SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Wells Fargo Advisors
St. Louis, MO
Wells Fargo Clearing Services, LLC, CRD 19616
Firm filing updated September 2, 2026 ·
- $671.4BAssets
- 1,324,168Clients
- 7,957Advisory staff
- 1,324,168Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- CommissionsYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- Performance-based feesNo
- OtherNo
Who the firm serves
- High net worth individuals654,519
- Individuals644,097
- Corporations or other businesses10,435
- Pension and profit sharing plans9,346
- Charities5,564
- and 3 more97
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 644,097 | $122.5 billion |
| High net worth individuals | 654,519 | $495.1 billion |
| Banking or thrift institutions | 10 | $13.9 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 9,346 | $8.7 billion |
| Charitable organizations | 5,564 | $14.7 billion |
| State or municipal government entities (including government pension plans) | 64 | $823.1 million |
| Insurance companies | 23 | $392.8 million |
| Corporations or other businesses not listed above | 10,435 | $29.1 billion |
| Other: "ALL OTHER TYPES OF ACCOUNTS NOT CAPTURED IN THE ABOVE CATEGORIES" | 110 | $96.3 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
See all 6 services
- Pension consulting services
- Selection of other advisors (including private fund managers)
- Other: "INVESTMENT CONSULTING SERVICES TO INSTITUTIONAL CLIENTS"
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisors (including private fund managers)
- Other: "INVESTMENT CONSULTING SERVICES TO INSTITUTIONAL CLIENTS"
Assets and accounts
- Regulatory assets$671.4 billion
- Accounts1,324,168
- Discretionary$478.8 billion · 987,321 accounts
- Non-discretionary$192.6 billion · 336,847 accounts
People
- Employees18,895
- Advisory staff7,957
- Broker-dealer reps18,895
- Licensed insurance agents13,779
- Planning clients51 to 100
Advisors
8,800 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- Legal name: Wells Fargo Clearing Services, LLC SEC-registered investment advisor. CRD 19616, SEC file 801-37967.
- Registered with the SEC as an investment advisor (status date on record: October 5, 1990).
Is Wells Fargo Advisors a fiduciary?
Short answer: Wells Fargo Advisors is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 18,895 staff are broker-dealer representatives, the firm is itself a broker-dealer and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
13,779 staff are licensed insurance agents and the firm has a related insurance company or agency.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.