Wealth Enhancement Group says it has acquired yet another independent registered investment advisor firm, this time one based in Colorado.

Founded in 2015 by Ross Fox, Matt Papazian, Marti Awad and Sarah Keys, Denver-based Cardan Capital Partners now has 13 team members offering asset and tax management, trust and estate advice, insurance reviews, charitable giving, education and retirement planning, as well as business financial planning to entrepreneurs, families and C-level executives both in Colorado and the rest of the country, according to Wealth Enhancement Group.

Cardan oversees more than $1 billion in client assets, the company says.

“We interviewed some of the best independent firms in the U.S. and Canada and feel confident that Wealth Enhancement Group will help and support our ongoing efforts to provide clients with an environment that they can thrive and have confidence in,” Keys said in a statement.

The deal, the financial terms of which the companies didn’t disclose, closed on December 1. As part of the transaction, Cardan will operate as The Cardan Team at Wealth Enhancement Group, and Cardan’s founding partners will continue acting as the financial advisors to their current clients while also joining Wealth Enhancement Group as senior vice presidents, according to the company.

In addition, Papazian has joined the Wealth Enhancement Group’s investment committee, the firm says.

With five deals last year, Wealth Enhancement Group was one of the top RIA acquirers in 2020, according to DeVoe & Co.

The firm has made three times as many acquisitions already this year.

The addition of Cardan is the firm’s 15th of 2021 and will raise its assets to $54.35 billion, Wealth Enhancement Group says.

The firm’s assets have grown accordingly.

In September, Wealth Enhancement Group said it was acquiring a $4.7 billion RIA firm based in North Carolina. At the time, the company said it was its 11th “integration” in 2021. And at that point, Wealth Enhancement Group had brought in around $12.5 billion in client assets just since the beginning of June — compared to the close to $7 billion in client assets added in all of 2020 and roughly $4.5 billion in all of 2019.

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