite of services” and the decision “was driven in large part by our desire to expand our offerings to our clients.”