Transactions

Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
and
have been acquired by
Financial Advisor to Lynch Retirement Investment Group and The Retirement Group May 2024
Park Sutton Advises $800 Million The Retirement Group and $500 Million Lynch Retirement Investment Group on combined sale to Wealth Enhancement Group
Industry: Investment Services
Type: Sell-Side M&A

New York, NY, May 8, 2024 – Park Sutton Advisors, a Waller Helms Company (“Park Sutton”) is pleased to have represented The Retirement Group, LLC (“TRG”) and Lynch Retirement Investment Group, LLC (“LRIG”) on their sale to Wealth Enhancement Group (“WEG”), one of the fastest growing wealth managers in the U.S. with more than $82 billion in AUM and headquartered in Minneapolis, MN.

TRG is led by John Jastremski, headquartered in San Diego, CA with approximately $800 million in AUM, and LRIG is led by John Lynch, headquartered in Columbia, MD with approximately $500 million in AUM. Both firms specialize in pension plan rollovers and focus on providing financial planning and retirement services to employees of Fortune 500 companies across various industries. The CEOs have known each other for nearly thirty years and long collaborated with a shared passion for the industry. Park Sutton jointly marketed the two firms at the outset of the process and worked with the CEOs to affect a transaction as one firm.

John Jastremski shared, “After meeting with several large, nationally recognized firms, we felt our vision to offer premier services to corporate retirees and small business owners would be best met by partnering with Wealth Enhancement Group. They offer a level of client service that is unmatched in the industry. We have focused on going above and beyond in client services, and we believe this partnership is the final piece of the puzzle. By teaming up with Wealth Enhancement Group, we will be able to provide an unparalleled range of client services, including comprehensive wealth management, in-house tax preparation, trust services, estate planning, power of attorney, insurance, and much more."

“By partnering with Wealth Enhancement Group, our team will gain access to more resources and services to better serve our clients.” said John Lynch.

“Our combined strengths will foster an even more robust and comprehensive financial planning environment.” said Jim Cahn, Chief Strategy Officer at WEG.

Park Sutton Managing Director, John Eubanks, CFP, said, “Both TRG and LRIG were a pleasure to work with and have found a unique niche that complements WEG’s business model. Their targeted marketing strategy towards Fortune 500 companies has created hundreds of thousands of qualified leads and continues to be a strong source of growth for both businesses.”

Park Sutton Director, Donald Schipf, who co-led the transaction stated, “The partnership with WEG is mutually beneficial and makes strategic sense. We wish them the best of luck moving forward.”