Wealth Enhancement Advisory Services, LLC

Registered investment adviser · Plymouth, MN · CRD #116407

Form ADV data as of 2026-09-01

Regulatory assets

$122.19 billion

Total accounts

221,892

Employees

1,700

Disclosure events

Firm details

Website: http://www.wealthenhancement.com
Telephone: 763-417-1700
SEC file number: 801-60749
Most recent Form ADV filing: 2026-08-20
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$94.31 billion
Non-discretionary regulatory assets under management	$27.87 billion
Total regulatory assets under management	$122.19 billion
Discretionary accounts	172,300
Non-discretionary accounts	49,592
Total accounts	221,892
Regulatory assets under management attributable to non-U.S. persons	$258.7 million

People

Total employees (excluding clerical)	1,700
Employees performing investment advisory functions (including research)	850
Employees who are registered representatives of a broker-dealer	475
Employees registered as investment adviser representatives with a state	850
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	500
Firms or persons who solicit advisory clients on the firm's behalf	30

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$110.82 billion
Clients for whom the firm has custody	83,038
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$548.7 million
Clients for whom a related person has custody	345
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	Yes
Number of persons acting as qualified custodians for the firm's clients	44

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)Other

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshopsOther

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Trust companyInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends brokers or dealers to clients
Receives soft dollar benefits
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	53,562	$72.28 billion
High net worth individuals	27,424	$39.32 billion
Pension and profit sharing plans (not the participants or government plans)	1,096	$5.95 billion
Charitable organizations	643	$829.7 million
Corporations or other businesses not listed above	1,201	$1.80 billion
Other	1,075	$2.00 billion