Type | LLC |
---|---|
Genre | Securities |
Predecessor | Wachovia Securities |
Founded | 1879 as Leopold Cahn & Co. |
Headquarters | , |
Total assets | $1.9 trillion [1] |
Number of employees | 12,062 Advisors [2] |
Parent | Wells Fargo |
Divisions | Private Client Group (PCG), Wealth Brokerage Services (WBS) – (Bank Brokerage), FiNet, RIA Custody |
Website | www.wellsfargoadvisors.com |
Wells Fargo Advisors is a subsidiary of Wells Fargo, located in St Louis, Missouri. It is the third largest brokerage firm in the United States as of June 30, 2021 with $1.9 trillion retail client assets under management. [1]
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]
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 President is Sol Gindi.
The Wells Fargo Center is a multi-purpose indoor arena located in Philadelphia. It serves as the home of the Philadelphia Flyers of the National Hockey League (NHL), the Philadelphia 76ers of the National Basketball Association (NBA), and the Philadelphia Wings of the National Lacrosse League (NLL). The arena lies at the southwest corner of the South Philadelphia Sports Complex, which includes Lincoln Financial Field, Citizens Bank Park, and Xfinity Live!.
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets.
The Wells Fargo Championship is a professional golf tournament in North Carolina on the PGA Tour. Held in early May at the Quail Hollow Club in Charlotte, it has attracted some of the top players on the tour. It debuted in 2003 as the Wachovia Championship and was known in 2009 and 2010 as the Quail Hollow Championship. In 2017, the tournament offered a $7.5 million purse with a winner's share of $1.35 million.
First Union Corporation was a bank holding company that provided commercial and retail banking services in eleven states in the eastern U.S. First Union also provided various other financial services, including mortgage banking, credit card, investment banking, investment advisory, home equity lending, asset-based lending, leasing, insurance, international and securities brokerage services and private equity, through other subsidiaries. In September 2001, First Union completed their acquisition of Wachovia National Bank to become Wachovia Corporation, which used to be one of the largest financial holding companies in the US. As of the end of 2000, First Union had over $171 billion of total assets, over 70,000 employees and 2,193 branches. After their acquisition of Wachovia, they assumed the name and stock ticket symbol of the latter company.
Bache & Company was a securities firm that provided stock brokerage and investment banking services. The firm, which was founded in 1879, was based in New York, New York.
A.G. Edwards, Inc. was an American financial services holding company; its principal wholly owned subsidiary was A.G. Edwards & Sons, Inc., which operated as a full-service securities broker-dealer in the United States and Europe. The firm was acquired by Wachovia to be folded into Wachovia Securities; Wachovia was subsequently acquired by Wells Fargo, and the securities division was folded into Wells Fargo Advisors. The firm provided securities and commodities brokerage, investment banking, trust services, asset management, financial and retirement planning, private client services, investment management, and other related financial services to individual, governmental, and institutional clients.
The Wells Fargo Building, originally the Fidelity-Philadelphia Trust Company Building, is a skyscraper in Center City, Philadelphia, Pennsylvania, United States. Designed in the Beaux-Arts style by the architectural firm Simon & Simon, the building was erected for the Fidelity-Philadelphia Trust Co. in 1928. The 30-story high-rise is listed on the National Register of Historic Places.
This article outlines the history of Wells Fargo & Company from its merger with Norwest Corporation and beyond. The new company chose to retain the name of "Wells Fargo" and so this article is about the history after the merger.
100 North Main Street, also known as Wells Fargo Center, is a postmodern, 460-foot, 34-floor office skyscraper in Winston-Salem, North Carolina, United States. Originally named Wachovia Center, the building served as the corporate headquarters of Wachovia bank from 1995, the year of the tower's construction, to 2001, the year the corporation merged with First Union and moved its headquarters to Charlotte, North Carolina. It is the tallest building in the Piedmont Triad region and was the tallest in the Carolinas outside Charlotte until 2008, when RBC Plaza was completed in Raleigh.
Evergreen Investments was the investment management business of Wachovia. The brand was merged into Wells Fargo Advantage Funds and subsequently phased out following Wells Fargo's acquisition of Wachovia. The brand was officially retired on July 20, 2010.
The Shipt Tower is a 34-story, 454-foot (138 m) tall office building in Birmingham, Alabama. Built in 1986 as the corporate headquarters for SouthTrust Corporation, the building was known as the SouthTrust Tower until 2005, when SouthTrust completed its merger with Wachovia and it became the Wachovia Tower. It became the Wells Fargo Tower in September 2010 after Wells Fargo completed its purchase of Wachovia and a new logo was placed atop the building. Shipt, a local start-up and subsidiary of the Target Corporation announced in January 2019 that it would become the anchor tenant of the building in 2020. The Tower was rebranded as the Shipt Tower on May 23, 2020, when corporate signage was placed atop the tower.
One Wells Fargo Center is a 588-foot (179 m) skyscraper in Charlotte, North Carolina and is the headquarters for Wells Fargo's east coast division but will leave the building by the end of 2023. Opening on September 14, 1988, it was the tallest building in North Carolina, until 1992 when it was surpassed by the Bank of America Corporate Center. The building consists of 42 floors, a connected 22-story Hilton Hotel, YMCA, parking garage, plaza, and is connected to Two Wells Fargo Center via skybridge, as part of the Overstreet Mall.
Wachovia is a bank and a subsidiary of Wells Fargo.
550 South Tryon, formerly the Duke Energy Center, is a 786-foot (240 m) tall, 48-floor skyscraper in Charlotte, North Carolina. When completed in 2010, it was the largest building in Charlotte, second tallest building in Charlotte, 63rd tallest building in the United States, and the tallest in the world to use precast double tees.
Two Wells Fargo Center is a 433-foot (132 m) high rise in Charlotte, North Carolina. Completed in 1971. It is currently the 14th tallest building in Charlotte. The building consists of 32 floors, an atrium, plaza, seven-story parking garage, and is connected to neighboring buildings via skybridges, as part of the Overstreet Mall.
Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and internationally. The company has operations in 35 countries with over 70 million customers globally. It is considered a systemically important financial institution by the Financial Stability Board. Wells Fargo, in its present form, is a result of a merger between the original Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. While Norwest was the nominal survivor, the merged company took the better-known Wells Fargo name and moved to Wells Fargo's hub in San Francisco. At the same time, its banking subsidiary merged with Wells Fargo's Sioux Falls-based banking subsidiary. Wells Fargo became a coast-to-coast bank with the 2008 acquisition of Charlotte-based Wachovia.
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California. Wachovia provided global services through more than 40 offices around the world.
Wachovia Securities was the trade name of Wachovia's retail brokerage and institutional capital markets and investment banking subsidiaries. Following Wachovia's merger with Wells Fargo and Company on December 31, 2008, the retail brokerage became Wells Fargo Advisors on May 1, 2009 and the institutional capital markets and investment banking group became Wells Fargo Securities on July 6, 2009.
Wells Fargo Capitol Center is a 30-story 121.92 m high-rise skyscraper at 150 Fayetteville Street in Raleigh, North Carolina with 544,482 square feet (50,584.0 m2) of space. Completed in 1990, it was one of the downtown Raleigh's two tallest buildings for nearly twenty years, and is currently third tallest.
Robbins Geller Rudman & Dowd LLP is an American law firm headquartered in San Diego, California. It is a plaintiffs law firm specializing in securities litigation and shareholder rights cases.