Lightyear Completes Wealth Enhancement Purchase from NEP
June 09, 2015
Lightyear Capital has purchased a majority stake in Wealth Enhancement Group from Norwest Equity Partners. Founded in 1997 and currently serving more than 10,000 households in over 40 states, WEG specializes in providing retail mass affluent and affluent clients with wealth management expertise and resources that are typically only available to large institutional investors. Since NEP's initial investment in 2007, the firm has nearly doubled its client assets from $2.4 billion to $4.7 billion.