{"id":656491,"date":"2026-05-08T18:20:09","date_gmt":"2026-05-08T18:20:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/656491\/"},"modified":"2026-05-08T18:20:09","modified_gmt":"2026-05-08T18:20:09","slug":"apollon-adds-650m-ria-merit-snags-470m-firm","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/656491\/","title":{"rendered":"Apollon Adds $650M RIA; Merit Snags $470M Firm"},"content":{"rendered":"

Apollon Wealth Management Adds $650M Wisconsin Firm<\/p>\n

Apollon Wealth Management, a Charleston, S.C.-based registered investment advisor<\/a>, has added Senglaub Financial Group, a Delafield, Wis.-based firm overseeing approximately $650 million in client assets.<\/p>\n

The firm, now operating as Apollon Wealth – Senglaub Financial Group, is led by a father-daughter duo, Jeff Senglaub, wealth management advisor and managing director, and Christy Senglaub, wealth management advisor and managing director.<\/p>\n

The firm leaves the Independent Financial Group, a San Diego-based independent broker\/dealer, to make the move, according to BrokerCheck, and is now brokering with Pursh Kaplan Sterling.<\/p>\n

Jeff Senglaub said in a statement that joining Apollon gives the firm access to \u201cenhanced resources, operational support and a broader platform that we believe will help us better serve our clients today and into the future.\u201d<\/p>\n

Related:Rossby Financial Launches Advisor Profitability Calculator<\/a><\/p>\n

Apollon Wealth and its advisory affiliate, Apollon Financial, collectively manage about $15 billion in client assets.<\/p>\n

Merit Financial Advisors Acquires Seattle-Based Pradel Financial Group<\/p>\n

Merit Financial Advisors, a Georgia-based financial advisory firm that has been on an acquisition run this year<\/a>, announced another deal for Pradel Financial Group, a Seattle-based wealth management firm with nearly $420 million in assets under management and about 110 client households.\u00a0<\/p>\n

The advisor, Paul Pradel, and his client relationship manager, Jessica Moore, are leaving LPL Financial\u2019s Commonwealth Financial Network to join Merit and will take on the Merit Financial brand name.<\/p>\n

\u201cNo one I spoke with was as focused on helping me grow as Merit,\u201d Pradel said in a statement.<\/p>\n

His firm joins other Commonwealth teams that have decided to join the growing RIA, which is majority-owned by employees and has a minority investment from Constellation Wealth Capital.<\/p>\n

Wealth Enhancement Buys Oregon RIAs<\/p>\n

Wealth Enhancement, another busy RIA aggregator, announced this week the acquisition of two RIAs with combined assets of $426 million.<\/p>\n

The larger firm, Lake Tahoe Wealth Management, has $318 million in client assets and a team of five advisors led by CEO Debbie Grose.\u00a0<\/p>\n

Grose had been the majority owner of the firm she founded over 10 years ago, according to regulatory filings. The firm specializes in working with business owners, professionals with equity compensation, and individuals approaching or in retirement.\u00a0<\/p>\n

Hue Partners advised Lake Tahoe Wealth on the transaction.<\/p>\n

The other firm Wealth Enhancement acquired, Sherpa Wealth Strategies, had been managing more than $108 million in client assets from its headquarters in Bend, Ore. The five-person team is led by Brian Stallcop, who founded it as an LPL Financial affiliate in 2011 and made it independent in 2024, according to BrokerCheck.<\/p>\n

Related:$836M Ameriprise Team Launches Midwest RIA<\/a><\/p>\n

Stallcorp said in a statement that the sale will mean clients will \u201cbenefit from a broader ecosystem of specializations while continuing to receive comprehensive guidance.\u201d<\/p>\n

Minneapolis-based Wealth Enhancement has grown to more than $148 billion in advisory, trust, and brokerage assets under management.<\/a> It is majority owned by private equity firm TA Associates, with other stakeholders including Onex Corporation and employees.\u00a0<\/p>\n

Ameriprise Adds Former Commonwealth Team With $140 Million in Assets<\/p>\n

Strickoff Financial Services, led by Kive Strickoff, has joined Ameriprise Financial\u2019s branch channel from Commonwealth Financial Network. The advisor brings nearly $140 million in client assets to The Atlantic Group, a Boca Raton, Fla.-based Ameriprise financial advisory practice.<\/p>\n

Strickoff, along with two client service associates, joins Atlantic Group founding partners Andrew Lerner and Logan Shalmi. They manage more than $1.8 billion in client assets with 11 financial advisors and nine other staff.<\/p>\n

Related:Focus Sues Former Advisors Over Mosaic Name Dispute<\/a><\/p>\n

\u201cAfter meeting with local leadership and engaging in a thoughtful evaluation process, it became clear that Ameriprise and The Atlantic Group shared my values around client care, continuity and long-term growth,\u201d Strickoff said in a statement.<\/p>\n

Strickoff made the decision after being set up with a number of interviews by the Ameriprise External Practice Acquisition Program, according to the announcement.<\/p>\n

Ameriprise has added about 1,700 financial advisors in the last five years, including The Atlantic Group, which left Oppenheimer back in October 2025.<\/p>\n

&Partners Adds Two Practices With Combined $705 Million in Assets<\/p>\n

&Partners has added two new practices, 1796 Private Wealth and Nemec Wealth Advisors, which combined oversee $705 million in client assets, the rapidly growing hybrid RIA<\/a> said this week.<\/p>\n

1796 Private Wealth, based in Westlake, Ohio, joins with $590 million in assets from Wells Fargo and is led by Clint Rickett, founder and partner, and Dennis Champa, founder and managing director, along with two client service staff.<\/p>\n

Nemec Wealth Advisors, based in Lake Suzy, Fla., joins with $115 million in prehire assets from Edward Jones and is led by founder Nicholas M. Nemec, along with a practice director and client service staff.<\/p>\n

&Partners now includes 114 advisor practices and about $54 billion in assets after client transitions.<\/p>\n","protected":false},"excerpt":{"rendered":"Apollon Wealth Management Adds $650M Wisconsin Firm Apollon Wealth Management, a Charleston, S.C.-based registered investment advisor, has added…\n","protected":false},"author":2,"featured_media":656492,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":["post-656491","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/656491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=656491"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/656491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/656492"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=656491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=656491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=656491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}