Wells Fargo Advisors Financial Network
One N. Jefferson Ave.
St. Louis, MO 63103
Year founded: 2001
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||—||1,333||1,404|
|No. of producing reps||—||1,256||1,282|
|No. of reps producing $100K-$499K /year||—||539||633|
|Total revenues: Other||—||$256,623,994||$234,484,829|
|Total account assets||—||$104,735,000,000||$95,900,000,000|
|Total account assets: Other||—||$55,585,000,000||$53,400,000,000|
|Average assets per rep||—||$78,570,893||$68,304,843|
|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 20, 2019 - Daily adviser move activity Net gains/losses in adviser headcount by channel, 2019 year-to-date Top 5 moves of the week Name of adviser(s) AUM Firm leaving Firm joining Transition Date Taylor Browman, Tyler Weaver $240,000,000 Wells Fargo Clearing Services...
May 1, 2019 - Wells Fargo Advisors continues its restructuring, reducing the number of regions its financial advisers work under from 21 to 14. The firm's roughly 12,000 advisers who work in the firm's employee channel work within those regions. The move was made to...
March 11, 2019 - The Securities and Exchange Commission announced Monday that 79 investment firms agreed to return $125 million to clients to whom they had sold inappropriate high-fee mutual funds. The restitution, most of which went to retail investors, is the result...
January 10, 2019 - Harbor Financial Group, which manages $360 million in assets in two South Carolina locations, has switched affiliation from Wells Fargo Advisors Financial Network to LPL Financial. Three of the firm's five advisers â€” partners Cam Werntz and Clay Hershey,...
October 16, 2018 - A federal judge has granted class action status to a lawsuit brought by a financial adviser who claimed Wells Fargo Advisors cheated him out of $200,000 in deferred compensation. The adviser, Robert Berry, worked at Wells Fargo Advisors and predecessor...
September 25, 2018 - The Securities and Exchange Commission charged a former Wells Fargo adviser with allegedly defrauding his retail clients out of more than $1 million. John Gregory Schmidt, who is based in Dayton, Ohio, sold securities belonging to at least seven of his...
September 6, 2018 - A former Wells Fargo Advisors Financial Network broker who coached an elderly client to respond falsely to the firm when it asked her about his excessive commission charges agreed on Wednesday to an eight-month suspension and a $10,000 fine. A 30-year...
August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
August 1, 2018 - A nine-person team in Punta Gorda, Fla., managing $675 million through Wells Fargo's FiNet independent brokerage business has left to form Landsberg Bennett Private Wealth Management, a registered investment advisory firm. The team is led by Michael W....
- 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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