Wells Fargo Investments Phone Number

Wells Fargo Advisors Onboarding Process

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Investment and Insurance Products are:

• Not Insured by the FDIC or Any Federal Government Agency
• Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
• Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Wells Fargo Asset Management is a trade name used by the asset management businesses of Wells Fargo & Company. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Funds. Other affiliates of Wells Fargo & Company provide sub-advisory and other services for the funds. The funds are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA, an affiliate of Wells Fargo & Company. 238693 12-15

WellsTrade® and Intuitive Investor® accounts are offered through WFCS.

Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.

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Wells Fargo Advisors Review 2022

Editorial Note: The content of this article is based on the authors opinions and recommendations alone and is not intended to be a source of investment advice. It may not have not been reviewed, commissioned or otherwise endorsed by any of our network partners or the Investment company.

Wells Fargo Advisors is the financial advisory business of Wells Fargo & Company, one of the largest financial institutions in the U.S. The firm has branch offices across the country and offers portfolio management and financial planning services. Its clients include non-high net worth and high net worth individuals, as well as a number of different types of institutional and corporate clients.

The bottom line: Wells Fargo Advisors is a portfolio management and financial planning firm affiliated with banking giant Wells Fargo.

• Multiple portfolio strategies offered with various minimum investments
• Financial planning generally included with portfolio management
• Many advisors are also broker-dealer and insurance representatives

All information included in this profile is accurate as of September 29, 2021. For more information, please consult Wells Fargo Advisors website.

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Services Offered By Wells Fargo Advisors

Wells Fargo Advisors offers a full suite of financial planning and portfolio management services to clients throughout the country. Advisory services are offered through a broad range of investment programs. The firm provides investment management services on both a discretionary and non-discretionary basis, although the vast majority of assets are managed on a discretionary basis, meaning the advisor makes investment decisions without consulting the client each time.

Here is a full list of services offered by Wells Fargo Advisors:

• Portfolio management

Wells Fargo Advisors Pros

• Broad accessibility: Wells Fargo Advisors has branches all throughout the country, with over 6,000 offices in total. This means that most investors interested in working with Wells Fargo Advisors will be able to access an advisor in person.
• Wide variety of programs: Wells Fargo Advisors offers a variety of programs available for investors at all wealth levels, so there are plenty of options for you to get services suitable for your financial situation.
• Other banking services available: If youre looking for a one-stop shop for all of your financial needs, a financial behemoth like Wells Fargo may fit the bill. In addition to investment help, Wells Fargo banking clients can also get assistance with loans or cash management.

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Fees Under Wells Fargo

Typically, Wells Fargo Advisors charges clients a percentage of assets held in an account. This fee covers investment advice and trading costs. However, for certain investment advisory programs, clients are charged an asset-based fee as well as commissions on each trade that’s made. In this arrangement, a client usually pays the asset-based fee to a third-party manager who has been selected to oversee their account. The commissions are paid to Wells Fargo for any services it provides.

The only advisory service that does not adhere to one of these two fee structures is Wells Fargo’s financial planning services. Financial planning clients are charged a one-time fee that only covers the financial plan.

All of the investment programs offered through Wells Fargo Advisors Financial Network, a network of independent contractors, are wrap fee programs. Fee rates vary by advisory program, with total fees ranging from 1.50% to 2.50%

Wells Fargo Wealth Management Review

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAssets reviews. This page contains links to SmartAssets financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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Wells Fargo Advisors Disciplinary Disclosures

Wells Fargo Advisors has faced multiple disciplinary events within the last decade, many of which the firm settled by paying fines without admitting or denying the charges. For reference, the SEC requires all registered investment advisors to disclose on their Form ADV whether the firm, an employee or an affiliate has faced disciplinary actions relevant to their advisory business within the last decade.

Among the disclosures made by Wells Fargo Advisors in its Form ADV filings, the most recent events include:

For more information on Wells Fargo Advisors, you can visit its IAPD page.

Financial Advisor In Training

Build your own stand-alone business as a solo advisor in one of our branch offices on an accelerated, aggressive timeline. In addition to the professional qualifications outlined above, we are specifically looking candidates who are:

• Energetic self-starters who are flexible, conscientious, proactive, and detail-oriented
• Powerful communicators who reflects professional presence and are confident in interactions with clients and business partners
• Self-driven, independent team members who effectively prioritize and execute tasks and embrace new challenges
• Highly dynamic individuals who thrive in an interdependent team environment

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What To Watch Out For

As mentioned above, Wells Fargo offers investment advisory services both through Wells Fargo Advisors and Wells Fargo Advisors Financial Network, which can get confusing. The former is a team of in-house advisors, while the latter is a network of independent contractor representatives. All of the investment programs offered by the network are wrap fee programs for which Wells Fargo Advisors will act as a sub-advisor and/or service provider to Wells Fargo Advisors Financial Network. When youre searching for nearby financial advisors on its website, Wells Fargo does allow you to select whether youre looking for Wells Fargo Advisors or Wells Fargo Advisors Financial Network professionals.

It’s also worth noting that certain investment advisory programs allow the use of margin, which will enable clients to purchase additional securities but will also increase their asset-based fee. The increased fee may incentivize advisors to recommend this strategy. However, Wells Fargo notes that this isn’t suitable for all investors and can increase risk in an account.

Additionally, advisors receive different levels of compensation for different programs, which may create an incentive for them to recommend one program over another. Advisors may also be eligible to receive incentives or bonuses for meeting certain targets, such as referring business to affiliates or promoting investment advisory services.

Wells Fargo Investment Planning Process

Wells Fargo’s investment planning process is focused on clients’ life goals. The firm takes clients through an eight-step process that it calls The Envision Process. This involves identifying your major life goals and then creating an investment plan and asset allocation that supports those goals. According to Wells Fargo, clients’ Envision plans will take into account not only their life goals, but also their education goals, assets and liabilities, cash flow requirements, retirement planning needs, levels of acceptable investment risk and asset allocation objectives.

First, clients will work with their advisor to define their major life goals and figure out what their ideal goals would be, as well as their acceptable goals. From there, the advisor will help the client to prioritize their goals, which are then stress tested through statistical modeling. After these steps are complete, the advisor presents a recommendation for the client and the proposed asset allocation is then implemented. Once everything is in place, the advisor continues to monitor progress and work with the client to revise the plan as new goals and priorities arise.

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Wells Fargo Advisors Cons

• Higher than average fees: With fees generally ranging between 2% and 2.50% for its investment management programs, Wells Fargo Advisors fees tend to be higher than the industry average rates, which generally fall between 0.50% to 1.25% of assets under management. However, it is worth noting that the firm says its rates are negotiable. Also, many of Wells Fargo Advisors programs are wrap fee programs, which means all costs are bundled into one rate.
• Potential conflicts of interest: Since some Wells Fargo advisors may earn commissions for the sale of securities or insurance products, they may have an incentive to make such recommendations. This creates a potential conflict of interest as advisors may be financially incentivized to make certain recommendations over others.
• Misconduct allegations: There have been allegations of misconduct within the wealth management division at Wells Fargo . Wells Fargo & Company has also been the subject of numerous scandals since news broke in 2016 that the bank had been opening accounts on behalf of customers who had not asked for them. The company has gone through multiple CEOs and lost more than 1,500 advisors since the fake-account scandal became public.

Who Is Wells Fargo Advisors

Wells Fargo Advisors is a financial services firm, serving investors nationwide through a network of Financial Advisors. The company is based in St. Louis, Missouri.Read More

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Wells Fargo Advisors Financial Network LLC

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Overview Of Wells Fargo Advisors

Wells Fargo Advisors is the trade name used by Wells Fargo Clearing Services, LLC, the name under which the firm is technically registered with the U.S. Securities and Exchange Commission . The firm is an affiliate of Wells Fargo & Company, a massive publicly held financial holding and bank company founded in 1852 by Henry Wells and William Fargo during the San Francisco gold rush.

Today, Wells Fargo Advisors has nearly 24,000 employees, just over 10,600 of whom perform investment advisory and research functions. All of the firms employees also act as registered representatives of broker-dealers. The firm is affiliated with Wells Fargo Advisors Financial Network, a broker-dealer that provides brokerage and advisory services, as well as Wells Fargo Investment Institute, Inc., a registered investment advisor that offers research and advisory services to Wells Fargo Advisors.

Where Is Wells Fargo Located

Wells Fargo was founded in San Francisco and its headquarters remains there, in the city’s financial district. The companys financial advisors are located across the U.S. in Wells Fargo Advisors offices and inside Wells Fargo branch locations. Wells Fargo notes its advisors are also available over the phone.

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How Wells Fargo Advisors Invests Your Money

Wells Fargo Advisors uses its Envision® Process program to recommend a mix of investments for each clients portfolio. This in-depth planning process helps the firm to build a portfolio thats tailored to each clients current financial picture, future goals, risk profile and time horizon.

Your financial advisor will work with you to determine which type of advisory program best fits your needs and objectives. Options include unified and programs, mutual fund advisory programs, financial advisor-directed programs and non-discretionary, client-directed advisory programs.

Different types of investments are used in different programs, with some investing in mutual funds and others using exchange-traded products or individual investments like stocks, bonds and commodities-based investments. Some programs offer clients the option to include ESG-aware investments for those interested in values-based investing.

Is Wells Fargo Advisors Right For You

Wells Fargo Advisors may appeal to a broad range of potential investors, given the firms large geographic footprint and numerous portfolio offerings for investors at all levels. Additionally, the firms positioning within a massive financial institution can make it a one-stop shop for those who also want banking or loan assistance.

However, the firms advisors can earn commissions on the sale of certain financial products, so its important to ask your advisor whether theyre benefiting from any recommendations. You also should take note of Wells Fargo Advisors potentially higher than average fees as well as its disciplinary history.

Before you decide on a financial advisor to work with, be sure to research multiple firms to ensure you find the right advisor for you.

The Find a Financial Advisor links contained in this article will direct you to webpages devoted to MagnifyMoney Advisor . After completing a brief questionnaire, you will be matched with certain financial advisers who participate in MMAs referral program, which may or may not include the investment advisers discussed.

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How Can I Start Working With A Financial Advisor

If you are interested in investing with Wells Fargo Advisors, call us at 1-866-243-0931 or schedule a consultation.

Investment and Insurance Products are:

• Not Insured by the FDIC or Any Federal Government Agency
• Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
• Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

CAR-1021-04897

Services Offered By Wells Fargo

Wells Fargo provides investment advisory services through both Wells Fargo Advisors and Wells Fargo Advisors Financial Network, which provides services through a network of independent contractor representatives. Prospective clients can get a free initial consultation. The firm offers the following products and services:

• Advisory services
• Retirement planning
• Portfolio analysis and monitoring

Wells Fargo also offers comprehensive financial planning as one of its investment advisory services, though this service is not integrated with existing accounts and only includes the creation of a plan.

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What Types Of Clients Does Wells Fargo Advisors Serve

The bulk of the firms clients are individual investors, with a number of clients who are and are not considered high net worth. For reference, the SEC defines a high net worth individual as someone with at least $750,000 under an advisors management or a net worth believed to be at least $1.5 million. After individual investors, the firms largest client groups are pension and profit-sharing plans, business and charitable organizations.

Wells Fargo Advisors has multiple investment program offerings aimed at serving different types of investors. The minimum account balances vary greatly depending on the portfolio selected, ranging from $10,000 all the way up to $5 million. No minimum is required for the firms financial planning services.

Bank Or Wealth New Team Advisor

The Financial Advisor in Training participates in the Wells Fargo Advisors Financial Advisor Training Program on a fulltime basis. The Financial Advisor in Training will be fully trained and supported with the tools and resources to build an individual practice to serve as an advisor to clients, providing sound financial advice and counsel consistent with the clients goals and risk tolerance, and meet organizational revenue targets. The Financial Advisor in Training will receive training on the WBS partnership model and partnership expectations within both Wealth and the Community Bank. Financial Advisors in Training must pass the Series 7 exam, the Series 66 , complete online training, participate in classroom training, pass compliance exams on products and suitability, and complete the activity requirements of the program as preparation for becoming a full-time financial advisor. After the full-time structured training program has been successfully completed, team members will enter our FA Graduate Program and participate in the incentive compensation plan.

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