Wealth Enhancement acquires Dickerson Jackson advisory business

Private Banker International··US·Read original
2▲0 ▼0Impact / 5
Summary · why it matters

Wealth Enhancement has acquired the investment advisory operations of Dickerson Jackson & Associates, a hybrid registered investment adviser based in Glen Allen, Virginia, with financial terms undisclosed. The acquired business includes a four-person team led by managing partners Jeff Dickerson and Todd Jackson, overseeing more than $376 million in client assets. Dickerson Jackson, founded in 2004, offers services such as financial planning, investment management, retirement planning, and estate planning. This deal follows Wealth Enhancement's acquisition of Servo Wealth Management last month, which supervises over $210 million in client assets. The company is reportedly the target of a bidding war between Carlyle and Bain Capital, which could value it at roughly $7 billion including debt.

Impact on assets 1

Financials▲ · 1 stocks
Carlyle Group Inc
CG
± MixedCapitalrelevance

Reportedly in a bidding war with Bain Capital to acquire Wealth Enhancement at roughly $7 billion including debt.

Off-coverage companies 4

Dickerson Jackson & AssociatesPrivate± Mixed
Capitalrelevance

Its investment advisory operations were acquired by Wealth Enhancement for undisclosed terms.

Wealth Enhancement GroupPrivate▲ Positive
Capitalrelevance

Wealth Enhancement acquired Dickerson Jackson's advisory operations, adding over $376 million in client assets.

Bain CapitalPrivate± Mixed
Capitalrelevance

Reportedly in a bidding war with Carlyle to acquire Wealth Enhancement at roughly $7 billion including debt.

Servo Wealth ManagementPrivate± Mixed
relevance

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