Wealth Enhancement Review 2026: Pros, Cons and How It Compares
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Our Take
4.9
Reviewed in: April 2026
Period considered: Feb. - April 2026
Wealth Enhancement customizes portfolios with a wide range of investment options to suit varied goals and financial situations. The firm’s AUM fee is 1.25% on the first $1 million of assets under management, but the percentage is lower on amounts above that threshold.
Wealth Enhancement Group
Fees
0.6% to 1.5%
Account minimum
$25,000
Varies by advisor team and service
Fees
0.6% to 1.5%
Account minimum
$25,000
Varies by advisor team and service
Promotion
None
no promotion available at this time
Show details
Pros & Cons
Offers comprehensive financial planning services.
Multiple custodial options, including Fidelity, Charles Schwab, Raymond James and BNY Pershing.
Supports trust, charitable and business accounts in addition to typical taxable and tax-advantaged accounts.
Can directly manage workplace retirement accounts such as 401(k)s.
Fees could be calculated in multiple ways because the firm’s advisors have leeway to use two types of AUM fee schedules, which we think could be confusing. Prospective clients should investigate all fee options before hiring the firm.
Fees are above average for accounts with less than $3 million in assets under management.
Earns referral fees on certain product or account recommendations.
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Full Review
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In our review of Wealth Enhancement
- Where Wealth Enhancement shines
- Where Wealth Enhancement could do more
- Who should choose Wealth Enhancement?
- Wealth Enhancement at a glance
- What to know about Wealth Enhancement’s account minimum and fees
- Wealth Enhancement's advisor access
- Wealth Enhancement’s financial planning services
- Other key Wealth Enhancement features
- Good to know about Wealth Enhancement
- Is Wealth Enhancement right for you?
Where Wealth Enhancement shines
Comprehensive and holistic financial planning. Wealth Enhancement demonstrates breadth and depth in financial planning. Your advisor coordinates each aspect of the planning process and implementation, which ensures all the pieces work together to achieve your goals. And advisors can tap into the expertise of in-house specialists to tailor your plan to your unique circumstances.
Broad investment options. The firm custom-builds portfolios that can include a variety of asset classes and accounts, making it able to meet investment needs ranging from the very simple to the very complex.
Where Wealth Enhancement could do more
Some services cost extra. It’s very normal in the financial planning industry to make certain estate planning and tax services available in addition to the firm’s financial advisory fee. That’s the case with Wealth Enhancement, which bills separately for tax preparation and trust services. But it is possible to find firms that include tax filing or other services in their financial planning and investment management fees, if that’s important to you. Some may require you to meet a certain AUM threshold.
Alternatives to consider:
For all-inclusive services: Range or Allworth Financial
Who should choose Wealth Enhancement?
Households with complex financial needs. Wealth Enhancement is designed to serve a wide range of households. But those who can take advantage of its specialists’ deep expertise — and who want the convenience of consolidated financial services — likely would get the most out of working with the firm.
Wealth Enhancement at a glance
Reviewed in: April 2026
Period considered: Feb. - April 2026
Costs and minimums | To compare fees across pricing models, this category rates all providers based on what a client actually pays at two portfolio benchmarks: $250,000 and $1 million in assets under management. Flat fees are converted into an effective AUM percentage using the fee for their entry-level tier. For firms that charge AUM-based fees on a tiered schedule, we calculate a blended rate across the tiers that apply at each benchmark. Wealth Enhancement's client minimum is $25,000. Fees are based on assets under management and the client's needs. For each tier, the specified fee rate is applied only to the portion of the client’s assets that falls within that tier: Up to $1 million in AUM: 1.25% $1 million to $3 million: 1% $3 million to $5 million: 0.90% $5 million to $10 million: 0.80% $10 million and higher: 0.60% |
Advisor expertise | Wealth Enhancement has over 600 advisors across 182 offices in 35 states, and more than half of them are certified financial planners (CFPs). All advisors are licensed fiduciaries. The team also includes CPAs, JDs, certified fund specialists (CFSs), accredited asset management specialists (AAMS) and certified retirement counselors (CRCs). Some advisors specialize in providing financial advice to women. |
Scope of advice offered | Wealth Enhancement advisors offer clients comprehensive financial planning, which can include retirement planning, investment management, tax strategy, college planning, estate planning, equity compensation planning, concentrated stock planning, charitable strategies, cash management strategies and more as part of the financial advisory fee. Certain services, such as tax preparation and filing and trust services, may be billed separately. |
Advisor accessibility | Advisors are available via email, phone, text, video and in-person meetings. Meetings may occur on an annual, semi-annual or quarterly basis. Clients drive the cadence of those meetings. |
Transparency | This category rates whether the firm's fee structure reflects a commitment to avoiding conflicts of interest and acting in the client's best interest, as well as how accessible the advisor's fees are, with the highest rating awarded to advisors who clearly list their full fee structure on their website in addition to their ADV filing. Wealth Enhancement has referral fee arrangements with third parties such as Goldman Sachs, Flourish and CoverRight Insurance. |
Portfolio construction | The company says it crafts portfolios that are thoughtfully diversified and aligned with each investor’s unique needs. The team analyzes market conditions and explore investment options to create strategies designed to fit long-term objectives. The firm says it consistently monitor markets globally to assess market risks, rebalance when appropriate, and take advantage of opportunities. |
What to know about Wealth Enhancement’s account minimum and fees
To work with Wealth Enhancement, you’ll typically need at least $25,000 in investable assets. But some advisor teams or investment programs may have higher minimum requirements.
Like many financial advisors, Wealth Enhancement charges a percentage of assets under management for financial planning and investment management services. Fees may vary based on each client’s needs. Wealth Enhancement typically uses a tiered fee schedule, which applies lower fees to assets above certain thresholds. Below is an example of a schedule, but rates and schedules are agreed on with each client before signing up with an advisor.
Up to $1 million in AUM: 1.25%
$1 million to $3 million: 1%
$3 million to $5 million: 0.90%
$5 million to $10 million: 0.80%
$10 million and higher: 0.60%
Based on this fee schedule, someone with $1 million in AUM would pay $12,500 per year to work with a Wealth Enhancement advisor. A client with $3 million in AUM would pay $12,500 for the first $1 million and $20,000 for the next $2 million. In all, they’d pay $32,500 annually — an effective AUM rate of 1.08%.
But keep in mind that fees are negotiable. The firm says it recommends that advisors use the tiered fee schedule, but advisors may use a flat-rate AUM fee schedule in some circumstances. That means the same rate would apply on every dollar you have in AUM. That could be an advantage, depending on your AUM. Here’s an example of what that could look like, which we pulled from Wealth Enhancement’s Form ADV:
Someone with $999,999 or less pays 1.5%.
Someone with $1 million to $2 million pays 1.25%.
Someone with more than $2 million pays 1%.
Based on that example, someone paying a flat-rate AUM fee who has $3 million in AUM would pay $30,000, making the cost slightly lower than it would be if the tiered fee schedule were applied. But the tiered-fee schedule would be the lower-cost option for someone with less than $1 million in AUM or more than roughly $5.5 million.
The firm also may charge flat fees or hourly rates for financial planning or consulting (without asset management).
» Learn more about financial advisor fees
Wealth Enhancement's advisor access
Wealth Enhancement has more than 600 fiduciary advisors across 182 offices in 35 states. Most of its advisors are certified financial planners (CFPs). You may also work with advisors who are certified public accountants, attorneys, certified fund specialists (CFSs), accredited asset management specialists (AAMS) or certified retirement counselors (CRCs).
The firm walks each client through an onboarding process and matches you with an advisor who is well-suited to your goals, stage of life and personal preferences. For example, the firm says it has advisors who specialize in providing financial advice to women. Your advisor becomes your primary advisor and meets regularly to understand your goals and review performance. You can connect with your advisor via email, phone, text, video and in-person meetings, which may occur on an annual, semi-annual or quarterly basis. Clients drive the cadence of those meetings.
Wealth Enhancement’s financial planning services
Wealth Enhancement offers comprehensive financial planning as part of its AUM fee. For example your advisor may cover:
Retirement planning.
Investment management.
Tax strategy.
College planning.
Estate planning.
Equity compensation planning.
Concentrated stock planning.
Charitable strategies.
Cash management strategies.
Additionally, Wealth Enhancement has a centralized group of specialists that support your advisor in financial planning, estate planning, tax planning, annuities, insurance, retirement plan consulting, business valuation and exit planning, employer-sponsored retirement account management, investments and more.
The firm also offers services that would be billed separately, such as tax preparation and filing and trust services.
While I was researching Wealth Enhancement for this review, I spoke with John Overton, VP for new client development. He supervises the new-client onboarding process, which culminates in matching you with an advisor. He says the firm was founded by three advisors with varied expertise who wanted to work together to provide better, more thorough financial advice. And that spirit of collaboration remains intact, especially in the way specialists are used.
“We have experts in every area of financial planning that the advisor who’s really servicing the client can tap into when needed to help create better solutions or outcomes,” Overton says. “These are subject-matter experts, they’re highly credentialed, and they’re there to help support the advisor community.”
Other key Wealth Enhancement features
Portfolio construction
Clients must move investable assets to one of Wealth Enhancement’s custodians. Options include Fidelity, Charles Schwab, Raymond James and BNY Pershing.
Wealth Enhancement says its advisors practice “plan-led investing,” Advisors start by building a client's comprehensive financial plan based on retirement goals, values, tax situation and risk profile. Those factors influence investment decisions, including asset allocation, liquidity and withdrawal recommendations.
Investment portfolios are custom-built to be diversified and aligned with each client's needs and goals. Portfolios may include individual securities, ETFs and mutual funds, as well as investments in private markets and real estate. Advisors can accommodate personal preferences, such as faith-based, social or environmental considerations.
Wealth Enhancement also uses investment structures, such as separately managed accounts (SMAs) and limited partnerships, and more complex strategies (e.g., option overlays, structured notes, and long/short SMAs) — tools typically associated with high-net-worth clients.
Accounts supported
Wealth Enhancement can manage a broad range of account types, including:
Taxable accounts (individual, joint, and family registrations).
Retirement accounts, such as traditional and Roth IRAs, IRA rollovers and employer‑sponsored plan rollovers.
Trust, charitable, and business accounts, depending on structure and client needs.
Additionally, advisors may be able to directly manage workplace retirement accounts, depending on their plan parameters and custodians. Wealth Enhancement uses third-party technology and custodian-supported programs to incorporate eligible employer-sponsored retirement accounts into the advisory process.
Tax strategy
Wealth Enhancement uses tax-efficient asset location, tax-loss harvesting and direct indexing and other specialized strategies to minimize taxes. Advisors implement these strategies with guidance from a centralized tax team using proprietary technology.
Tax preparation and strategic tax planning and consulting services are also available from the firm’s Wealth Enhancement Tax and Consulting Services team and tax partners.
Good to know about Wealth Enhancement
Wealth Enhancement was founded in 1997 in Minneapolis. It works with high-net-worth individuals — a term used by the U.S. Securities & Exchange Commission to identify clients with more than $1.1 million in AUM. These factors can be useful indicators of the firm’s experience and stability, as well as who it may be designed to serve best.
Is Wealth Enhancement right for you?
Wealth Enhancement could be right for you if you have a complex financial picture and would be able to leverage the firm’s team of specialists.
If you’re sold on the firm but don’t know how to pick an advisor from Wealth Enhancement’s expansive roster, the onboarding process provides an opportunity to get matched to someone based on your financial picture, goals and preferences. That could save a lot of effort on the front-end of the financial advisor search. But keep in mind you could use an advisor matching service for free, which does something similar and includes advisors from multiple firms. Some of these services may have higher minimum balance requirements than Wealth Enhancement.