Wells Fargo Advisors

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Wells Fargo Advisors, LLC
Type LLC
Genre Securities
Predecessor(s) Wachovia 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
Divisions Private Client Group (PCG), Wealth Brokerage Services (WBS) – (Bank Brokerage), Independent Brokerage Group (IBG)
Website www.wellsfargoadvisors.com

Wells Fargo Advisors, LLC, 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[edit]

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] The current CEO is Mary Mack.

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