Wells Fargo Advisors Financial Network
One N. Jefferson Ave.
St. Louis, MO 63103
Clearing firm: First Clearing LLC
No. advisers: 1,316
Year founded: 2001
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||1,381||1,316||1,248|
|No. of producing reps||—||1,244||1,154|
|No. of reps producing $100K-$499K /year||—||649||625|
|Total revenues: Other||$204,047,000||$184,809,000||$167,827,000|
|Total account assets||$87,450,000,000||$85,353,000,000||$76,700,000,000|
|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 media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||Advisor desktop|
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
January 13, 2017 - The Internal Revenue Service is warning tax professionals to beware of emails ostensibly penned by prospects ‚ÄĒ and advisers should heed the same guidance. A new phishing scheme is making the rounds where cybercriminals pose as an individual who is looking...
December 21, 2016 - Finra handed down $14.4 million in fines to a dozen firms on Wednesday for breaches related to the retention of broker-dealers' and customers' electronic records, which the brokerage industry watchdog claims made the firms vulnerable to cybersecurity...
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...
December 6, 2016 - The Financial Industry Regulatory Authority Inc. has fined Wells Fargo $1 million for failing to have in place reasonable supervisory systems to monitor advisers' creation of consolidated reports for clients. The Finra fine and settlement disclosed Monday...
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...
October 17, 2016 - The nation's large broker-dealers are helping to protect financial planners from the threat cyber criminals pose to their business, even as advisers themselves tend to underestimate the risk. Firms are moving beyond the typical warnings of avoiding public...
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...
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...
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...
- 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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