Wells Fargo Advisors

Last updated
Wells Fargo Advisors
Type LLC
Genre Securities
Predecessor Wachovia Securities
Founded1879 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]

Contents

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]

History

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.

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References

  1. 1 2 Kevin Johnston (August 15, 2017). "Top 25 Broker-Dealer Firms for 2017". Investopedia. Retrieved 20 September 2017.
  2. 1 2 "About US". Wells Fargo Financial Advisors. Retrieved 2017-09-20.
  3. "About Us"