WEG buys $1.3bn Philadelphia hybrid RIA

Written By Matt Rozen

The acquisition of Levy Wealth Management Group brings private-equity backed WEG to $90.5bn in total client assets.

Wealth Enhancement Group’s (WEG) eleventh RIA acquisition of 2024 is also its largest of the year so far.

The private equity-backed mega-RIA announced on Thursday that it has snapped up Levy Wealth Management Group, a hybrid firm based in Philadelphia with more than $1.3bn in assets under management and advisement.

David Selig of M&A consultancy Advice Dynamics Partners served as Levy Wealth’s advisor in the transaction.

Matt Rozen
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