Wealth Enhancement Acquires Alaska-Based Arbor Capital Management
Wealth Enhancement has acquired the advisory business of Arbor Capital Management, an independent registered investment advisor (RIA) based in Alaska with over $345 million in client assets. This acquisition marks Wealth Enhancement's first office in Alaska and increases its total client assets to more than $161.7 billion. Arbor Capital Management was founded in 1996 and has served clients across the U.S., specializing in wealth management for retirees, executives, business owners, and families. The firm’s leadership includes Matthew Kolesky and Ty Schommer, who will continue to manage client relationships under Wealth Enhancement's umbrella. Jeff Dekko, CEO of Wealth Enhancement, highlighted Arbor Capital Management’s strong community ties and long-standing reputation in Alaska as key factors for the acquisition. Jim Cahn, Chief Strategy Officer at Wealth Enhancement, noted that this move expands their presence into a new market with an established local team.
Topics: Mergers & Acquisitions RIA Acquisition Wealth Management