Guides › Switching Financial Advisors
Updated September 18, 2026. Quick answer: you open an account at the receiving firm and sign the transfer form there; the new firm pulls the accounts through ACATS. Wealth Enhancement Advisory Services, LLC (“WEAS”) charges nothing extra to end the relationship: either side can terminate any time on written notice, with no penalty, and you receive a refund of whatever portion of your prepaid fee went unused. The transfer cost is published by Wealth Enhancement Brokerage Services, LLC (WEBS), the affiliated broker-dealer that custodies WEAS’s own brokerage AND advisory accounts (a live SEC filing search this session confirmed both entities share the identical registered address in Plymouth, Minnesota): $150.00 for a “Full Transfer of Account Delivery” on a non-retirement account, or $125.00 IRA Termination Fee for a retirement account.
The published numbers
From Wealth Enhancement Advisory Services, LLC’s own Form ADV Part 2A: “Agreement may be terminated by the client or WEAS at any time upon providing written notice pursuant to the provisions of the Services Agreement. There is no penalty for terminating the client’s account. Upon termination, the client will receive a refund of the portion of the prepaid asset-based fee that is not utilized.” The transfer figure comes from a distinct but affiliated legal entity, Wealth Enhancement Brokerage Services, LLC, confirmed this session via a live SEC Investment Adviser Public Disclosure firm search to share WEAS’s own registered address (505 N Highway 169, Suite 900, Plymouth, MN 55441) and to list “WEALTH ENHANCEMENT GROUP, LLC” among its own other names. WEBS’s own Fee Schedule (WEBS-FEE, REV 05/25), under the heading “Account Fees (Brokerage and Advisory Accounts)”, naming WEAS’s own account type explicitly, not just brokerage, states: “Full Transfer of Account Delivery: $150, Per account” (non-retirement) and, under Retirement Account Fees, “IRA Termination Fee: $125, Per account.”
| What | Figure |
|---|---|
| WEAS’s own advisory-agreement termination charge | $0.00 extra, no penalty: unused prepaid fee refunded (Form ADV) |
| Full Transfer of Account Delivery (non-retirement) | $150.00 per account (WEBS, WEAS’s affiliated broker-dealer, own Fee Schedule) |
| IRA Termination Fee (retirement account) | $125.00 per account (same WEBS Fee Schedule) |
| ACATS validation + completion window | 1 business day to validate, 3 business days to complete (FINRA Rule 11870) |
Compare your next step
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Source: WiserAdvisor’s service descriptionThe sequence
1. Pull a current statement for every account, showing the exact registration, account numbers and complete holdings list. 2. Check the holdings for anything that will not move. Ask the receiving firm directly: “Can you hold every position on this statement?” Anything they cannot hold has to be sold, and in a taxable account that is a realised gain in the year you switch: the categories that commonly do not transfer. 3. Open the receiving account and sign the transfer form there. Under FINRA Rule 11870 the delivering firm then has one business day to validate and three business days after validation to complete. 4. Send a dated termination letter for the record: the generator writes it, and confirm in writing that billing has stopped.
Two things to get right
Cost basis. Under IRC §6045A the delivering broker must furnish a transfer statement carrying basis for covered securities within 15 days of the transfer. Keep your final statements anyway, and check the first statement at the new firm for positions showing a missing or zero basis. Retirement accounts move as a direct transfer, trustee to trustee, not as a distribution to you. Why that distinction matters. Whether a transfer fee is worth paying at all is a question of what you are moving to: our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000: the benchmark. The general mechanics: switching financial advisors.
Want to know what Wealth Enhancement Group charges before you decide whether to leave? See the dollar breakdown from Wealth Enhancement Group’s own fee disclosure.
Sources
- Wealth Enhancement Advisory Services, LLC, “Form ADV Part 2A”: https://adviserinfo.sec.gov/firm/summary/116407
- SEC Investment Adviser Public Disclosure, Wealth Enhancement Advisory Services, LLC firm summary (CRD 116407): https://adviserinfo.sec.gov/firm/summary/116407
- SEC Investment Adviser Public Disclosure, Wealth Enhancement Brokerage Services, LLC firm search result: https://api.adviserinfo.sec.gov/search/firm?query=Wealth%20Enhancement%20Brokerage
- Wealth Enhancement Brokerage Services, LLC, “Fee Schedule” (WEBS-FEE, REV 05/25): https://www.wealthenhancement.com/sites/default/files/2025-06/WEBS%20Fee%20Schedule.pdf
Methodology. This page was built September 18, 2026, drawing on Wealth Enhancement Group’s own Form ADV/fee schedule plus any named affiliate’s own published fee schedule, with sources linked inline; any figure we could not independently confirm this session on a firm-owned or affiliate-owned document is named as an honest gap above rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Leaving a different firm? See the exit guides for all 189 firms, with the four steps every exit shares.