Wealth Enhancement Acquires Ann Arbor Hybrid RIA, Tops $146.5B in Client Assets

Wealth Enhancement said it has acquired Parros Financial Group, a hybrid registered investment adviser in Ann Arbor, Mich., marking the national RIA aggregator’s first location in that market.

Parros Financial Group, led by founder Timothy Parros, manages more than $118 million in client assets and includes a team of three advisers and one support staff member, according to Wealth Enhancement. The Minneapolis-based firm, which announced its disaffiliation from LPL Financial in 2023, said the deal closed in March.

With the addition, Wealth Enhancement said it now oversees more than $146.5 billion in client advisory, trust, and brokerage assets, up from $146.4 billion as of Feb. 28, a total that included $5.5 billion in brokerage assets held through Wealth Enhancement Brokerage Services.

Chief executive officer Jeff Dekko said Parros’ team had built its business around long-term client relationships and planning. “That aligns closely with how we think about growth,” he said in a statement. “We’re excited to bring them into the firm and give them access to the broader resources here, while preserving what’s made them successful.”

Parros said the move was intended to support his firm’s continued growth and client service. “This partnership provides us with the flexibility, infrastructure, and strategic alignment necessary to continue delivering thoughtful, client-first financial guidance,” he said.

Chief strategy officer Jim Cahn said Wealth Enhancement was “honored” that Parros chose to join it.

Parros Financial Group describes itself as a fiduciary-focused practice offering investment management, financial planning, retirement strategies, and tax-efficient wealth solutions. Wealth Enhancement, founded in 1997, operates from more than 189 offices nationwide, according to the company.

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