Wells Fargo Advisors, LLC (St. Louis)

Wells Fargo Advisors, LLC is a large advisory firm based in St. Louis. It manages $372.11 billion of regulatory assets for 1,339,368 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 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.

Wells Fargo Advisors: assets under management

The assets under management (AUM) of Wells Fargo Advisors, LLC is $372.11 billion. The firm's AUM has grown by 213% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $219.48 billion in discretionary accounts and $152.63 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $337.64 thousand.

Wells Fargo Advisors has custody of $368 billion in cash and securities for 1,316,331 clients in total and acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wells Fargo Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Wells Fargo Advisors, LLC

Daniel James Ludeman has been acting as President since 1 Jul 2003. Brand Frederick Meyer joined the executive team most recently as the Head Of Independent Brokerage Group / Board Of Managers.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 15 indirect owners.

Based in St. Louis

The principal office where Wells Fargo Advisors, LLC performs its advisory services is located at One North Jefferson Avenue, St. Louis, MO 63103 2205, which is also the mailing address of the firm. An additional office of the firm is in Newport Beach, CA. 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 336-726-8789. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wachovia.com.

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