Wealth Enhancement Group announces new leaders as client assets surpass $81B

investmentnews.com:

Wealth Enhancement Group announced some executive leadership appointments as it also celebrates surpassing $81 billion in client assets.

The nationwide wealth management firm has also seen growth in strategic markets across the U.S. including recent additions to firms using its RIA platform in Florida and Massachusetts with combined client assets of almost half a billion dollars.

Former chief investments and business development officer, Jim Cahn, becomes chair of the firm’s investment committee and chief strategy officer with a brief including helping drive inorganic growth and enhancements to WEG’s investment platform, and contributing to firm-level strategy.

“Our strategic focus on fostering both inorganic and organic growth continues to attract RIAs who seek to accelerate their growth by leveraging Wealth Enhancement’s growth platform,” said Cahn. “Firms that join us find they can offload certain central administrative functions and devote more time to servicing existing clients and expanding their practice.”

Michael Fredericks is joining the executive leadership team as chief investment officer. He was previously managing director and head of income investing at BlackRock, where he was key to establishing and growing its $32 billion multi-asset strategies and solutions group. As well as ensuring that financial advisors have the highest quality investment choices for their clients, he will drive the investment process for portfolios managed by Wealth Enhancement Advisory Services.

Finally, the firm’s new chief product officer is Dan Stampf, whose career spans advisory services through to launching and scaling new product offerings at Empower, Personal Capital, and Fisher Investments.

“Reaching these significant