Bejelentkezés Regisztrálj ingyen

Wealth Enhancement Advisory Services, LLC (Plymouth)


Wealth Enhancement Advisory Services, LLC is a large advisory firm based in Plymouth. It manages $8.39 billion of regulatory assets for 38,065 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Logo



Wealth Enhancement Advisory Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, educational seminars and workshops, and erisa 3(38) investment manager. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Enhancement Advisory Services: assets under management

The assets under management (AUM) of Wealth Enhancement Advisory Services, LLC is $8.39 billion. The firm's AUM has grown by 11982% since the beginning of its operation, and $5.74 million of the total AUM is attributable to clients outside of the United States.


The firm manages $7.46 billion in discretionary accounts and $924.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $228.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $172.59 thousand.
Wealth Enhancement Advisory Services has custody of $3.17 billion in cash and securities for 6,540 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Enhancement Advisory Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Todd Jeffrey Solow serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Todd Jeffrey Solow is high net worth individuals with 1,984 clients and $4.93 billion of assets under management. Among the 8 most similar advisory firms, Wealth Enhancement Advisory Services has the highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $8.39 billion for 12,962 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Wealth Enhancement Advisory Services doesn't advise any private funds.

Careers at Wealth Enhancement Advisory Services, LLC

The company employs 260 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 131 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Todd Jeffrey Solow has been acting as President since 1 Oct 2007. Jennifer Elizabeth Boland joined the executive team most recently as the Vice President.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Llc Wealth Enhancement Group Owner 1 Sep 2001 75% - 100% 41-1883252
Madeleine Kay Bernard Chief operating officer 1 Dec 2001 Other 1493787
Melinda Lane Lundberg Vice president 1 Dec 2001 Other 2855271
David John Hess Principal/vice chairman 1 Dec 2002 Other 2276782
Llc Wealth Enhancement Group Owner 1 Feb 2003 75% - 100% 75-3100788
Jeffrey Thomas Harold Dekko Director, chief manager 1 Feb 2003 Other 4648018
Llc Wealth Enhancement Group Acquisition Owner 1 Feb 2003 75% - 100% 75-3100788
Mark Gerald Beethe Principal/cfo 1 Feb 2003 Other 3020395
Inc. Commerce Financial Group Owner 1 Feb 2003 25% - 50% 41-1453029
Inc. Mz Consulting Member 1 Aug 2003 Other 37-1422579
Jerald E Jackson Chief financial officer 1 May 2004 Other 4872334
Jerald Eugene Jackson Chief financial officer 1 May 2004 Other 4872334
Michael William Stefano Vp,chief compliance officer 1 Mar 2005 Other 821573
Mark Gerald Beethe Secretary 1 Feb 2007 Other 3020395
Todd Jeffrey Solow Director 1 Oct 2007 Other 4107030
John Thompson Director 1 Oct 2007 Other 5442777
John Lawrence Thomson Director 1 Oct 2007 Other 5442777
Jerald Eugene Jackson Chief financial officer, secretary 1 Apr 2008 Other 4872334
Rhonda Kavanagh Chief financial officer,secretary 1 Oct 2009 Other 5724525
Erik Matthew Torgerson Director 1 Dec 2009 Other 5745032
Kenneth James Severud Svp,chief operating officer 1 Nov 2010 Other 2099541
Jason Sondell Director 1 Nov 2010 Other 5770162
John Herman Wernz Evp, chief marketing officer 1 Mar 2011 Other 5680983
Roger Wayne Arnold Vice president 1 Mar 2011 Other 1273974
Mark Alan Ledson Vice president 1 Nov 2011 Other 1474605
James Loren Cahn Evp, chief investment officer 1 May 2012 Other 6052512
Jennifer Bahr Svp finance, secretary 1 Nov 2012 Other 5814862
Jennifer Bahr Svp finance and secretary 1 Jul 2016 Other 5814862
Kelly Joseph Windorski Chief financial officer and treasurer 1 Jul 2016 Other 3211118
Elizabeth Ann Furcht Secretary 1 Feb 2017 Other 5778785
Elizabeth Furcht Secretary 1 Feb 2017 Other 5778785
Jennifer Elizabeth Boland Vice president 1 Jul 2018 Other 4148448

Indirect Owners

The SEC currently registers 26 indirect owners.

Name Entity Date acquired Ownership Employer ID
Gerald William Bernard Member 1 Apr 1999 25% - 50% 827702
Madeleine Kay Bernard Member 1 Apr 1999 25% - 50% 1493787
Bruce Wayne Helmer Member 1 Apr 1999 25% - 50% 1335674
David John Hess Member 1 Apr 1999 25% - 50% 2276782
Llc Tiberius Ventures General partner 1 Feb 2000 Other 88-0452208
Llc Augustus Ventures Owner 1 Feb 2000 75% - 100% 88-0452207
Llc Nero Limited Owner 1 Jun 2000 75% - 100% 41-0449260
Lllp Norwest Limited Lp Owner 1 Oct 2000 75% - 100% 41-1970247
Wells Fargo & Company Owner 1 Oct 2000 75% - 100% 41-0449260
Edward Bud Pappas Member 1 Feb 2002 Other 2842584
James Joseph Ward Member 1 May 2002 Other 1041811
Edward Bud Pappas Ceo 1 Feb 2003 Other 2842584
Keith Steven Bares Member 1 Feb 2003 Other 1297267
John Anthony Castino Member 1 Feb 2003 Other 1633327
James Eldon Senske Chairman 1 Feb 2003 25% - 50% 1348764
Margaret Mary Webb Member 1 Feb 2003 Other 1234589
Llc Cc Management Member 1 Feb 2003 Other 41-1915406
Jeffrey T Dekko Ceo 1 Feb 2003 Other 4648018
Inc Commerce Financial Group Owner 1 Feb 2003 25% - 50% 41-1453029
Llc Itasca Partners Viii General partner 1 May 2004 Other 56-245493
Llc Weg Holdings Owner 1 Oct 2007 75% - 100% 26-0685011
Lp Norwest Equity Partners Viii Owner 1 Oct 2007 75% - 100% 56-2454982
L.P Ly Iii Aiv 3 Holding Member 1 May 2015 75% - 100% 47-3798189
L.P. Lightyear Fund Iii Aiv 3 Member 1 Jun 2015 75% - 100% 47-3561449
Llc Ly/Weg Limited partner 1 Jun 2015 25% - 50% 47-3960584
Port Aux Choix Private Investments Inc. Limited partner 1 Jun 2015 50% - 75% 98-0502481

Based in Plymouth

The principal office where Wealth Enhancement Advisory Services, LLC performs its advisory services is located at 505 North Hwy 169, Plymouth, MN 55441, which is also the mailing address of the firm. An additional office of the firm is in Eden Prairie, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 763-417-1700 or by fax 763-417-1701. The normal business hours are 8:00a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at wealthenhancement.com.


Registered investment advisers similar to Wealth Enhancement Advisory Services, LLC