Wealth Enhancement Group, an independent wealth management firm, has snapped up Asset Management Resources, an independent registered investment advisor (RIA) in Hyannis, Massachusetts.

The team, led by J. Christopher Boyd, will bring about $236m in assets under management.

With the addition of Asset Management Resources’ assets under management, Wealth Enhancement Group has now more than $71.7bn in client, advisory, trust, and brokerage assets. 

The latest deal represents Wealth Enhancement Group’s 18th acquisition of this year and increases the number of group offices in the state of Massachusetts to four.

Wealth Enhancement Group CEO Jeff Dekko said: “We are thrilled to have the Asset Management Resources team join our firm. They are a hardworking team whose values are aligned with our firm’s values.

“Both of our firms are committed to helping people achieve their goals by creating a better financial services approach centred completely around our clients. We are excited to bring Chris and his team on board.”

Since 2008, Chris and Asset Management Resources have been dedicated to assisting clients in achieving a sense of security during their retirement years.

The firm specialises in offering financial planning, wealth management, and portfolio management services tailored to individuals approaching or currently in retirement.

Asset Management Resources founder J Christopher Boyd said: “We are excited for our clients and community to benefit from our partnership and the extensive depth of services and talent available at Wealth Enhancement Group.

“We envision providing the best of our organisations – our local office’s intimate personal client experience with the benefits and depth of scale of one of the nation’s largest and fastest growing registered investment advisor firms.”

Wealth Enhancement Group chief investments and business development officer Jim Cahn said: “The team at Asset Management Resources has built strong connections with their clients over the last 15 years. We are eager to work with Chris and his team, and we are confident that we will continue to assist our clients in succeeding financially.”