Industry News
Wealth Enhancement eyes business transition services with $4.3bn Marcum buy
Sam Bojarski / Mar 26, 2025
Wealth Enhancement chief strategy officer Jim Cahn said WE offers services like trust planning that can complement Marcum's existing capabilities.
Marcum Wealth’s specialty in business transition planning was a key factor in Wealth Enhancement’s (WE) recent decision to buy, the latter firm’s chief strategy officer, Jim Cahn, told Citywire.
Citywire reported last week that WE had agreed to buy the Cleveland RIA, which had previously been owned by national accounting firm Marcum LLP. WE has since said that the deal should close in May and that Marcum Wealth had about $4.3bn in client assets as of December 2024.
Cahn said WE has executed a handful of deals with firms that had former accounting affiliations, acknowledging the value of advisors who understand tax planning. He also touched on a core focus for the Marcum Wealth team: exit planning for business-owner clients.
‘That ability to surround the legacy Marcum advisors with our capabilities is going to help them grow faster,’ said Cahn, mentioning WE’s trust services in particular.
‘When we started talking to Marcum, we realized they have an extremely deep bench of talent,’ Cahn added....
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Apr 01, 2025
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