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|
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...
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....
- 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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