Wells Fargo Advisors

Type: Subsidiary
On the web: http://www.wellsfargoadvisers.com
Employees: 19,920

The iconic Wells Fargo stagecoach has a few extra stops to make. Wells Fargo Advisors (formerly Wachovia Securities) is now the securities brokerage arm of Wells Fargo & Company. The firm is the end result of a merger between the former Wachovia subsidiary and A.G. Edwards in 2007. Wells Fargo then merged the brokerage into its operations in 2009 after it bought Wachovia in 2008. With more than $1 trillion worth of assets under management and more than 5 million client accounts, Wells Fargo Advisors offers a range of brokerage, asset management, and financial advisory services. The company's Capital Markets unit performs investment banking services.

Key numbers for fiscal year ending December, 2008:
Sales: $1,965.9M

Officers:
President and CEO: Daniel J. (Danny) Ludeman
CIO: Mark Hammersmith
Executive Director Marketing, Innovation, and Growth: David Monday

Competitors:
Charles Schwab
Edward Jones
Merrill Lynch

Wells Fargo Advisors

Type	LLC
Genre	Securities
Founded	1879 as Leopold Cahn & Co.
Headquarters	St. Louis, Missouri, United States
Total assets	$1.17 trillion[1]
Employees	17,900[1]
Parent	Wells Fargo
Website	www.wellsfargoadvisors.com

Wells Fargo Advisors, is a subsidiary of Wells Fargo, located in St. Louis, Missouri. It is the second largest brokerage firm in the United States as of October 1, 2007 with $1.17 trillion retail client assets under management.^[1]

The subsidiary was formerly known as Wachovia Securities until May 1, 2009, when it legally changed names following the Wells Fargo's acquisition of Wachovia Corporation.

History

Wells Fargo Advisors traces its history to 1879, where it grew through mergers with many of the industry's regional and national firms. These include Wachovia Securities, A. G. Edwards, and Bache & Co.. ^[2]

References

1. ^ ^{a b c} "Why Wachovia Securities?". Wachovia Corporation. http://www.wachoviasec.com/wachoviasec/WachoviaSecCommand. Retrieved on 2008-04-04. 
2. ^ https://www.wellsfargoadvisors.com/about-wells-fargo-advisors/investment-firm.htm

External links

• Wachovia Securities

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