Wealth Enhancement Acquires Advisory Business from Dickerson Jackson & Associates
Wealth Enhancement has acquired the investment advisory operations of Dickerson Jackson & Associates, a hybrid registered investment adviser based in Glen Allen, Virginia. The firm was founded in 2004 and manages over $376 million in client assets with a team led by managing partners Jeff Dickerson and Todd Jackson. This acquisition follows Wealth Enhancement's recent purchase of the advisory business from Servo Wealth Management last month. Both deals reflect an ongoing strategy to expand its wealth management capabilities through strategic acquisitions. The firm is currently reportedly being courted for a potential $7 billion buyout, including debt, by private equity firms Carlyle and Bain Capital. Jeff Dekko, CEO of Wealth Enhancement, praised the disciplined approach of Dickerson Jackson & Associates' team, emphasizing their client-focused philosophy as an asset to the combined entity. The financial terms of this latest acquisition have not been disclosed.
