Wells Fargo Advisors Financial Network

Wells Fargo Advisors Financial Network

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One N. Jefferson Ave.

St. Louis, MO 63103

(866) 485-5383

wfafinet.com

Clearing firm: First Clearing LLC

No. advisers: 1,316

AUM: $87,450,000,000

Year founded: 2001

Year end: Dec. 31

No. of retail offices: 660

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOKent Christian
Recruiting ContactAlex David
(314) 875-3950
E-mail
Compliance ContactPaul Sankovich
E-mail
Marketing ContactKevin Kozuszek
E-mail
Technology Operations ContactJoe Nestlerode
E-mail

Recruitment & Staffing

2016 2015 2014
No. of reps1,4041,3161,248
No. of producing reps1,2821,2441,154
No. of reps producing $100K-$499K /year633649625

Payout grid is available to Data Center subscribers only.

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2015 2014 2013
Total revenues$864,052,000$810,182,000$707,320,000
Commission revenues$262,151,750$253,846,000$244,289,000
Fee revenues$397,853,250$371,527,000$295,204,000
Total revenues: Other$204,047,000$184,809,000$167,827,000
2015 2014 2013
Total account assets$87,450,000,000$85,353,000,000$76,700,000,000
Fee-based assets$41,400,000,000$38,080,000,000$32,000,000,000
Total account assets: Other$46,050,000,000$47,273,000,000$44,700,000,000
Average assets per rep$66,451,368$68,391,827$62,817,363
Social Media & Mobile
Allows advisers to use social mediaY
Social media sites allowedFacebook
LinkedIn
Dedicated mobile application for advisers?Y
Primary purpose of mobile applicationAdvisor desktop

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December 14, 2016 - Wells Fargo Advisors Financial Network, or FiNet, snagged two former Morgan Stanley advisers who opened an independent practice. Tom Fautrel and Paul Carlson joined FiNet this month to open an independent practice, Seventy2 Capital, according to a statement...

Wells Fargo fined $1 million by Finra over client reports

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Wells Fargo to keep commission retirement accounts under DOL fiduciary rule

December 2, 2016 - Wells Fargo Advisors has elected to keep commission retirement accounts intact under a Labor Department regulation governing investment advice, a decision that comes as uncertainty looms over the rule's fate. The wirehouse made its announcement to its...

Broker-dealers deploying advanced cybersecurity measures

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Finra fines and suspends Wells Fargo adviser who lost job over cyberattack

October 7, 2016 - A former broker for Wells Fargo Advisors Financial Network who was the target last year of a cyber-attack that sucked $350,000 from a client's account was fined and suspended this week by the Financial Industry Regulatory Authority Inc. The adviser, Kathleen...

Advisers managing $587M join Wells Fargo from Morgan Stanley

August 25, 2016 - A team of financial advisers in California that manages $587 million in client assets has joined Wells Fargo & Co.'s independent brokerage arm from Morgan Stanley. Matt Petersen, Dwayne Michael, Michael Budd, Brian Gibson, Randy Gibson and Andy Carrigan...

Advisers leave Wells Fargo to create $4.5 billion RIA firm GYL Financial

August 1, 2016 - A group of financial advisers has left Wells Fargo & Co.'s independent brokerage arm to create registered investment advisory firm GYL Financial Synergies with $4.5 billion of client assets. Gerald Goldberg, Jonathan Yolles, Michael Lepore and Claire...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

All 2011-2015 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.

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