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The Wealth Group - Austin B. Colby & Associates
Austin Colby founded The Wealth Group in 2015 as a fiduciary RIA serving individuals and high-net-worth clients from Eden Prairie, MN and Franklin, TN.
The Wealth Group - Austin B. Colby & Associates
Founded in 2015 by Austin Colby, The Wealth Group operates as an independent registered investment advisor with dual headquarters in Eden Prairie, Minnesota and Franklin, Tennessee. The firm's lineage traces to Colby's stated commitment to financial health, which he has articulated as beginning in 2002, predating the firm's formal establishment. The Wealth Group serves clients throughout the United States, positioning itself as a fiduciary advisory practice rather than an institutional allocator. The firm's strategy centers on tax-optimized wealth management for individuals and high-net-worth individuals. Core services span investment advisory, retirement planning, and tax minimization, with an emphasis on low-cost, tax-efficient investment vehicles. The deployment model is advice-driven rather than direct-investment focused: the firm constructs portfolios designed to capture market returns while reducing tax drag. No direct private-market positions or fund commitments are disclosed. The Wealth Group operates from its Eden Prairie headquarters and a Franklin, Tennessee office. The team consists of Certified Financial Planners and financial advisors. No adjacent investment vehicles, philanthropic foundations, or club co-investment structures are disclosed. The firm describes its client base as successful individuals who delegate financial management to reclaim personal time. The structural differentiator is the firm's explicit combination of fiduciary RIA status with multi-jurisdictional physical presence — a model that allows it to serve clients nationally while maintaining in-person advisory relationships in two distinct metropolitan markets. The practice's architecture reflects a lifestyle advisory business rather than a pooled investment manager, with all services delivered through individual client relationships and financial planning engagements.
General information
Firm type
Bank / Wealth / Trust
Year founded
2015
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Eden Prairie
Corporate office
Eden Prairie, MN, United States
Additional offices
Franklin, TN, United States
Principals
Austin Colby
Founder, Owner
Frequently asked questions
Who runs investment decisions at The Wealth Group?
Austin Colby, as founder and owner, maintains ultimate responsibility for the firm's investment advisory framework. The firm operates through a team of Certified Financial Planners and financial advisors who implement client-specific strategies. No separate chief investment officer or investment committee structure is publicly identified.
Does The Wealth Group participate in fund commitments or direct private deals?
No evidence suggests The Wealth Group engages in direct private-market transactions, venture investments, or third-party fund commitments. The firm's disclosed investment approach is built around low-cost, tax-efficient public-market portfolios tailored to individual client goals. This posture aligns with its identity as a planning-centric RIA rather than a deal-oriented family office or institutional investor.
Is The Wealth Group structured as a single-family office or a multi-client advisory practice?
The Wealth Group operates as a multi-client registered investment advisor, not a single-family office. It serves individuals and high-net-worth individuals across the United States through its advisory teams in Minnesota and Tennessee. The firm's fiduciary status and CFP-centric service model position it squarely in the wealth management industry rather than the private investment office space.
How does The Wealth Group source its clients?
The firm does not publicly detail its client acquisition method. However, its website emphasizes media features, community-focused financial health initiatives, and a service proposition centered on tax savings and time reclamation — suggesting a mix of inbound referrals and local-market reputation. No proprietary deal-flow or institutional sourcing network is claimed.
What is The Wealth Group's known posture on co-investments alongside external managers?
The firm does not participate in, nor structure, co-investment vehicles. Its disclosed activities are limited to advisory services — constructing and managing individual client portfolios using publicly available investment products. The model does not involve pooling client capital for direct investment or partnering with external general partners.
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