Deals & Moves: Apollon Adds $650M RIA; Merit Snags $470M Advisory

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Apollon Wealth Management Adds $650M Wisconsin Firm

Apollon Wealth Management, a Charleston, S.C.-based registered concern advisor, has added Senglaub Financial Group, a Delafield, Wis.-based steadfast overseeing astir $650 cardinal successful lawsuit assets.

The firm, present operating arsenic Apollon Wealth - Senglaub Financial Group, is led by a father-daughter duo, Jeff Senglaub, wealthiness absorption advisor and managing director, and Christy Senglaub, wealthiness absorption advisor and managing director.

The steadfast leaves the Independent Financial Group, a San Diego-based autarkic broker/dealer, to marque the move, according to BrokerCheck, and is present brokering with Pursh Kaplan Sterling.

Jeff Senglaub said successful a connection that joining Apollon gives the steadfast entree to “enhanced resources, operational enactment and a broader level that we judge volition assistance america amended service our clients contiguous and into the future.”

Apollon Wealth and its advisory affiliate, Apollon Financial, collectively negociate astir $15 cardinal successful lawsuit assets.

Merit Financial Advisors Acquires Seattle-Based Pradel Financial Group

Merit Financial Advisors, a Georgia-based fiscal advisory steadfast that has been connected an acquisition tally this year, announced different woody for Pradel Financial Group, a Seattle-based wealthiness absorption steadfast with astir $420 cardinal successful assets nether absorption and astir 110 lawsuit households. 

The advisor, Paul Pradel, and his lawsuit narration manager, Jessica Moore, are leaving LPL Financial’s Commonwealth Financial Network to articulation Merit and volition instrumentality connected the Merit Financial marque name.

“No 1 I spoke with was arsenic focused connected helping maine turn arsenic Merit,” Pradel said successful a statement.

His steadfast joins different Commonwealth teams that person decided to articulation the increasing RIA, which is majority-owned by employees and has a number concern from Constellation Wealth Capital.

Wealth Enhancement Buys Oregon RIAs

Wealth Enhancement, different engaged RIA aggregator, announced this week the acquisition of 2 RIAs with combined assets of $426 million.

The larger firm, Lake Tahoe Wealth Management, has $318 cardinal successful lawsuit assets and a squad of 5 advisors led by CEO Debbie Grose. 

Grose had been the bulk proprietor of the steadfast she founded implicit 10 years ago, according to regulatory filings. The steadfast specializes successful moving with concern owners, professionals with equity compensation, and individuals approaching oregon successful retirement. 

Hue Partners advised Lake Tahoe Wealth connected the transaction.