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: 1,404

No. franchises: 655

AUM: $95,900,000,000

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
Top ExecutiveKent 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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2016 2015 2014
Total revenues$910,827,000$864,052,000$810,182,000
Commission revenues$256,552,262$262,151,750$253,846,000
Fee revenues$419,789,910$397,853,250$371,527,000
Total revenues: Other$234,484,829$204,047,000$184,809,000
2016 2015 2014
Total account assets$95,900,000,000$87,450,000,000$85,353,000,000
Fee-based assets$42,500,000,000$41,400,000,000$38,080,000,000
Total account assets: Other$53,400,000,000$46,050,000,000$47,273,000,000
Average assets per rep$68,304,843$66,451,368$68,391,827
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

Top clearing and custody firms for financial advisers

August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...

Wells Fargo FiNet loses $275 million team to Raymond James

May 18, 2017 - Jeff Holloway and Sean Harman and their team in Kansas City, Mo., have switched affiliations from Wells Fargo Advisors Financial Network to the independent unit of Raymond James. The five-person team, operating as Holloway Harman & Associates, managed...

Wells Fargo's FiNet loses $300 million team to HighTower

May 2, 2017 - A team led by adviser Mark F. Burns and managing $300 million in assets has left the Wells Fargo Advisors Financial Network for HighTower. Synergy Capital Solutions, previously known as BIG Planning, has offices in Chicago, Naples, Fla., and Bloomfield...

Top independent broker-dealers by revenue and payout

April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL Financial...

Wells Fargo duo moves to HighTower

April 19, 2017 - A two-person Buffalo, N.Y., team that managed $175 million in assets while affiliated with the Wells Fargo Advisors Financial Network (FiNet) has moved to HighTower. Thomas Volpini and Derek Bock, whose team was known as National Wealth Management at...

Top independent broker-dealers reveal their payout tables

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....

Watch for this new cybersecurity scam, IRS warns

January 13, 2017 - The Internal Revenue Service is warning tax professionals to beware of emails ostensibly penned by prospects — and advisers should heed the same guidance. A new phishing scheme is making the rounds where cybercriminals pose as an individual who is looking...

Finra slaps 12 firms with $14.4 million fine for cybersecurity issues

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...

Wells Fargo's FiNet snags two Morgan Stanley advisers with $243 million in client assets

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...

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

All 2011-2016 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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