Houlihan Lokey Advises RWA Wealth Partners

Houlihan Lokey is pleased to announce that RWA Wealth Partners (RWA) has entered into an agreement to be acquired by Wealth Enhancement Group (Wealth Enhancement). RWA Family Office adds trust, estate, tax, and administrative depth to Reserve by Wealth Enhancement™, the firm’s dedicated offering for ultra-high-net-worth clients. RWA Private Wealth will operate as advisor teams at Wealth Enhancement. The transaction was announced on September 30, 2026.

Headquartered in Boston, Massachusetts, RWA is an independent wealth management firm with approximately $22 billion in client assets.* Formed in 2023 through the combination of Adviser Investments and Ropes Wealth Advisors, RWA provides wealth management services through its Family Office and Private Wealth businesses, serving ultra-high-net-worth individuals, families, law firm partners, and institutions across the United States.

Wealth Enhancement is a national independent wealth management firm providing comprehensive financial planning, investment management, tax services, estate planning, retirement planning, and insurance consulting services. Upon closing, the combination is expected to further expand Wealth Enhancement’s ultra-high-net-worth and family office capabilities through Reserve by Wealth Enhancement, the firm’s dedicated offering for clients with complex wealth management needs.

Upon closing, RWA Family Office will continue to be led by Michelle Knight, JP Powers, Nicole LaChapelle, and Kristin Fazio, preserving continuity for clients and the professionals who serve them. RWA’s Private Wealth business will operate as advisor teams at Wealth Enhancement, with Steve Reder continuing to work directly with those teams. RWA Private Wealth serves high-net-worth individuals and families through personalized investment management and comprehensive financial planning, including integrated tax and estate planning.

The acquisition is expected to close in the fourth quarter and will represent an exit for Summit Partners.

Houlihan Lokey served as financial advisor to Summit Partners and RWA Wealth Partners in connection with the transaction.

*As of June 30, 2026.

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