Wells Fargo Advisors Financial Network
One N. Jefferson Ave.
St. Louis, MO 63103
Clearing firm: First Clearing LLC
No. advisers: 1,404
No. franchises: 655
Year founded: 2001
Year end: Dec. 31
No. of retail offices: 660
Recruitment & Staffing
|No. of reps||1,404||1,316||1,248|
|No. of producing reps||1,282||1,244||1,154|
|No. of reps producing $100K-$499K /year||633||649||625|
|Total revenues: Other||$234,484,829||$204,047,000||$184,809,000|
|Total account assets||$95,900,000,000||$87,450,000,000||$85,353,000,000|
|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 media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||Advisor desktop|
May 26, 2017 - While financial advisers find it challenging enough to stay on top of new financial technologies, some firms are dedicating resources to ensure they have a heads-up on the latest fintech innovations coming down the pike. Edward Jones is investing hundreds...
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...
May 2, 2017 - A team led by adviser Mark F. Burns and managing $300 million in assets has left the Wells Fargo Advisors Financial Network for HighTower. Synergy Capital Solutions, previously known as BIG Planning, has offices in Chicago, Naples, Fla., and Bloomfield...
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($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...
April 22, 2017 - As commission revenue continued its decline in 2016 and headwinds from regulators stiffened, the independent broker-dealer industry hit a wall, with the top 25 firms â€” those with roughly $250 million and more in total revenue â€” collectively reporting...
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...
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 â€” 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...
- 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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.
Voya Financial Inc. has a board of directors that is 40% female, and the emphasis on diversity and inclusion carries through to the firm's advisory business, says Tom Halloran, president of Voya Financial Advisors.
Sponsored by Prudential
Latest news & opinion
Wirehouse is seen as trying to shore up adviser ranks that took a hit after banking scandal
Firm will pay $650,000 for suitability, compliance and books and records violations.
Shortfall driven by longer life spans and disappointing investment returns.
Wirehouse, after losing 400 brokers in first quarter, is bucking trend among rivals who have said they are going to cut back on spending big bucks recruiting veteran advisers
Insurers are introducing fixed-rate deferred annuities with income guarantees to circumvent BICE.