Wells Fargo Asset Management International, LLC is a large advisory firm based in London. It manages $5.24 billion of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2018.
Wells Fargo Asset Management International provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wells Fargo Asset Management International, LLC is $5.24 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and $2.74 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wells Fargo Asset Management International, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Daniel Morris is investment companies with 9 clients and $843.22 million of assets under management. Among the 10 most similar advisory firms, Wells Fargo Asset Management International has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $1.02 billion for 15 clients. 32% of the firm’s clients are foreign persons or businesses.
Wells Fargo Asset Management International also advises several private funds.
The company employs 55 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Daniel Morris has been acting as President since 1 Jan 2018. David Bullock joined the executive team most recently as the Director.
The principal office where Wells Fargo Asset Management International, LLC performs its advisory services is located at 33 King William Street, London, Ec4 R 9 At, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 44-203-942-8000 or by fax 44-203 014 1190. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at wellscap.com.