Arizona
Wealth Enhancement expands with acquisition of Arizona RIA
Wealth Enhancement has deepened its foothold in the US with the acquisition of Manwaring Wealth Management, an RIA based in Arizona, US.
Financial terms of the transaction were not divulged.
The transaction brings on board a team that includes two advisors and two support staff, managing over $164m in client assets.
The acquired entity, founded by Joshua Manwaring, has been operational since 2014, offering a range of financial advisory services.
These services encompass financial and retirement income planning, alongside tax and estate planning.
Wealth Enhancement CEO Jeff Dekko said: “For more than two decades, Joshua Manwaring has built an impressive practice where clients are the top priority. His team’s core values and wealth management philosophy align well with our own, making them an ideal partner for Wealth Enhancement.”
Joshua Manwaring stated: “This partnership marks a new chapter for our team and clients, allowing us to enhance resources, broaden expertise, and continue delivering the high-touch, personalised service our clients have come to trust.
“While our name and scale will evolve, our commitment to serving each client with integrity, transparency, and care remains unchanged.
In March, Wealth Enhancement acquired the Wealth Services Division of First International Bank & Trust. The division, managing assets worth over $581m, was integrated into Wealth Enhancement Trust Services.
This acquired division provides trust and estate planning, as well as asset management, covering areas such as mineral, investment, and farmland management.
Wealth Enhancement, established in 1997, operates a network of over 152 offices, offering wealth management and financial advisory services.
Arizona
Arizona man convicted for role in bringing cocaine to Cincinnati, other US locations for over 5 years
CINCINNATI — An Arizona man has been found guilty of supplying dozens of kilograms of cocaine to multiple U.S. locations, including Cincinnati, bi-weekly for more than five years.
Tucson resident Cesar Cervantes, 52, was convicted of participating in drug trafficking and money laundering conspiracies in a jury trial after the government seized more than 160 kilograms of cocaine, three kilograms of fentanyl and $1.4 million in cash from him.
According to court documents, Cervantes would use a network to deliver drugs that originated in Mexico to multiple locations across the country, including designated couriers in Cincinnati, between at least July 2018 and August 2023. Officials said he would supply between 25 and 50 kilograms biweekly to his coconspirators.
Cervantes would then use money launderers to funnel money back to Mexico. In one instance, court documents said he had coconspirators deliver around $300,000 to two separate money launderers — one based in China and another in Colombia.
The jury found Cervantes guilty on all counts for his role in the conspiracies following a trial before U.S. District Judge Matthew W. McFarland in the Southern District of Ohio. He faces at least 10 years and up to life in prison.
Arizona
Backyard blaze erupts after Arizona monsoon lightning strike
Investigators are analyzing two ransom notes sent after Nancy Guthrie vanished, as a retired FBI agent questions whether the latest message is real. A new development in Nancy Guthrie’s disappearance centers on two ransom notes sent to her family after she vanished. Investigators believe the messages may have come from the same person or group, possibly from the same computer IP address. The first note demanded billions in bitcoin, while the second claimed Guthrie had died and offered an apology. Retired FBI agent John Iannarelli says he is skeptical of the second note and questions why the sender has not provided credible information about her location. The case remains active as detectives continue following any reliable leads.
Arizona
Lit cigarette sparks fire at Arizona wildlife park
CAMP VERDE, AZ (AZFamily) — An Arizona wildlife park is asking visitors to follow its rules after a visitor discarded a lit cigarette in the park, sparking a fire.
Park officials said Saturday a visitor ignored the no-smoking policy and threw a lit cigarette on the ground near the Tiger Splash Arena, causing the fire.
“If you are not willing to respect our policies, we understand that our park may not be the right destination for you,” Out of Africa Wildlife Park and Sanctuary said in a social media post.
Copper Canyon Fire and Medical District firefighters put out the fire before it could spread or threaten any animals, park officials said.
“Every policy we have in place exists for a reason, even if it may seem inconvenient to some visitors,” park officials said. “The outcome could have been devastating for the animals. We respectfully ask all visitors to follow the rules that are in place for everyone’s safety.”
Park officials said the safety of the animals, guests and staff is the highest priority.
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