Wells Fargo Advisors Financial Network, LLC is a large advisory firm based in St. Louis. It manages $47.52 billion of regulatory assets for 154,383 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Wells Fargo Advisors Financial Network provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment consulting services to institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm also engages as insurance product sales.
The assets under management (AUM) of Wells Fargo Advisors Financial Network, LLC is $47.52 billion. The firm's AUM has grown by 463% since the beginning of its operation, and $34.33 million 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 Advisors Financial Network, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Charlie Kent Christian is high net worth individuals with 63,863 clients and $30.33 billion of assets under management. Among the 11 most similar advisory firms, Wells Fargo Advisors Financial Network has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $47.52 billion for 154,382 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Wells Fargo Advisors Financial Network doesn't advise any private funds.
The company employs 1,978 people that are either part- or full-time employees. 61 percent of the employees work as investment advisers or researchers. 1,711 employees are registered as investment adviser representatives with the state securities authorities.
There are 56 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Charlie Kent Christian has been acting as President since 1 Jul 2012. James Mchale joined the executive team most recently as the Business Control Leader.
The principal office where Wells Fargo Advisors Financial Network, LLC performs its advisory services is located at One North Jefferson Avenue, St. Louis, MO 63103, which is also the mailing address of the firm. An additional office of the firm is in Lenox, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 314-875-3000 or by fax 844-879-2154. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at wachovia.com.