# The Wealth Group - Austin B. Colby & Associates

The Wealth Group - Austin B. Colby & Associates is a Bank / Wealth / Trust based in Eden Prairie, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Eden Prairie, United States
- **Region:** North America
- **Address:** Eden Prairie, MN, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** wealthgroupmn.com
- **LinkedIn:** https://www.linkedin.com/company/mikekearl

## Regulatory record

- **CRD number:** 311385
- **SEC file number:** 801-120158
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/311385

## About

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.

## Offices

- Franklin, TN, United States

## People

- Austin Colby — Founder, Owner

## 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.

### 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.

## Related profiles

- [N.D. Pitman & Company](https://altss.com/profile/nd-pitman-and-company)
- [Wealth Enhancement & Preservation](https://altss.com/profile/wealth-enhancement-and-preservation)

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Last updated: 2026-06-03T20:00:00.000Z

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