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Wells Fargo Advisors

Wells Fargo Advisors is a subsidiary of Wells Fargo, located in Charlotte, North Carolina. It is the ninth largest brokerage firm in the United States as of August 17, 2017 with $490 billion retail client assets under management.[1]

Wells Fargo Advisors
LLC
Genre Securities
Predecessor Wachovia Securities
Founded 1879 as Leopold Cahn & Co.
Headquarters Charlotte, North Carolina, United States
Total assets $490 billion[1]
Number of employees
15,000 Advisors[2]
Parent Wells Fargo
Divisions Private Client Group (PCG), Wealth Brokerage Services (WBS) – (Bank Brokerage), Independent Brokerage Group (IBG)
Website www.wellsfargoadvisors.com

The subsidiary was formerly known as Wachovia Securities until May 1, 2009, when it legally changed names following Wells Fargo's acquisition of Wachovia Corporation.[2]

HistoryEdit

Wells Fargo Advisors traces its history to 1879, where it grew through mergers with many of the industry's regional and national firms. These include Wachovia Securities, A. G. Edwards, and Bache & Co..[3] The current CEO is David Kowach.

ReferencesEdit

  1. ^ a b Kevin Johnston (August 15, 2017). "Top 25 Broker-Dealer Firms for 2017". Investopedia. Retrieved 20 September 2017. 
  2. ^ a b "About US". Wells Fargo Financial Advisors. Retrieved 2017-09-20. 
  3. ^ https://www.wellsfargoadvisors.com/about-wells-fargo-advisors/investment-firm.htm

External linksEdit