Deals Of The Day: The Latest In Wealth Management M&A - Wealth Enhancement Group, Vivid Financial Management

Editorial Staff

9 December 2021

Wealth Enhancement Group is joining forces with Vivid Financial Management, a hybrid registered investment advisor located in three places on California's Central Coast.

Vivid Financial Management's six advisors collectively oversee $674 million in client assets. The transaction will be Wealth Enhancement Group's 16th of 2021, raising its total client assets to $55.02 billion, it said in a statement today.

Founded in 2015, Vivid’s creators are Julie Darrah, Brad Boulton, Todd Woodland and Tim Miller. Their clients include executives, entrepreneurs, multigenerational families and clients in specific industries, including physicians, dentists, educators, engineers and farmers. It offers financial planning services, asset management, tax services, estate planning and insurance planning, as well as qualified retirement plan support for small business owners.

With the addition of Vivid Financial's three locations – in Orcutt, Lompoc and Arroyo Grande – Wealth Enhancement Group will have a total of seven offices in California, it said.

The transaction will close on December 31. Darrah, Boulton and Miller will serve as senior vice presidents, financial advisors at Wealth Enhancement Group.