Wealth Enhancement acquires $462 million Alabama RIA

Wealth Enhancement will acquire the investment advisory business of Cloud Investments, an independent registered investment advisor (RIA) with three offices in Huntsville, Florence and Gadsden, Alabama.

Led by Don Cloud, president, Wealth Advisor, the team of five advisors and six support professionals manage more than $462 million in client assets.

Jeff Dekko, chief executive officer of Wealth Enhancement, said, "The best partnerships start with shared values. Cloud Investments is deeply committed to thoughtful financial planning, exceptional client service, and giving back to the communities where we live and work. We're excited to welcome Don and his team to Wealth Enhancement."

Founded in 2006, Cloud Investments has spent nearly two decades helping individuals and families prepare for and thrive in retirement. The firm provides comprehensive retirement planning, investment management, tax strategy, estate planning and risk management services. Serving professionals, business owners, and families throughout North Alabama, including those connected to the region's defence and aerospace industries, the firm has built lasting relationships by combining personalised advice with a disciplined approach guided by its philosophy of 'Strategy-Ethics-Performance.'

Don Cloud said, "We are excited about the enhanced resources and reach that this partnership will bring to our team. Our focus stays the same as it has always been, to provide a positive and lasting impact on our clients and community through dedication, excellence and integrity."

Jim Cahn, chief strategy officer of Wealth Enhancement, said, "This partnership marks Wealth Enhancement's first location in Alabama. As we officially enter this new market, we're excited to build on the foundation Don and his team have built while bringing our national scale and planning capabilities to even more families across the region."

Re-disseminated by Wealth and Society