Wealth Enhancement Group Acquires FinTrust Capital Advisors

Wealth Enhancement Group, an independent wealth management firm with more than $94.7 billion in client assets, announced a further expansion of its wealth management and workplace plan advisement footprint.

WEG announced Wednesday the acquisition of FinTrust Capital Advisors LLC, which oversees more than $2.39 billion in client assets, including retirement plan advisement and services.

Founded in 2007, FinTrust Capital Advisors is a hybrid registered investment advisory headquartered in Greenville, South Carolina, headed by CIO Allen Gillespie and including a team of 14 advisers and 13 support staff. The firm has additional office locations in Anderson, South Carolina, and Athens, Georgia. 

In addition to individual and family wealth management, FinTrust Capital Advisors offers a range of defined contribution and defined benefit plan advisement services, primarily for corporate and institutional clients. The firm provides fiduciary consulting and retirement plan consulting, focusing on helping companies of various sizes manage their employee retirement programs.

The firm’s services include advising on investment strategies, plan design and ongoing compliance to ensure that retirement benefits are optimized for both employers and employees.

“Our firm was built on the premise that the best wealth management advice combines investment management guidance, advanced financial planning, and tax strategies with strong client relationships,” Gillespie said in a statement. “Joining Wealth Enhancement Group allows us to strengthen that promise by tapping into their robust network of central services.” 

FinTrust’s services expand WEG’s institutional client offerings, particularly in retirement planning and fiduciary consulting. The acquisition also enhances WEG’s portfolio by adding expertise in managing complex retirement plans. 

 WEG has been expanding its client base in plan advisement in the last several years, recently reporting about $5 billion in retirement plan assets in retirement plan coverage. Wealth Enhancement Group’s acquisitions in 2024 include Gavin Financial Group in June, Peak Financial Management in July and Levy Wealth Management in September. The firm did not immediately respond to break down how much of its asset base is in retirement plans. 

Park Sutton Advisors, a Waller Helms company, served as the exclusive financial adviser to FinTrust Capital Advisors.