Wells Fargo Investments, LLC (San Francisco)

Name: Wells Fargo Investments, LLC
Address: 420 Montgomery Street, San Francisco, CA, 94104
Telephone: (415) 947-1827

Wells Fargo Investments, LLC is a large advisory firm based in San Francisco. It manages $13.9 billion of regulatory assets for 50,207 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Wells Fargo Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wells Fargo Investments: assets under management

The assets under management (AUM) of Wells Fargo Investments, LLC is $13.9 billion. The firm's AUM has grown by 15258% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.57 billion in discretionary accounts and $11.33 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $407.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $258.17 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wells Fargo Investments, 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.

Careers at Wells Fargo Investments, LLC

Lesa Anne Sroufe has been acting as President since 1 Mar 2000. Cliff Gevan Granger joined the executive team most recently as the Aml Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert James Jr Mortell	Chief operating officer	1 Jul 1987	Other	1056535
Michael William Reinhardt	Cco and corporate secretary	1 Aug 1993	Other	804936
Victor Lawrence Bensussen	Chief financial officer	1 Nov 1996	Other	1523151
Ragen Mackenzie Group Incorporated	Direct owner	1 Jun 1998	75% - 100%	91-1898738
James Patrick Kerr	President	1 Jan 1999	Other	824040
Victor Lawrence Bensussen	Cfo/sr. vp & asst corp secretary	1 Mar 1999	Other	1523151
Lesa Anne Sroufe	Director	1 Mar 2000	Other	1039743
Dennis Jack Mooradian	Chief executive officer	1 Aug 2000	Other	338698
Leah Marie Kaufman	Srop/crop, vp	1 Aug 2000	Other	2221956
Inc. Wells Fargo Investment Group	Direct owner	1 Oct 2000	75% - 100%	41-1975159
Victor Lawrence Bensussen	Director/treasurer & cfo	1 Jul 2001	Other	1523151
Dennis Jack Mooradian	Director/chairman of the board	1 Jul 2001	Other	338698
Shelley Steuer Freeman	Director/executive vice president	1 Jul 2001	Other	1262649
Gregory Phillip Bronstein	Director/senior vice president	1 Jul 2001	Other	2276699
Charles Willard Iii Daggs	Director/executive vice president	1 Jul 2001	Other	59782
Patricia Ann Ross	Senior vice president/chief compliance officer	1 Jul 2001	Other	717926
William P Hayes	Chief compliance officer	1 Apr 2002	Other	2395457
William Patrick Hayes	Chief compliance officer	1 Apr 2002	Other	2395457
Dennis Jack Mooradian	Chairman & co-chief executive officer	1 Apr 2003	Other	338698
Gregory Phillip Bronstein	Co-president & co-chief executive officer	1 Apr 2003	Other	2276699
Charles Willard Iii Daggs	Co-president & co-chief executive officer	1 Apr 2003	Other	59782
Gregory Phillip Bronstein	Director	1 Feb 2004	Other	2276699
Charles Willard Iii Daggs	Chief executive officer, president & director	1 Feb 2004	Other	59782
William Patrick Hayes	Chief compliance officer & director	1 Feb 2004	Other	2395457
Jay Scott Welker	Chairman & director	1 Feb 2004	Other	2869678
Kenneth Steven Cameranesi	Director	1 Feb 2004	Other	1292159
Barbara Jean Lannin	Director	1 Feb 2004	Other	3007837
Lynn Ann Gerber	Aml compliance officer	1 Apr 2005	Other	4897337
Salvador Bores Gomez	Aml compliance officer	1 Sep 2006	Other	4918035
Rachel Kenyon Perkel	Director	1 Dec 2006	Other	2445943
Lisa Anne Amador	Chief compliance officer	1 Apr 2007	Other	1336656
Kyle C Rulau	Aml compliance officer	1 Jun 2007	Other	5357313
Lincoln Blaine Yersin	Director	1 Feb 2008	Other	1715424
Cliff Gevan Granger	Aml compliance officer	1 Nov 2008	Other	4787929

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Wells Fargo & Company	Direct owner	1 Mar 2000	75% - 100%	41-0449260
Inc Ragen Mackenzie Group	Shareholder	1 Sep 2000	75% - 100%	41-0449260
Wells Fargo & Company	Shareholder	1 Sep 2000	75% - 100%	41-0449260
Wells Fargo & Company	Shareholder	1 Dec 2002	75% - 100%	41-0449260

Based in San Francisco

The principal office where Wells Fargo Investments, LLC performs its advisory services is located at 420 Montgomery Street, San Francisco, CA 94104 The mailing address of the firm is 550 California Street, 6 Th Floor, San Francisco, CA 94104. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (415) 947-1827 or by fax (415) 975-7951. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at www.wellsfargo.com.