Avance Investment Management Makes Strategic Investment in RIA Advisory

Avance Investment Management Makes Strategic Investment in Alchemy Technology Group

July 22, 2024

IT Services

Avance Investment Management has made a strategic growth investment in Alchemy Technology Group, a Houston-based IT advisory, reseller, and managed-services provider focused on cybersecurity, cloud, and modern workspace solutions. The partnership will support Alchemy’s organic growth initiatives, expansion of its commercial and service capabilities, and pursuit of strategic acquisitions; terms were not disclosed.

Avance Investment Management Makes Strategic Investment in Clevertech

June 2, 2023

IT Services

Avance Investment Management has made a strategic/growth investment in Clevertech Partners LLC, a provider of end-to-end digital product development and digital transformation services. The deal (terms undisclosed) will support Clevertech’s expansion and scaling of its RemoteNative delivery model across North America and Western Europe while the existing management team remains in place.

Wealth Enhancement Group Acquires Retirement Advisory Group

November 8, 2023

Financial Services

Wealth Enhancement Group, a national independent wealth management firm, announced the acquisition of Retirement Advisory Group, a hybrid RIA based in Eden Prairie, Minnesota, bringing roughly $150 million in client assets and a five-person team into Wealth Enhancement's platform. The deal expands Wealth Enhancement Group's Twin Cities presence and increases its assets under management.

MAI Capital Management Acquires Evoke Advisors

October 31, 2025

Wealth Management

MAI Capital Management has completed its strategic acquisition of Los Angeles-based Evoke Advisors, creating a national RIA platform with roughly 600 employees and about $65 billion in combined AUM. The deal, effective October 31, 2025, brings Evoke leaders into MAI's expanded Office of Managing Partners to accelerate MAI's national footprint and capabilities for ultra-high-net-worth, family office and institutional clients; terms were not disclosed.

Avance Investment Management Invests in Synergy Infrastructure Holdings

January 20, 2022

Industrial Services

Avance Investment Management made a significant platform investment in Synergy Infrastructure Holdings, a Tampa-based construction equipment and specialty pump rental provider with 19 locations across the Southeastern U.S. Avance will partner with founder and CEO Juan Carlos "JC" Mas and the existing management team to expand Synergy's locations, products and service capabilities and to pursue organic growth and strategic acquisitions.

Wealth Enhancement Group Acquires Investor Solutions (Miami RIA)

August 12, 2021

Wealth Management

Wealth Enhancement Group announced the acquisition of Investor Solutions, a Miami-based independent RIA that oversees $1.1 billion in client assets and includes six financial advisors. The deal gives Wealth Enhancement Group its first South Florida office, will push its total client assets to roughly $40 billion, and is expected to close in October 2021 (terms not disclosed).