- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Banking Institutions
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Wells Fargo Advisors Financial Network, LLC Overview
Wells Fargo Advisors Financial Network, LLC is a fee based, broker-dealer registered investment advisory firm that has been in business since 2000. The firm is headquartered in St. Louis, MO. Wells Fargo Advisors Financial Network offers a wide range of services to individuals, small businesses, and institutional clients. Their services include financial planning, portfolio management, pension consulting, selection of other advisors and other investment consulting services to institutional clients. Wells Fargo Advisors Financial Network prides itself on being a seller of additional financial products, providing valuable investment advice, and offering portfolio management services for businesses and institutional clients. The firm uses a fee based approach to their services, ensuring they provide unbiased cost-effective solutions for their clients. Wells Fargo Advisors Financial Network is a respected advisory firm, known for its experience and expertise in the financial market. With their portfolio management services, they are equipped to offer tailored solutions based on the unique needs of their clients, including individuals, small businesses, and institutional clients. Furthermore, the firm offers pension consulting services, ensuring that their clients make informed decisions regarding their retirement. With their investment consulting services for institutional clients, they are well-positioned to provide valuable insights and solutions that drive growth and increase profitability. Overall, Wells Fargo Advisors Financial Network is a reputable firm that offers top-notch investment advisory services to clients nationally.
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC is a financial advisory firm that caters to a diverse range of clients, including individuals, high net worth individuals, banking institutions, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other corporation types not listed. The firm's extensive client base reflects its ability to provide a comprehensive range of financial services to a diverse range of clients with varying investment needs. When it comes to fee structures, WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC offers a range of options depending on the services provided. Clients can choose from a percentage of assets under management (AUM), hourly fees, fixed fees, or commissions. The percentage of AUM is a fee paid annually by clients based on the total market value of investments managed by the firm. Fixed fees, on the other hand, are flat rates charged by the firm for specific services, such as financial planning or portfolio management. Commissions are fees paid to the firm for buying or selling securities on behalf of clients. Overall, WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC offers a transparent and flexible fee structure that suits the unique needs of its clients.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure of Wells Fargo Advisors Financial Network, LLC notes that they have a minimum initial Account value for their Programs, which they have the right to terminate if the Account falls below the minimum Account value guidelines established by them. However, they also have the discretion to waive the minimum Account size. The brochure, however, does not mention what the actual investment minimum is for the firm.
How This Office Can Help Brattleboro, VT Residents
Wells Fargo Advisors provides a variety of financial services to clients in Brattleboro, VT. With a team of experienced advisors, Wells Fargo aims to help clients achieve their financial goals. Clients can receive assistance in areas such as investments, retirement planning, estate planning, and education funding. Living in Brattleboro, VT, clients may face unique financial situations such as the cost of living, taxes, healthcare expenses, and education costs. Wells Fargo Advisors can assist in creating a financial plan tailored to each individual client's needs. Brattleboro has a diverse economy with industries ranging from healthcare, education, and tourism. Therefore, Wells Fargo Advisors can assist clients in navigating the ever-changing job market and aid in creating a long-term financial plan. With a range of services, Wells Fargo Advisors provides personalized solutions for clients in Brattleboro, VT.
Services Offered by Wells Fargo Advisors Financial Network, LLC
Core Advisor Services
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Financial advisory fees usually are based on the services provided. Fee types charged by Wells Fargo Advisors Financial Network, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Subscription (Newsletter or Periodical)
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Displaying 10 office locations:
Wells Fargo Advisors Financial Network, LLC is registered to service clients in the following states:
- District of Columbia
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- Virgin Islands
Wells Fargo Advisors Financial Network, LLC does not have any disclosures. Please visit it's Form ADV for more details.