Wealth Enhancement Advisory Services LLC

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Wealth Enhancement Advisory Services LLC
CRD #116407
SEC #801-60749
CIK #0001632972
AUM 122.19 B (2026-06-30)
Employees 1,700 (50% Investors, 28% Brokers)
Fees
Minimum
Phone763-417-1700
Address505 N Highway 169
Plymouth, MN 55441
Source [IAPD] [EDGAR] [Website] [Twitter] [LinkedIn]
Total AUM ($B)
13010478522601999200820172027
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)
806448321602015201920232027
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
Clients327 (1 non-US)
ServesInstitutional, Retail, Research
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