WELLS FARGO CLEARING SERVICES, LLC
Adviser information for WELLS FARGO CLEARING SERVICES, LLC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 19871 |
|---|---|
| Investment Advisory/Research | 8623 |
| Registered Broker-Dealer Representatives | 19871 |
| Registered State Investment Advisers | 15975 |
| Licensed Agents of an Insurance Company | 14727 |
| No. of Firms/People that Solicit Clients | 135 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 1.0M | $393.2B |
| Non-Discretionary | 337,545 | $165.3B |
| Total | 1.4M | $558.5B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 708,641 | $120.6B |
| HNW Individuals | 614,826 | $391.4B |
| Banking or thrift institutions | 11 | $10.5M |
| Investment companies | 1 | $655,887 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 10,924 | $8.5B |
| Charitable organizations | 6,274 | $13.2B |
| State or municipal gov entities | 118 | $965.9M |
| Other investment advisers | 0 | $0 |
| Insurance companies | 34 | $422.5M |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 11,065 | $23.2B |
| Other | 158 | $170.7M |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 5927 |
| No. of Non-U.S. Clients | 1 |
| No. of Financial Planning Clients | 1-10 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)INVESTMENT CONSULTING SERVICES TO INSTITUTIONAL CLIENTS |
|---|---|
| Compensation | % of AUMFixed feesCommissions |
| Other Business Activities | Broker-dealerINSURANCE PRODUCT SALES |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 165.3B |
| Portfolio Manager | 0 |
| Both for Same | 393.2B |
| Portfolio Manager to Program | Sponsor |
|---|---|
| QUANTITATIVE CHOICE | WELLS FARGO ADVISORS |
| PERSONALIZED UNIFIED MANAGED ACCOUNT | WELLS FARGO ADVISORS |
| PRIVATE INVESTMENT MANAGEMENT | WELLS FARGO ADVISORS |
| FUNDAMENTAL CHOICE | WELLS FARGO ADVISORS |
| FUNDSOURCE | WELLS FARGO ADVISORS |
Identifiers
| SEC RIA File Number | 801-37967 |
|---|---|
| SEC ERA File Number | 801-37967 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 19616 |
| Legal Entity Identifier | 88KRVSOEKUGQZJ3DKW55 |
Principal Office
ONE NORTH JEFFERSON AVENUEMAIL CODE: H0004-063
ST. LOUIS
MO
United States
Monday - Friday, 8:00AM - 5:00PM
Tel: 314-875-3000, Fax: None
Websites
www.wellsfargoadvisors.com
www.wellsfargoclearingservicesllc.com
www.linkedin.com/company/wells-fargo-advisors/
fcc.fccaccessonline.com
stories.wf.com/
www.wellsfargoadvisors.com/online-access/signon.htm
www.wellsfargoadvisors.com/wfa/mobile.htm
www.facebook.com/wellsfargoadvisors/
www.youtube.com/@wellsfargo
www.twitter.com/wfinvesting
www.wellsfargo.com
Chief Compliance Officer
CHRISTOS TSAMADIAS
HEAD OF WEALTH AND INVESTMENT MANAGEMENT COMPLIANCE
30 HUDSON YARDS 61ST FL
MAIL CODE: J0193-610
NEW YORK
NY
United States
Tel:
212-214-2624
C*****************@*************M
(Full email address available in API data)
Regulatory Contact
CHRIS RAGSDALE
COMPLIANCE SENIOR MANAGER
ONE NORTH JEFFERSON AVENUE, 6TH FLOOR
MAIL CODE: H0004-063
ST. LOUIS
MO
United States
Tel:
314-875-3294
C*************@*************M
(Full email address available in API data)
Industry Affiliates
| WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersPension consultant |
| WELLS FARGO BANK, N. A. | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersCommodity pool operator or commodity trading advisorBanking or thrift institutionTrust companyInsurance company or agencyPension consultantSponsor or syndicator of limited partnershipsSponsor, GP, manager of pooled investment vehicles |
| WELLS FARGO INVESTMENT INSTITUTE, INC. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor or syndicator of limited partnershipsSponsor, GP, manager of pooled investment vehicles |
| WELLS FARGO PRIME SERVICES, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| WELLS FARGO SECURITIES (JAPAN) CO., LTD. | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| WELLS FARGO SECURITIES ASIA LIMITED | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| WELLS FARGO SECURITIES CANADA, LTD | Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant |
| WELLS FARGO SECURITIES INTERNATIONAL LIMITED | Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant |
| WELLS FARGO SECURITIES, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| WACHOVIA SECURITIES FINANCIAL HOLDINGS, LLC | Domestic Entity | – | SOLE MEMBER | 12/2003 | > 75% |
| EVEREN CAPITAL CORPORATION | Domestic Entity | WACHOVIA SECURITIES FINANCIAL HOLDINGS, LLC | SHARE HOLDER | 08/2010 | > 75% |
| WELLS FARGO & COMPANY | Domestic Entity | WFC HOLDINGS, LLC | SHARE HOLDER | 09/1998 | > 75% |
| KARANIK, ERIK ANTHONY | Individual | – | CONTROL MANAGEMENT EXECUTIVE / BOARD OF MANAGERS | 03/2017 | < 5% |
| WFC HOLDINGS, LLC | Domestic Entity | EVEREN CAPITAL CORPORATION | SHARE HOLDER | 12/2017 | > 75% |
| SOMMERS, BARRY | Individual | – | CHIEF EXECUTIVE OFFICER / BOARD OF MANAGERS | 01/2021 | < 5% |
| CRONK, DARRELL | Individual | – | HEAD OF INVESTMENT SOLUTIONS / WIM CHIEF INVESTMENT OFFICER / BOARD OF MANAGERS / CONTROL PRINCIPAL | 01/2021 | < 5% |
| LIERSCH, MICHAEL | Individual | – | WIM HEAD OF ADVICE & PLANNING / BOARD OF MANAGERS / CONTROL PRINCIPAL | 01/2021 | < 5% |
| GINDI, SOL | Individual | – | PRESIDENT / HEAD OF WIM DISTRIBUTION / BOARD OF MANAGERS / CONTROL PRINCIPAL | 01/2021 | < 5% |
| SAUNDERS, DAVID WARD | Individual | – | DESIGNATED STATE PRINCIPAL | 09/2022 | < 5% |
| PATEL, RAKESH | Individual | – | CHIEF FINANCIAL OFFICER / BOARD OF MANAGERS | 12/2022 | < 5% |
| LACEY, PAUL | Individual | – | PRINCIPAL OPERATIONS OFFICER / CONTROL PRINCIPAL | 04/2023 | < 5% |
| TSAMADIAS, CHRISTOS G | Individual | – | CHIEF COMPLIANCE OFFICER | 10/2023 | < 5% |
| GARRETT, RICHARD VANCE | Individual | – | CHIEF COMPLIANCE OFFICER (IA ONLY) | 10/2023 | < 5% |
| SOMESHWAR, PRASANNA | Individual | – | HEAD OF BANKING, LENDING & TRUST / CONTROL PRINCIPAL | 10/2023 | < 5% |