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

964

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 organized as an LLC and active since the early 2000s. The firm serves high-net-worth individuals and families alongside institutional clients, acting as a capital allocator that blends discretionary portfolio management with financial planning, adviser selection, pension consulting and client education. Fee arrangements include percentage-of-AUM models as well as hourly and fixed-fee work, and the firm identifies itself as an active ESG investor. Service delivery spans traditional wealth management functions and linked industry roles—the firm has affiliations with broker-dealers, other investment advisers, trust companies and insurance firms. Wealth Enhancement Advisory Services has also received repeated industry recognition in rankings from outlets such as Barron’s, Forbes, the Financial Times, FA Magazine, Citywire and AdvisorHub across multiple years.