RIA comparison · SEC Form ADV
Wealth Enhancement Advisory Services, LLC vs Mercer Global Advisors Inc.
Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.
The short answer
Wealth Enhancement Advisory Services, LLC is the larger of the two, with $122B in regulatory assets to $84B at Mercer Global Advisors Inc., 45% more than its rival, by their latest Form ADV filings. Wealth Enhancement Advisory Services, LLC reports more individual clients (80,986 vs 35,044), while Mercer Global Advisors Inc’s clients hold more on average (about $2.2 million each against $1.4 million). Wealth Enhancement Advisory Services, LLC is based in Plymouth, Minnesota and Mercer Global Advisors Inc. in Denver, Colorado.
| Figure | Wealth Enhancement Advisory Services, LLC | Mercer Global Advisors Inc. |
|---|---|---|
| Regulatory AUM | $122B | $84B |
| National rank | #11 | #13 |
| Headquarters | Plymouth, Minnesota | Denver, Colorado |
| Individual clients | 80,986 | 35,044 |
| High-net-worth clients | 27,424 | 18,398 |
| Average client assets | $1.4 million | $2.2 million |
| Accounts | 221,892 | 116,310 |
| Discretionary | 77% of AUM | 98% of AUM |
| Employees | 1,700 | 1,429 |
| Advisory staff | 850 | 632 |
| Clients per advisory employee | 95 | 55 |
| Offices | 185 | 269 |
| Form ADV filed | 2026-08-20 | 2026-09-17 |
Wealth Enhancement Advisory Services, LLC
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Mercer Global Advisors Inc.
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Questions
Which is bigger, Wealth Enhancement Advisory Services, LLC or Mercer Global Advisors Inc.?
Wealth Enhancement Advisory Services, LLC, with $122B in regulatory assets under management against $84B at Mercer Global Advisors Inc. Nationally they rank #11 and #13 among 5,657 independent wealth management RIAs.
How many clients do Wealth Enhancement Advisory Services, LLC and Mercer Global Advisors Inc. have?
Wealth Enhancement Advisory Services, LLC reports 80,986 individual clients (27,424 high-net-worth) with 850 advisory employees; Mercer Global Advisors Inc. reports 35,044 (18,398 high-net-worth) with 632 advisory employees.
How do Wealth Enhancement Advisory Services, LLC and Mercer Global Advisors Inc. charge clients?
They list the same forms of compensation on Form ADV: a percentage of assets under management; hourly charges; fixed fees; other forms of compensation. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.
What services do Wealth Enhancement Advisory Services, LLC and Mercer Global Advisors Inc. offer?
Mercer Global Advisors Inc. lists portfolio management for businesses and institutions; periodicals or newsletters, which Wealth Enhancement Advisory Services, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; pension consulting; selecting other advisers; educational seminars and workshops; other services.
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- Mercer Global Advisors Inc. vs Kestra Advisory Services, LLC $84B · $80B
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Where these numbers come from
Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.
Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Wealth Enhancement Advisory Services, LLC ↗, Mercer Global Advisors Inc. ↗. How to check a financial advisor →