Wells Fargo Advisors

Retirement Planning Firm in Beverly, MA

Firm Info
Address: 138 Conant St, Beverly, MA 01915, USA
Phone: (978) 524-7690

Firm Size
Assets Under Management: $103 billion
# of Advisors: 894
# of Clients: 222,705
Client to Advisor Ratio: 249:1
Average Account Size: $462,495
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Portfolio Management for Businesses or Institutional Clients
  • Pension Consulting Services
  • Selection of Others Advisors
  • Other

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
  • Other

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)
  • Commissions

Get Connected with a Financial Advisor

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Wells Fargo Advisors Financial Network, LLC Overview

Wells Fargo Advisors Financial Network, LLC is a well-established registered investment advisory firm that has been providing financial services since 2000. Headquartered in St. Louis, MO, the firm has a fee-based fee arrangement, providing investment advice while also selling additional financial products as a broker-dealer. Wells Fargo Advisors Financial Network offers comprehensive financial planning and portfolio management to small business owners and individual investors. Additionally, the firm provides portfolio management services to institutional clients and businesses, including pension consulting services. One of the unique offerings of Wells Fargo Advisors Financial Network is their ability to select other advisors on behalf of clients. This allows clients the opportunity to work with top-performing professionals in the field. Additionally, the firm provides investment consulting services to institutional clients, showing their expertise and experience in serving a wide range of clients. Overall, Wells Fargo Advisors Financial Network is a full-service financial advisory firm that has been providing quality services for over two decades. With a commitment to excellence and a focus on meeting client needs, this firm is a great choice for those looking for a trusted partner in financial matters.

Wells Fargo Advisors Financial Network, LLC offers a range of financial services catering to a diverse client base. These clients include high net worth individuals seeking investment advice and management, individuals looking to grow their wealth, banking institutions, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other types of businesses. The firm's financial advisors work closely with clients to develop customized strategies that align with their unique goals and needs. Depending on the service provided, Wells Fargo Advisors offers different fee structures. Clients who opt for asset management services typically pay a percentage of their assets under management (AUM). This fee is generally assessed on an annual basis and varies depending on the total value of the client's portfolio. For clients who require more transactional services, the firm also offers an hourly fee structure or fixed fees based on the services provided. In some cases, financial advisors earn commissions based on the sale of specific products or services. Overall, Wells Fargo Advisors Financial Network, LLC offers clients flexibility when it comes to fee structures to ensure they receive the best value for their financial needs.

Typical Clients, Fee Structures & Investment Minimum

According to WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC's Part 2 Brochure, they do have minimum investment requirements for their programs; however, they are not explicitly stated. The brochure notes that they have "minimum Account value guidelines" and the firm reserves the right to terminate accounts that fall below those guidelines. Additionally, the firm may choose to waive the minimum account size at their discretion. Therefore, it is unclear what the investment minimum is for WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC.

How This Office Can Help Beverly, MA Residents

Wells Fargo Advisors offers a range of customized investment and financial planning services to clients in Beverly, MA. Whether individuals are planning for retirement, looking to grow their wealth, or seeking to protect their assets, the firm's team of experienced financial advisors can provide expert advice and guidance to help them achieve their goals. Clients in Beverly, MA may be facing a variety of financial challenges specific to their geographic area. For example, the high cost of living in Massachusetts may make it difficult for them to manage their finances effectively. Additionally, the state has a relatively high tax burden, which may require individuals to carefully consider how they allocate their assets. Wells Fargo Advisors can help clients in Beverly, MA navigate these challenges and develop a comprehensive financial plan tailored to their specific needs and goals.

To view the Minimum Investment and Fee Schedule for Wells Fargo Advisors Financial Network, LLC, visit their Part 2 Brochure.

Services Offered by Wells Fargo Advisors Financial Network, LLC

Core Advisor Services
Financial Planning

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.

Other Services
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.


Fee Structures

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.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Commissions
Unavailable
Subscription (Newsletter or Periodical)
Performance-based Fees
Other

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

Firm location 138 Conant St, Beverly, MA 01915, USA
Phone (978) 524-7690
Directions
Google My Business Reviews:
5 Stars

Other Office Locations

Firm Headquarters
Firm headquarters location ONE NORTH JEFFERSON AVENUE, MAIL CODE: H0004-09G, ST. LOUIS, MO 63103, United States

This firm has no other locations.

State Registrations

Wells Fargo Advisors Financial Network, LLC is registered to service clients in the following states:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Virgin Islands

Disciplinary History

Wells Fargo Advisors Financial Network, LLC does not have any disclosures. Please visit it's Form ADV for more details.