Wealth Enhancement, a large wealth manager based in Minneapolis, has acquired Weinand Financial, a registered investment advisory firm RIA in Olympia, Wash., with more than $644 million in client assets. The deal, announced Tuesday, closed Aug. 15.

The team is led by Mike Weinand, a Certified Financial Planner, and includes four support staffers. It serves an almost exclusively retail client base with a mix of high- and nonhigh-net-worth individuals, according to its most recent Form ADV regulatory filing.

Weinand, founded in 1991, offers financial planning services and specializes in retirement planning. Some of its clients are state employees in Washington who rely on Weinand for advice on navigating their pension and retirement benefits.

Mike Weinand says that Wealth Enhancement will provide his team with resources to strengthen its service model. "We've spent more than three decades building Weinand Financial around the needs of our clients, and we were very intentional about what the next chapter should look like," he says. "It's an opportunity to strengthen what we offer clients today while building for the future."

This is the 12th deal that Wealth Enhancement has closed this year, and a spokeswoman says the firm's pipeline remains active, though she declined to offer a specific number of deals expected to close in the remainder of 2026. Wealth Enhancement has announced two deals this year that have yet to close. Other notable 2026 acquisitions include a $1.2 billion advisory team from TFB Advisors and Miramar Capital, a $592 million RIA.

The firm is backed by private-equity firms TA Associates and Onex Partners. Wealth Enhancement is an aggressive acquirer that now fields 194 offices throughout the country with $160.7 billion in total assets across its advisory, brokerage, and trust divisions.

Jim Cahn, Wealth Enhancement's chief strategy officer, says the deal helps build out its geographic footprint in a region it has identified as a growth priority.

"Weinand Financial strengthens our presence in Washington with a team that brings highly specialized retirement planning experience to our platform," he says. "The team adds meaningful depth to our capabilities in the region as we continue expanding across the Pacific Northwest."

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