$462 million in client assets will come to Wealth Enhancement through its agreed acquisition of Cloud Investments' advisory business, giving the firm its first Alabama location.
Cloud Investments brings offices in Huntsville, Florence and Gadsden, plus a team led by President Don Cloud with five advisors and six support staff serving northern Alabama clients.
Wealth Enhancement said the deal pairs Cloud's regional relationships with its national planning, investment and operating platform and is expected to close on July 31, 2026.
Including Cloud and previously announced transactions, Wealth Enhancement expects to oversee more than $158.9 billion in advisory, trust and brokerage assets, up from about $158.2 billion on June 30.