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BTR and WEG

Park Sutton advises $1.1 billion BTR in Fifth California Deal

New York, NY, November 17, 2022 – Park Sutton Advisors, a Waller Helms Company (“PSA”), is pleased to have represented BTR Capital Management, Inc (“BTR”) on its announced acquisition by Wealth Enhancement Advisory Services (“WEAS”), a leading registered investment advisor with over $50 billion in assets under management and advisement. Headquartered in Oakland, CA, BTR was founded in 1989 and manages $1.1 billion in assets under management. The Firm brings a highly talented team with over 150 years of combined experience in financial services to WEAS. Terms of the transaction were not disclosed.

BTR’s President, John Stratton, said, “As we considered the right partner to help us continue to serve our clients in the very best manner, Wealth Enhancement Group was clearly the right firm for our clients and team. We are extremely pleased to be part of one of the fastest-growing RIAs in the country.”

Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group, added, “BTR places a high emphasis on the quality of communication with its clients by seeking open, honest, and transparent interactions every step of the way, which is aligned with our firm’s philosophy.”

The transaction was led by Dan Erichson, CFA, Managing Director at PSA. In regard to this transaction, he said, “In a changing landscape where advanced financial, tax, trust, and estate planning capabilities are becoming increasingly important to have under one roof, Wealth Enhancement Group serves as the ideal partner for BTR who was seeking to wrap these capabilities around client relationships, while also maintaining its roots as an asset manager to high-net-worth clients.”

Erichson added, “California remains a highly attractive market for wealth management acquisitions and we are pleased to have returned here for our fifth deal in just the past two years. We wish both sides the best of luck in their new partnership”.

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