Wealth Enhancement to Acquire Cloud Investments, Expanding into Alabama Market
Wealth Enhancement has announced the acquisition of Cloud Investments, an independent registered investment advisor (RIA) based in Alabama with over $462 million in client assets. This marks Wealth Enhancement's first entry into the state and increases its total client assets to more than $158.9 billion as of July 30, 2026. Cloud Investments operates three offices across Huntsville, Florence, and Gadsden and has been serving clients since 2006 with a focus on retirement planning, investment management, tax strategy, estate planning, and risk management. The firm's leadership team of five advisors is led by Don Cloud, who expressed enthusiasm about the expanded resources this partnership will provide. Jeff Dekko, CEO of Wealth Enhancement, emphasized shared values in client service and community impact as key to the acquisition decision. Jim Cahn, Chief Strategy Officer at Wealth Enhancement, noted that entering Alabama allows them to build on an existing foundation while leveraging their national scale.
Topics: Expansion Partnership Wealth Management