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Wells Fargo. Divisions. Private Client Group (PCG), Wealth Brokerage Services (WBS) – (Bank Brokerage), FiNet, RIA Custody. Website. www.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, 2021 with $1.9 trillion ...
It is one of the most valuable bank brands. [11] [12] Wells Fargo is ranked 47th on the Fortune 500 list of the largest companies in the U.S. [13] In addition to banking, the company provides equipment financing via subsidiaries including Wells Fargo Rail and provides investment management and stockbrokerage services.
Wells Fargo. Number of employees. 1300 (2022) Website. www .allspringglobal .com. Footnotes / references. [1] Allspring Global Investments (Allspring) is a global asset management firm headquartered in Charlotte, North Carolina. It was previously the asset management unit of Wells Fargo until November 2021 when it commenced operations as an ...
On July 1, 2009, Wachovia Securities was renamed Wells Fargo Advisors and Wells Fargo Investments, which included the former A.G. Edwards business lines. Controversy. In 2006 the firm agreed to pay $900,000 "to settle claims that it charged customers excessive account fees." In 2007 they paid "nearly $4 million" for a market-timing violation.
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. [3] Wachovia provided a broad range of banking, asset management, wealth management, and corporate ...
Here’s an at-a-glance look at the Wells Fargo routing number for each state: Wells Fargo Routing Numbers By State. State. Routing Number. Wells Fargo Alabama. 062000080. Wells Fargo Alaska ...
Wells Fargo's investment services became a leader during the late 1970s. According to Institutional Investor, Wells Fargo garnered more new accounts from the 350 largest pension funds between 1975 and 1980 than any other money manager. The bank's aggressive marketing of its services included seminars explaining modern portfolio theory.
It was absorbed in 1988 in the biggest U.S. bank merger up to that point, and is today part of Wells Fargo. History [ edit ] It was founded in 1866 by financier Clarence H. Clark (1833–1906) and several partners as the Fidelity Insurance, Trust, & Safe Deposit Company with initial capital of $250,000.