Wells Fargo Advisors Financial Network
One N. Jefferson Ave.
St. Louis, MO 63103
Clearing firm: First Clearing LLC
No. advisers: 1,333
No. franchises: 642
Year founded: 2001
Year end: Dec. 31
No. of retail offices: 633
Recruitment & Staffing
|No. of reps||1,333||1,404||1,316|
|No. of producing reps||1,256||1,282||1,244|
|No. of reps producing $100K-$499K /year||539||633||649|
|Total revenues: Other||$256,623,994||$234,484,829||$204,047,000|
|Total account assets||$104,735,000,000||$95,900,000,000||$87,450,000,000|
|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||$66,451,368|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||Advisor desktop|
April 21, 2018 - Firm 2017 % revenue ($M) % change vs. 2016 2017 commission revenue ($M) % change vs. 2016 2017 fee revenue ($M) % change vs. 2016 2017 other revenue ($M) % change vs. 2016 1 LPL Financial $4,281.50 5.70% $1,670.80 -3.80% $1,409.20 9.30% $1,201.40 17.50%...
April 13, 2018 - Wells Fargo Advisors continues to see a decline in the number of brokers and advisers working at the firm's various channels, reporting Friday a net loss of 145 reps over the first three months of this year. A spokeswoman for Wells Fargo Advisors, Emily...
January 27, 2018 - For years, many wirehouse brokers wouldn't consider moving to an independent broker-dealer â€” 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,...
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...
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....
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...
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,...
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...
June 1, 2017 - Two registered representatives each managing more than $100 million in client assets have left their firms and affiliated with Wells Fargo Advisors Financial Network, the bank's independent contractor unit. (More: Wells Fargo's move to boost signing bonuses...
- 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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