Michael David Hess
Financial advisor at Wealth Enhancement Advisory Services, LLC · Plymouth, MN
Last updated 2026-10-10
Claim your profileMichael David Hess is a financial advisor at Wealth Enhancement Advisory Services, LLC in Plymouth, MN, CRD 4534950. Licenses and exams on the registration: Series 66. IAPD registration began 2006-04-27.
Registration
- CRD number
- 4534950
- Registration status
- Active
- IAPD registration
- 2006-04-27
- Industry Experience
- 20 years
- Work Experience
- 24 years
- States registered
- MN, TX
Licenses and exams
- Series 66
Designations
- CFP®
Work history
- 2002-04 to Present · Wealth Enhancement Advisory Services, LLC · Plymouth, MN
- 2002-04 to Present · Wealth Enhancement Group, LLC · Wayzata, MN
- 2007-02 to 2025-06 · Lpl Financial LLC · Plymouth, MN
- 2007-02 to Present · Wealth Enhancement Brokerage Services, LLC · Plymouth, MN
Current employment
- Wealth Enhancement Advisory Services, LLC · Plymouth, MN
Wealth Enhancement Advisory Services, LLC
- Regulatory AUM
- $122,186,725,110
- Registered advisors
- 1,026
- Offices
- 409
- Clients per advisor
- 82.8 (Moderate)
- Average AUM per client
- $1.4M (Low)
- High-net-worth client ratio
- 32.3% (Moderate)
Wealth Enhancement Advisory Services, LLC: advisors, services and reported ETF investments
About
Michael David Hess is a CFP® financial advisor at Wealth Enhancement Advisory Services, LLC in Plymouth, MN. Reported securities licenses include Series 66. The latest record indicates 20 years of industry experience and 24 years of reported work history. Reported roles include Wealth Enhancement Brokerage Services, LLC, Wealth Enhancement Group, LLC, Lpl Financial LLC.
SEC disclosures list additional business and community activities: (1) 02/01/2007: Wealth Enhancement Group: - non-variable insurance dba - at reported business location(s) - 1% of time spnet - agent.
Wealth Enhancement Advisory Services, LLC's firm-level Form ADV reports 1,026 advisors across 409 offices; approximately 82.8 clients per advisor, average assets per client of $1,437,474, and regulatory AUM of $122.2B; client categories including Individuals (non-HNW), High net worth individuals, Pension and profit-sharing plans, Charitable organizations, Corporations or other businesses, Other; services including Financial Planning Services, Portfolio Management: Individuals and Small Businesses, Pension Consulting Services, Selection of Other Advisers, Educational Seminars or Workshops.
PortfolioFuture's firm-level 13F analysis covers $31.7B across 1,137 reported ETF positions for the 2026-06-30 reporting period. These are firm-level disclosures, not investments attributed to Michael David Hess personally.
Reported ETF positions
Wealth Enhancement Advisory reports 1,137 ETF positions worth $31.7B on Form 13F; the largest are listed.
| Fund | Reported value |
|---|---|
| IVV — iShares Core S&P 500 ETF | $3.6B |
| AGG — iShares Core U.S. Aggregate Bond ETF | $1.6B |
| SMTH — ALPS Smith Core Plus Bond ETF | $1.3B |
| VWO — Vanguard FTSE Emerging Markets ETF | $868.1M |
| FNDF — Schwab Fundamental International Equity ETF | $858.6M |
Source: SEC Form 13F. These are institution-level reported positions; they do not establish that any individual advisor or their clients hold a fund.
Noteworthy reported investments
Wealth Enhancement Advisory's strongest reported position on each research ranking. Institution-level evidence, not this advisor's or any client's holding.
| Ranking | Fund | Reported value | Percentile | Key figures |
|---|---|---|---|---|
| Similar Fund Ranking | CGDV — Capital Group Dividend Value ETF | $68.5M | Top 99.9% | Peer conviction 86.4% · Active return +5.44% |
| Addressable Market | DYNF — iShares U.S. Equity Factor Rotation Active ETF | $23.2M | Top 99.9% | Addressable AUM $14.9T · Peer conviction 86.8% |
| Residual Alpha | PRF — Invesco RAFI US 1000 ETF | $48.1M | Top 99.5% | Residual alpha +1.89% · Residual Sharpe 0.11 |
| Diversification Benefits | TBIL — F/m US Treasury 3 Month Bill Fund | $41.6M | Top 99.4% | Replicability (R²) 37.1% · Residual Sharpe 2.51 |
Historical comparisons from the published research release formed 2026-10-02; not forecasts or recommendations. Source: SEC Form 13F. These are institution-level reported positions; they do not establish that any individual advisor or their clients hold a fund.
What this firm offers
Filed by Wealth Enhancement Advisory Services, LLC on Form ADV.
Client services
- Financial Planning Services
- Individuals and Small Businesses
- Pension Consulting Services
- Selection of Other Advisers
- Educational Seminars or Workshops
- Other Advisory Service
Fee options
- Percentage of Assets Under Management
- Hourly Charges
- Fixed Fees (Other Than Subscription)
- Other
Business and affiliations
- Broker-Dealer or Municipal Securities Dea
- Other Investment Adviser (Incl. Financial
- Trust Company
- Insurance Company or Agency
Location
505 N Highway 169, Plymouth, MN 55441
1,025 advisors at this office.
Contact
The firm's filed contact details.
- Phone: 763-417-1700
- Website: wealthenhancement.com
Official record
Are you Michael David Hess?
Claim your profile to add your biography, services, expertise, client focus, investment approach and fees. Advisor-confirmed information is separate from public SEC records.