{
  "crd_number": 311385,
  "slug": "the-wealth-group-austin-b-colby-and-associates-eden-prairie-mn-311385",
  "primary_business_name": "THE WEALTH GROUP - AUSTIN B. COLBY & ASSOCIATES",
  "legal_name": "THE WEALTH GROUP, LTD",
  "dbas": [],
  "city": "Eden Prairie",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-01-14",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-01-14",
  "carried_forward": false,
  "raum_total": 711016621.0,
  "raum_discretionary": 707397181.0,
  "raum_non_discretionary": 3619440.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 12,
  "advisory_employees": 10,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 161702836.0,
      "count": 314
    },
    "high_net_worth_individuals": {
      "raum": 549313785.0,
      "count": 277
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "IL",
    "LA",
    "MN",
    "NE",
    "TN",
    "TX",
    "VA",
    "WI"
  ],
  "websites": [
    "https://facebook.com/people/The-Wealth-Group/100042021051727",
    "https://facebook.com/share/15wKpz2wWu?mibextid=wwXIfr",
    "https://linkedin.com/company/the-wealth-group---austin-b.-colby-&-associates/about",
    "https://linkedin.com/in/austinbcolby",
    "https://linkedin.com/in/benjamin-thorson-896bb552",
    "https://linkedin.com/in/daniel-m-johnson-cfp%C2%AE-4143b3b8",
    "https://linkedin.com/in/dean-goodwin-7a394a335",
    "https://linkedin.com/in/jamy-antoine-153b7b13",
    "https://linkedin.com/in/jaron-kissner",
    "https://linkedin.com/in/karie-merritt-10b5b88a",
    "https://linkedin.com/in/mikekearl",
    "https://linkedin.com/in/paige-knier",
    "https://wealthgroup.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311385",
  "city_as_filed": "EDEN PRAIRIE",
  "url": "https://advisorcensus.com/firm/the-wealth-group-austin-b-colby-and-associates-eden-prairie-mn-311385",
  "display_name": "The Wealth Group - Austin B. Colby & Associates",
  "summary": "The Wealth Group - Austin B. Colby & Associates is an SEC-registered investment advisory firm in Eden Prairie, MN, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated January 14, 2026.",
  "citation": "AdvisorCensus. The Wealth Group - Austin B. Colby & Associates (CRD 311385): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is The Wealth Group - Austin B. Colby & Associates compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), The Wealth Group - Austin B. Colby & Associates reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does The Wealth Group - Austin B. Colby & Associates charge?",
      "a": "Its Form ADV Part 2A brochure dated January 14, 2026 states: Flat fee: $250 to $2,500 (longer-term consulting projects). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is The Wealth Group - Austin B. Colby & Associates located?",
      "a": "The Wealth Group - Austin B. Colby & Associates' principal office is in Eden Prairie, MN, according to its Form ADV."
    },
    {
      "q": "Is The Wealth Group - Austin B. Colby & Associates registered with the SEC or a state?",
      "a": "The Wealth Group - Austin B. Colby & Associates is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 311385."
    },
    {
      "q": "How much does The Wealth Group - Austin B. Colby & Associates manage?",
      "a": "The Wealth Group - Austin B. Colby & Associates reports $711,016,621 in regulatory assets under management in its Form ADV filing dated January 14, 2026 (99% discretionary)."
    },
    {
      "q": "How have The Wealth Group - Austin B. Colby & Associates' assets and staff changed since 2021?",
      "a": "In the Form ADV data for The Wealth Group - Austin B. Colby & Associates: Regulatory assets under management: $370,000,000 in the October 2021 data and $711,016,621 in the October 2026 data, up 92%. Total employees: 7 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does The Wealth Group - Austin B. Colby & Associates serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (314); high net worth individuals (277)."
    },
    {
      "q": "Which custodians does The Wealth Group - Austin B. Colby & Associates use?",
      "a": "The Wealth Group - Austin B. Colby & Associates' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does The Wealth Group - Austin B. Colby & Associates report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/311385"
    },
    {
      "q": "Does The Wealth Group - Austin B. Colby & Associates state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated January 14, 2026 says: \"There is no minimum account size to open and maintain an advisory account.\""
    },
    {
      "q": "What changed in The Wealth Group - Austin B. Colby & Associates' recent Form ADV filings?",
      "a": "In the February 2026 filing data: Regulatory assets under management went from $566,682,714 to $711,016,621 (+25%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 370000000.0,
      "total_employees": 7,
      "filing_date": "2021-09-15"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 421600000.0,
      "total_employees": 10,
      "filing_date": "2022-09-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 363140854.0,
      "total_employees": 10,
      "filing_date": "2023-06-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 459787647.0,
      "total_employees": 11,
      "filing_date": "2024-01-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 566682714.0,
      "total_employees": 12,
      "filing_date": "2025-02-06"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 711016621.0,
      "total_employees": 12,
      "filing_date": "2026-01-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $566,682,714 to $711,016,621 (+25%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in NE."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated January 14, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $250 to $2,500 (longer-term consulting projects)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no minimum account size to open and maintain an advisory account."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $250 to $2,500 (longer-term consulting projects)"
        ],
        "quotes": [
          "Fixed fees for longer-term consulting projects range from $250 to $2,500 per project."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 250.0,
          "max": 2500.0,
          "period": "one_time",
          "service": "longer-term consulting projects"
        }
      ]
    },
    "quotes": [
      "There is no minimum account size to open and maintain an advisory account.",
      "Fixed fees for longer-term consulting projects range from $250 to $2,500 per project."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Raymond James",
      "name_as_filed": "RAYMOND JAMES",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/the-wealth-group-austin-b-colby-and-associates-eden-prairie-mn-311385.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 314,
      "fewer_than_5": false,
      "raum": 161702836.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 277,
      "fewer_than_5": false,
      "raum": 549313785.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311385",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}