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Wells Fargo Advisors
TypeLLC
GenreSecurities
PredecessorWachovia Securities
Founded1879 as Leopold Cahn & Co.
Headquarters,
Total assets$1.5 trillion[1]
Number of employees
13,298 Advisors[2]
ParentWells Fargo
DivisionsPrivate Client Group (PCG), Wealth Brokerage Services (WBS) – (Bank Brokerage), FiNet, RIA Custody
Websitewww.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, 2020 with $1.5 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]

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 James E Hayes.

References

  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. ^ "About Us"