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| Wealth Enhancement Advisory Services LLC
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| CRD # | 116407 |
| SEC # | 801-60749 |
| CIK # | 0001632972 |
| AUM | 122.19 B (2026-06-30) |
| Employees | 1,700 (50% Investors, 28% Brokers) |
| Fees | |
| Minimum | |
| Phone | 763-417-1700 |
| Address | 505 N Highway 169 Plymouth, MN 55441 |
| Source | [IAPD] [EDGAR] [Website] [Twitter] [LinkedIn] |
| Total AUM ($B) |
|---|
| Fees and Compensation — Form ADV Part 2A (3/26/2026) [Brochure] |
|---|
Item 5—Fees and Compensation
In addition to the information provided in Item 4, this section provides details regarding our services along with descriptions of each service’s
fees and compensation arrangements. An ongoing fee for investment advisory services may cost you more than assets held in a traditional
brokerage account through WEBS. In a traditional brokerage account, a client is charged a commission for each transaction, and a WEAS
hybrid financial advisor has no duty to provide ongoing advice with respect to the account. If you plan to follow a buy-and-hold strategy for
some or all your assets, or if you do not wish to purchase ongoing investment advice or management services, you should consider opening
Wealth Enhancement Advisory Services, LLC 7 ADV Part 2A Disclosure Brochure | March 2026
a brokerage account. Please speak with your WEAS financial advisor to discuss the differences between a WEAS fee-based investment
advisory account and a Wealth Enhancement Brokerage Services “WEBS” brokerage account.
Investment Management Services
If you choose to engage our Investment Management Services, we begin the arrangement with an initial interview and data-
gathering process to assess your financial circumstances and individual needs, investment objectives, investment time horizon, and
risk tolerance.
Your financial professional receives a portion of the fees you pay us for financial planning, consulting, or asset management
services. They also can earn equity ownership interests in the firm and receive incentive-based compensation and equity awards
based on increased assets under management and firm revenue. This creates a conflict of interest because it can influence the
financial professional to recommend you add assets to your account, recommend higher fee schedules, and advise against
withdrawals, all of which will increase their compensation.
You will receive a general overview of investment recommendations tailored to your long-term goals, such as retirement planning,
or other components of an investment plan you may request. WEAS then identifies a mix of investments for diversification of your
portfolio, to align investment exposure with your risk tolerance and growth objectives.
WEAS may also engage separate management firms to assist in managing your assets. These firms charge a fee for their services,
which are in addition to WEAS’ advisory fees. Additional details on separate management programs are provided in this section of
this document.
Investment Management Services also include periodic monitoring and review of portfolio assets by WEAS. Such reviews are
performed by your WEAS financial advisor and/or by the WEAS Investment Management Department to determine if investment
options in the portfolio continue to match your investment objectives.
WEAS will complete portfolio changes using discretionary authority granted by the client. (For more information regarding Investment
Discretion, please see Item 16 of this brochure.)
Portfolio management, including analysis, trading, and rebalancing, may be done by your WEAS financial advisor and/or by the
WEAS Investment Management Department.
Portfolio strategies created by the WEAS Investment Management Department are managed through due diligence analysis of
investment products, portfolio performance, and rebalancing. These strategies are regularly reviewed and discussed during
Investment Committee meetings, which include the Chief Investment Officer and certain members of the WEAS Investment
Management Department. Additionally, WEAS has a Product Committee, consisting of various WEAS senior leaders, which meet
regularly to evaluate and approve new investment products offered through WEAS.
Clients should be aware that WEAS hybrid financial advisors may receive additional compensation, including annuity and mutual
fund trail fees and/or bonuses based upon the value of investments held in a client account when they are giving advice on these
and other investment products. (Please refer to Items 10 and 14 of this brochure for more information on how WEAS manages these
conflicts of interest.)
Each client’s account is monitored by their WEAS financial advisor and managed by their WEAS financial advisor and/or the WEAS
Investment Management Department. Please refer to the ADV Part 2B Brochure Supplement in this disclosure document for
additional information on the education, business standards, and business backgrounds of the WEAS Investment Management
Department.
WEAS Program Fee Schedule
Fees for Investment Management Services are calculated and payable either quarterly or monthly. Fees are due each billing period.
(This could differ with other investment programs and/or platforms.) Fees are determined as a percentage of assets under
management. Account values for fee calculation purposes are determined on the last business day of each billing period. WEAS
charges fees in arrears or in advance on either a quarterly or monthly basis. Fees billed in advance are based upon the account
value on the last day of the previous billing period.
Fees are calculated using the following methodology:
Billed Market Value x Fee Rate x Days in Cycle (generally 30 days (monthly) or 90 days (quarterly)) ÷ 360 = Fee Amount.
The advisory fees (if any are charged) may be waived for a period of time on investment products sold to a client for whom a WEAS
financial advisor earned a commission. Fees may also be waived or discounted for employees or relatives of employees of Wealth
... |
| Account Minimums and Types of Clients — Form ADV Part 2A (3/26/2026) [Brochure] |
|---|
Item 7—Types of Clients
WEAS generally provides investment advice to the following types of clients:
• Individuals
• High-net-worth individuals
• Trusts, estates, and charitable organizations
• Corporations and other businesses
• Pension and profit-sharing plans
To establish investment advisory services, all clients are required to execute an investment advisory agreement.
Minimum Investment Amounts Required
Separately managed account investment managers generally establish minimum account sizes for accounts. Minimum
requirements are established by the separately managed account investment managers that WEAS has agreements with. Minimums
can range between $50,000 and $5,000,000 and can vary considerably based upon factors outside of WEAS’s control. Accounts
Wealth Enhancement Advisory Services, LLC 12 ADV Part 2A Disclosure Brochure | March 2026
below the stated minimums may be accepted on an individual basis at the discretion of the separately managed account investment
manager. |
| Sector | Form 13F Holdings | Value ($B) | |
|---|---|---|---|
| Apple Inc | 1.9 | ||
| Nvidia Corp | 1.3 | ||
| Microsoft Corp | 1.0 | ||
| Amazon Com Inc | 0.8 | ||
| Alphabet Inc | 0.7 | ||
| Micron Technology Inc | 0.6 | ||
| Johnson & Johnson | 0.4 | ||
| J P Morgan Chase & Co | 0.4 | ||
| Broadcom Inc | 0.4 | ||
| Alphabet Inc | 0.3 | ||
| View All | |||
| Holdings by Sector ($B) |
|---|
| AUM Breakdown | Accounts | AUM ($B) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 53,562 | 72.3 |
| (b) Individuals (high net worth individuals) | 27,424 | 39.3 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 0 | 0.0 |
| (g) Pension and profit sharing plans | 1,096 | 6.0 |
| (h) Charitable organizations | 643 | 0.8 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 1,201 | 1.8 |
| (n) Other | 1,075 | 2.0 |
| Total | 221,892 | 122.2 |
| By Discretionary | ||
| Discretionary | 172,300 | 94.3 |
| Non-Discretionary | 49,592 | 27.9 |
| Total | 221,892 | 122.2 |
| By Non-United States Persons | ||
| Non-United States Persons | 0.3 | |
| United States Persons | 121.9 | |
| Total | 221,892 | 122.2 |
| EDGAR Form | CIK | 2011 - 2026 |
|---|---|---|
| 13F-HR | [0001632972] |
| Firm Profile (Form ADV) | |
|---|---|
| Discretionary AUM | $2.6B |
| Clients | 327 (1 non-US) |
| Serves | Institutional, Retail, Research |
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