Wealth Enhancement Group, an American wealth management firm, has acquired Titus Wealth Management, a hybrid registered investment advisor (RIA), for an undisclosed price.

Titus Wealth Management, which was founded in 2005, has three offices in San Mateo, Folsom, and Larkspur in California. Its team of advisors and support staff led by president and founder Eric Aanes manages over $776m in client assets.

Aanes said: “Titus Wealth Management provides its clients with realistic and sustainable financial plans to support them as they approach and move into retirement. This honest and direct approach fueled our rapid growth. As we considered the right partner to help us continue our trajectory, Wealth Enhancement Group was clearly the right firm for our clients and our team.

“We are extremely pleased to be aligned with one of the fastest-growing RIAs in the country.”

Wealth Enhancement Group said that the acquisition, its seventh this year, advances its growth strategy in important markets like Northern California. The company now has eight offices in the region.

Wealth Enhancement Group CEO Jeff Dekko said: “Eric built an impressive firm in nearly two decades providing asset management and financial planning services for pre-retirees and retirees.

“An estimated 75 million people are expected to retire in the coming years and the addition of Titus Wealth means Wealth Enhancement Group will continue to be well-positioned to help these individuals make the transition.”

Based in Greater Minneapolis, Wealth Enhancement Group offers financial planning and investment management services to clients across the US. Established in 1997, the company has more than $54bn in total client assets

Last month, it acquired Kings Point Capital Management, an RIA having offices in Great Neck in New York and Brentwood in Tennessee.