Wealth manager, independent · Plymouth, MN
Wealth Enhancement Advisory Services, LLC
SEC-registered investment adviser · CRD 116407 · SEC 801-60749
At a glance
Wealth Enhancement Advisory Services, LLC is an SEC-registered investment adviser based in Plymouth, Minnesota, with $122B in regulatory assets under management as of its Form ADV filed August 20, 2026. It reports 80,986 individual clients, 27,424 of them high-net-worth, holding an average of about $1.4 million each, and 1,700 employees. That ranks it 11th among the nation’s 5,657 independent wealth management RIAs and 1st of 140 in Minnesota. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 763-417-1700wealthenhancement.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $122B
- Rank among independent wealth managers
- #11 of 5,657
- Rank among all SEC RIAs
- #222 of 17,210
- Rank in Minnesota
- #1 of 140
- Individual clients
- 80,986
- High-net-worth clients
- 27,424
- Accounts
- 221,892
- Discretionary
- 77% of AUM
- Employees
- 1,700
- Advisory staff
- 850
- Offices
- 185
Owners and executives on its Form ADV
- Jeffrey T. DekkoChief Manager and President
- James L. CahnChair of the Investment Committee and Chief Strategy Officer
- Kelly J. WindorskiChief Financial Officer and Treasurer
- Brian J. VnakChief Advisory Officer
- Frederick J. ShidemanChief Platform Officer and Chief Information Security Officer
- Joseph A. DieckhausChief Compliance Officer
- Eric G. WeissChief Growth Officer
- Aisling M. Carroll-TransomChief Partner Programs Officer
- Jonathan W. ButtersChief Business Development Officer
- Michelle E. BrownsteinChief New Client Development Officer
- Daniel T. StampfChief Product Officer
- William H. RiceSecretary
Custody and brokerage
Broker-dealer
Hybrid RIA
Wealth Enhancement Advisory Services, LLC is a hybrid RIA: 475 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Wealth Enhancement Brokerage Services, LLC.
- Wealth Enhancement Brokerage Services, LLC ↗CRD 130139
An introducing broker-dealer: its trades clear through National Financial Services (Fidelity), which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed March 2026) names Wealth Enhancement Brokerage Services as the broker-dealer its advisers are registered with.
erein, WEAS financial advisors may be securities Registered Representatives of Wealth Enhancement Brokerage Services, LLC, (“WEBS”), an affiliate of WEAS and a registered Broker-Dealer, Member FINRA and SIPC referred to as ‘hybrid” advisor
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 53,562 | $72B | 59% |
| High-net-worth individuals | 27,424 | $39B | 32% |
| Pension and profit sharing plans | 1,096 | $6.0B | 5% |
| Other | 1,075 | $2.0B | 2% |
| Corporations or other businesses | 1,201 | $1.8B | 1% |
| Charitable organizations | 643 | $830M | <1% |
Disciplinary disclosures
Wealth Enhancement Advisory Services, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
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
Form ADV and brochures on the SEC’s adviser search ↗wealthenhancement.com ↗Wealth Enhancement Advisory Services, LLC news and profile →
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Rank against 46 peers of its type and size
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- 13 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Minnesota
All of Minnesota →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Fiduciary Counselling IncSt Paul | $10B | 1,645 |
| Thrivent Advisor Network, LLCMinneapolis | $6.8B | 14,611 |
| Focus FinancialMinneapolis | $6.8B | 13,560 |
| RiverbridgeMinneapolis | $5.0B | 3,482 |
| Accredited Investors Wealth ManagementEdina | $4.4B | 942 |
| Advisornet Wealth PartnersMinnetonka | $3.1B | 3,499 |
Compare Wealth Enhancement Advisory Services, LLC with
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- Wealth Enhancement Advisory Services, LLC vs Pathstone $110B · Englewood, NJ
- Wealth Enhancement Advisory Services, LLC vs Mercer Global Advisors Inc. $84B · Denver, CO
- Wealth Enhancement Advisory Services, LLC vs Fiduciary Counselling Inc $10B · St Paul, MN
Background
Questions
How much does Wealth Enhancement Advisory Services, LLC manage?
Wealth Enhancement Advisory Services, LLC reports $122B in regulatory assets under management across 221,892 accounts, 77% of it on a discretionary basis, on its Form ADV filed August 20, 2026.
How many clients does Wealth Enhancement Advisory Services, LLC have?
It reports 80,986 individual clients: 27,424 high-net-worth individuals and 53,562 other individuals. Individuals account for about 91% of its regulatory assets.
Where is Wealth Enhancement Advisory Services, LLC headquartered?
Its main office is in Plymouth, Minnesota. It reports 185 offices in total and 1,700 employees, 850 of whom perform investment advisory functions.
How does Wealth Enhancement Advisory Services, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Wealth Enhancement Advisory Services, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed August 20, 2026, it reports these amounts held: Charles Schwab ($70B); Fidelity ($29B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Wealth Enhancement Advisory Services, LLC a hybrid RIA with a broker-dealer?
Wealth Enhancement Advisory Services, LLC is a hybrid RIA: 475 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Wealth Enhancement Brokerage Services, LLC. Wealth Enhancement Brokerage Services, LLC clears through National Financial Services (Fidelity), according to its annual report filed with the SEC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Wealth Enhancement Advisory Services, LLC a fiduciary?
As an SEC-registered investment adviser, Wealth Enhancement Advisory Services, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 475 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Wealth Enhancement Advisory Services, LLC’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). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-20), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →