The Wealth Enhancement Group, Inc. (Alpharetta)

Name: The Wealth Enhancement Group, Inc.
Address: 1075 Powers Place, Alpharetta, GA, 30009
Telephone: 770-777-1845

The Wealth Enhancement Group, Inc. is a large advisory firm based in Alpharetta. It manages $216.6 million of regulatory assets for 809 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Colorado, Georgia, North Carolina, Pennsylvania, and Texas.

The Wealth Enhancement Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and publication of newsletters. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Wealth Enhancement Group: assets under management

The assets under management (AUM) of The Wealth Enhancement Group, Inc. is $216.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 364% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $216.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $267.74 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Wealth Enhancement Group, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Scott Ross serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Michael Scott Ross is high net worth individuals with 88 clients and $140.4 million of assets under management. Among the 6 most similar advisory firms, The Wealth Enhancement Group has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $216.6 million for 294 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

The Wealth Enhancement Group doesn't advise any private funds.

Careers at The Wealth Enhancement Group, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Scott Ross has been acting as President since 1 Sep 1996. Steven Francis Petcovic joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Scott Ross	President	1 Sep 1996	75% - 100%	2708310
Steven Francis Petcovic	Chief compliance officer	1 Mar 2003	Other	4397453

Based in Alpharetta

The principal office where The Wealth Enhancement Group, Inc. performs its advisory services is located at 1075 Powers Place, Alpharetta, GA 30009, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 770-777-1845 or by fax 770-777-1425. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at thewealthenhancementgroup.com.