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Erik Severson

Wealth Enhancement Advisory Services, LLC
17 Years of Experience
West Des Moines, IA
BrokerSells Insurance
View SEC Summary
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Erik Severson is a CFP-designated registered investment advisor at Wealth Enhancement Advisory Services, LLC, based in West Des Moines, IA, with 17 years of industry experience. Erik 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
—
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Location

1055 Jordan Creek Pkwy, Suite 224, West Des Moines, IA, 50266

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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 ActivitiesSells Insurance

Erik is a registered investment advisor with Wealth Enhancement Advisory Services, LLC since 2009, providing asset management and financial planning services. He is also an agent selling traditional insurance, fixed annuities, disability, and long-term care through Wealth Enhancement Group since 2012, and spends nearly full-time hours on his LPL business.

Employment History
Current Registrations
Wealth Enhancement Advisory Services, LLC
June 2011 - Present · 15 yrs 4 mos
Wealth Enhancement Brokerage Services, LLCBroker
May 2009 - Present · 17 yrs 5 mos
Previous Registrations
LPL Financial LLC
May 2009 - May 2011 · 2 yrs
LPL Financial LLCBroker
March 2009 - June 2025 · 16 yrs 3 mos
State Registrations7 states
ALAZCOFLIAMDTX
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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