Wealth Enhancement Advisory Services, LLC

RIASEC RegisteredEst. 2001

Total AUM

$122B

Discretionary

$94.3B

77% of AUM

Avg account

$551K

Accounts

221,892

Employees

1,700

Advisory reps

1,005

Firm details

Headquarters: Plymouth, Minnesota
CRD number: 116407
Registered since: December 21, 2001
Website: www.wealthenhancement.com
Custodians: CHARLES SCHWAB & CO., INC., FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees, Other
Client types: Individuals59.16%
HNWI32.18%
Pension & Profit Sharing Plans4.87%
Other1.64%
Corporations / Businesses1.47%
Services: Financial PlanningPortfolio Management for IndividualsPension ConsultingSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Wealth Enhancement Advisory Services, LLC is an independent registered investment adviser that has operated since 2001. The firm serves both individual and family clients as well as institutional accounts, offering financial planning, portfolio management for individuals and small businesses, pension consulting-related services, manager selection, and educational programs. It functions as a capital allocator and uses a mix of fee arrangements—percentage of assets under management, hourly and fixed fees, among others. The firm identifies as an active ESG investor and maintains affiliations across the financial services ecosystem, including broker-dealers, trust companies and insurance firms. The firm has been recognized repeatedly by industry publications, including multiple appearances on Barron’s and Forbes lists, placements in Financial Times rankings, and mentions from Citywire, AdvisorHub and FA Magazine across recent years.