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RIA comparison · SEC Form ADV

Wealth Enhancement Advisory Services, LLC vs Pathstone

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 $110B at Pathstone, 11% more than its rival, by their latest Form ADV filings. Wealth Enhancement Advisory Services, LLC reports more individual clients (80,986 vs 1,979), while Pathstone’s clients hold more on average (about $46 million each against $1.4 million). Wealth Enhancement Advisory Services, LLC is based in Plymouth, Minnesota and Pathstone in Englewood, New Jersey.

FigureWealth Enhancement Advisory Services, LLCPathstone
Regulatory AUM$122B$110B
National rank#11#12
HeadquartersPlymouth, MinnesotaEnglewood, New Jersey
Individual clients80,9861,979
High-net-worth clients27,4241,834
Average client assets$1.4 million$46 million
Accounts221,89227,165
Discretionary77% of AUM59% of AUM
Employees1,700704
Advisory staff850365
Clients per advisory employee955
Offices18519
Form ADV filed2026-08-202026-03-31

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

Pathstone

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses and institutions
  • Selecting other advisers
  • Educational seminars and workshops
  • Other services

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees
  • Performance-based fees

Questions

Which is bigger, Wealth Enhancement Advisory Services, LLC or Pathstone?

Wealth Enhancement Advisory Services, LLC, with $122B in regulatory assets under management against $110B at Pathstone. Nationally they rank #11 and #12 among 5,657 independent wealth management RIAs.

How many clients do Wealth Enhancement Advisory Services, LLC and Pathstone have?

Wealth Enhancement Advisory Services, LLC reports 80,986 individual clients (27,424 high-net-worth) with 850 advisory employees; Pathstone reports 1,979 (1,834 high-net-worth) with 365 advisory employees.

How do Wealth Enhancement Advisory Services, LLC and Pathstone charge clients?

Only Wealth Enhancement Advisory Services, LLC lists other forms of compensation on Form ADV. Only Pathstone lists performance-based fees. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Wealth Enhancement Advisory Services, LLC and Pathstone offer?

Wealth Enhancement Advisory Services, LLC lists pension consulting, which Pathstone does not. Pathstone lists portfolio management for pooled investment vehicles; portfolio management for businesses and institutions, which Wealth Enhancement Advisory Services, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; selecting other advisers; educational seminars and workshops; other services.

More comparisons

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 ↗, Pathstone ↗. How to check a financial advisor →