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Michael Bishop

Wealth Enhancement Advisory Services, LLC
21 Years of Experience
Eden Prairie, MN
Broker
View SEC Summary
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Michael Bishop is a CFP-designated registered investment advisor at Wealth Enhancement Advisory Services, LLC, based in Eden Prairie, MN, with 21 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Business Owners, Corporate Executives, and 8 more. Their firm serves 85,001 clients with $120B in assets under management.

Wealth Enhancement Advisory Services, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1019 advisors
Number of Clients
85,001 clients
Average Client Portfolio
$1.4M average
Assets Under Management
$122.2B

Fee Structure

Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Fees are negotiable and vary by client complexity, not to exceed 2.00% per year. Sample schedules show rates of 1.50% for portfolios under $1M, 1.25% for $1M to $2M, and 1.00% for over $2M.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

775 Prairie Center Dr, Suite 380, Eden Prairie, MN, 55344

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business Activities

Michael is associated with Wealth Enhancement Group, LLC as a DBA for LPL business since 2007 and Wealth Enhancement Advisory Services, LLC as a Registered Investment Advisor since 2009. He also works as a notary, dedicating minimal time, and has a business entity, Bishop's Holdings, LLC, for tax/investment purposes.

Employment History
Current Registrations
Wealth Enhancement Advisory Services, LLC
January 2014 - Present · 12 yrs 9 mos
Wealth Enhancement Brokerage Services, LLCBroker
February 2007 - Present · 19 yrs 8 mos
Previous Registrations
LPL Financial LLCBroker
February 2007 - June 2025 · 18 yrs 4 mos
Sii Investments, INC.Broker
May 2006 - February 2007 · 9 mos
Metlife Securities INC.Broker
February 2004 - January 2005 · 11 mos
Metropolitan Life Insurance CompanyBroker
February 2004 - January 2005 · 11 mos
State Registrations32 states
ARAZCACOFLGAIAIDILKSKYMAMDMIMNMOMSMTNCNDNMNYORPASCSDTNTXVAWAWIWY
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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