# Wells Fargo Advisors

> Wells Fargo Advisors is an SEC-registered investment advisory firm in St. Louis, MO, registered since 1990, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.

- CRD: 19616
- Filed as: WELLS FARGO ADVISORS
- Legal name: Wells Fargo Clearing Services, LLC
- Also doing business as: WELLS FARGO ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Louis, MO
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/19616
- AdvisorCensus page: https://advisorcensus.com/firm/wells-fargo-advisors-st-louis-mo-19616

## Quick answers

**How is Wells Fargo Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Wells Fargo Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Wells Fargo Advisors located?**
Wells Fargo Advisors' principal office is in St. Louis, MO, according to its Form ADV; the October 2026 filing also lists 22 other offices (Schedule D, Section 1.F).

**Is Wells Fargo Advisors registered with the SEC or a state?**
Wells Fargo Advisors is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 19616.

**How much does Wells Fargo Advisors manage?**
Wells Fargo Advisors reports $671,421,842,699 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (71% discretionary).

**How have Wells Fargo Advisors' assets and staff changed since 2021?**
In the Form ADV data for Wells Fargo Advisors: Regulatory assets under management: $568,759,557,665 in the October 2021 data and $671,421,842,699 in the October 2026 data, up 18%. Total employees: 23,776 in October 2021 and 18,895 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Wells Fargo Advisors serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (654,519); individuals (other than high net worth individuals) (644,097); corporations or other businesses not listed above (10,435).

**Does Wells Fargo Advisors report any disciplinary disclosures?**
Reports 22 disclosure items on Form ADV Item 11: yes answers to 4 questions about criminal matters, 14 questions about regulatory matters, and 4 questions about civil court matters (11.A(1), 11.A(2), 11.B(1), 11.B(2), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(3), 11.D(4), 11.D(5), 11.E(1), 11.E(2), 11.E(4), 11.F, 11.G, 11.H(1)(a), 11.H(1)(b), 11.H(1)(c), 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/19616

**What changed in Wells Fargo Advisors' recent Form ADV filings?**
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Commissions

### Regulatory assets under management (Item 5.F)
- Total: $671,421,842,699
- Discretionary: $478,834,872,430
- Non-discretionary: $192,586,970,269

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 644,097 | $122,514,556,616 |
| High net worth individuals | 654,519 | $495,074,796,828 |
| Banking or thrift institutions | 10 | $13,931,688 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 9,346 | $8,702,088,459 |
| Charitable organizations | 5,564 | $14,669,916,487 |
| State or municipal government entities (including government pension plans) | 64 | $823,111,400 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 23 | $392,769,566 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 10,435 | $29,134,401,850 |
| Other | 110 | $96,269,805 |

### Advisory services (Item 5.G)
- 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 advisers (including private fund managers)
- Other

### Firm details
- Registered since: 1990 (35 years)
- Employees: 18,895 total, 7,957 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 22 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(1): In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a felony?
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.B(1): In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a misdemeanor involving investments or an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these?
- 11.B(2): In the past ten years, has the firm or an advisory affiliate been charged with one of the misdemeanors listed in 11.B(1)?
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(3): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.E(1): Has a self-regulatory organization (such as FINRA) or a commodities exchange ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.E(4): Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?
- 11.F: Has an authorization to act as an attorney, accountant, or federal contractor granted to the firm or an advisory affiliate ever been revoked or suspended?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?
- 11.H(1)(a): In the past ten years, has a domestic or foreign court issued an injunction against the firm or an advisory affiliate in connection with investment-related activity?
- 11.H(1)(b): Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?
- 11.H(1)(c): Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/19616

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Austin, TX
- Bellevue, WA
- Birmingham, AL
- Charlotte, NC
- Cumming, GA
- El Segundo, CA
- Encino, CA
- Houston, TX
- Irvine, CA
- McLean, VA
- Minneapolis, MN
- New York, NY
- Raleigh, NC
- Salt Lake City, UT
- San Diego, CA
- San Jose, CA
- Seattle, WA
- Short Hills, NJ
- St. Louis, MO
- Tarpon Springs, FL
- Vancouver, WA
- Walnut Creek, CA

### Websites listed on Form ADV (Item 1.I)
- fcc.fccaccessonline.com
- stories.wf.com
- wellsfargo.com
- wellsfargoadvisors.com
- wellsfargoadvisors.com/ONLINE-ACCESS/SIGNON.HTM
- wellsfargoadvisors.com/WFA/MOBILE.HTM
- wellsfargoclearingservicesllc.com
- Facebook @WELLSFARGOADVISORS
- LinkedIn @WELLS-FARGO-ADVISORS
- X @WFINVESTING
- YouTube @WELLSFARGO

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $568,759,557,665 | 23,776 | September 27, 2021 |
| October 2022 | $647,795,506,834 | 21,510 | September 15, 2022 |
| October 2023 | $524,940,620,141 | 20,587 | October 4, 2023 |
| October 2024 | $558,464,518,060 | 19,871 | September 27, 2024 |
| October 2025 | $606,037,831,365 | 19,017 | July 30, 2025 |
| October 2026 | $671,421,842,699 | 18,895 | October 1, 2026 |

Regulatory assets under management: $568,759,557,665 in the October 2021 data and $671,421,842,699 in the October 2026 data, up 18%.
Total employees: 23,776 in October 2021 and 18,895 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 8410 to 7957.
- Regulatory assets under management went from $606,037,831,365 to $671,421,842,699 (+11%).
- Changed its office addresses in Minneapolis, MN.
- Added an office in Austin, TX.
- Added an office in Bellevue, WA.
- Added an office in Birmingham, AL.
- Added an office in Cumming, GA.
- Added an office in Raleigh, NC.
- Added an office in Short Hills, NJ.
- No longer lists an office in Denver, CO.
- No longer lists an office in Duluth, GA.
- No longer lists an office in Greenwood Village, CO.
- No longer lists an office in Richmond, VA.
- No longer lists an office in Saint Paul, MN.
- No longer lists an office in Summit, NJ.
- No longer lists an office in Winter Park, FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wells Fargo Advisors (CRD 19616): Form ADV filing data as of October 2026.