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: 1,333

No. franchises: 642

AUM: $104,735,000,000

Year founded: 2001

Year end: Dec. 31

No. of retail offices: 633

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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

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

2017 2016 2015
No. of reps1,3331,4041,316
No. of producing reps1,2561,2821,244
No. of reps producing $100K-$499K /year539633649

Payout grid is available to Data Center subscribers only.

Subscribe or log in to the B-D Data Center for access to all available data.

2017 2016 2015
Total revenues$990,794,849$910,827,000$864,052,000
Commission revenues$261,801,852$256,552,262$262,151,750
Fee revenues$472,369,003$419,789,910$397,853,250
Total revenues: Other$256,623,994$234,484,829$204,047,000
2017 2016 2015
Total account assets$104,735,000,000$95,900,000,000$87,450,000,000
Fee-based assets$49,150,000,000$42,500,000,000$41,400,000,000
Total account assets: Other$55,585,000,000$53,400,000,000$46,050,000,000
Average assets per rep$78,570,893$68,304,843$66,451,368
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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FiNet group managing $675 million becomes an RIA

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Wells Fargo Advisors continues to bleed reps

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Independent broker-dealers are stepping up their game on recruiting from the wirehouses

January 27, 2018 - For years, many wirehouse brokers wouldn't consider moving to an independent broker-dealer — and for good reason. The technology at IBDs wasn't on par with the wires. They had no public branding to bring clients in the door. And perhaps above all else,...

Wells Fargo, Morgan Stanley use contrary tactics to keep advisers

January 25, 2018 - Wells Fargo Advisors and Morgan Stanley are using extremely different tactics in the battle to hang onto their financial advisers. Wells Fargo started the year by dangling a carrot at its 14,544 retail and wealth management advisers, while Morgan Stanley...

Merrill Lynch rep managing $200 million moves to Wells Fargo

January 24, 2018 - Dennis Hall, who managed $200 million in assets at Merrill Lynch, has joined Florham Park Wealth Advisors, an independent practice in Florham Park, N.J., that is affiliated with Wells Fargo Advisors Financial Network. Mr. Hall began his securities career...

Wells Fargo erasing hurdles for advisers looking to move to its IBD

January 24, 2018 - The independent contractor arm of Wells Fargo Advisors, Wells Fargo Advisors Financial Network, or FiNet, intends to make it easier this year for brokers who are employees to jump to another side of the business and work as independent reps under FiNet....

Janney loses rep with $207 million AUM to Wells Fargo

September 8, 2017 - Thayer (Terry) Potter, who managed $207 million in client assets at Janney Montgomery Scott, has started his own business, Twin River Wealth Management, and affiliated with Wells Fargo Advisors Financial Network (FiNet). The new firm is based in Lewisburg,...

    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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