Firm Info
Firm Size
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
Wells Fargo Advisors Financial Network, LLC Overview
Wells Fargo Advisors Financial Network, LLC is a fee-based investment advisory firm based in St. Louis, MO. The firm has been in business since 2000 and operates as a broker-dealer, selling additional financial products while also providing investment advice. In addition to financial planning, Wells Fargo Advisors Financial Network, LLC offers portfolio management services for individuals and small businesses, as well as larger businesses and institutional clients. They also provide pension consulting services and assist with selecting other advisors. Along with these services, the firm offers investment consulting services to institutional clients. With its diverse range of services, Wells Fargo Advisors Financial Network, LLC is well-equipped to help clients achieve their financial goals.
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC caters to a diverse range of clients, including individuals and high net worth individuals seeking comprehensive financial planning services, banking institutions looking for investment management strategies, pension or profit sharing plans, and charitable organizations. In addition, they also serve state or municipal government entities, insurance companies, and various other types of corporations. Their extensive list of clients is a testament to the professionalism and expertise of the firm's advisors, who are well-equipped to handle a wide range of financial planning needs. WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC offers a variety of fee structures to its clients, depending on the services provided. Clients can opt for a percentage of AUM (Assets Under Management) fee structure, which is calculated as a percentage of the total assets managed by the firm. Alternatively, clients can choose an hourly fee structure, which is based on the amount of time spent by the advisor on specific tasks or projects. Additionally, fixed fees and commissions are also available. The firm's flexibility in its fee structures allows clients to choose the most suitable option for their specific financial planning needs.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Wells Fargo Advisors Financial Network, LLC states that they have minimum Account value guidelines for their programs, but they also reserve the right to waive the minimum Account size at their discretion. However, the brochure does not mention a specific investment minimum for their services.
How This Office Can Help Juneau City and Borough, AK Residents
Wells Fargo Advisors provides assistance to clients in Juneau City and Borough, AK by offering a range of financial services tailored to their unique needs. These may include retirement planning, investment management, estate planning, and more. With the company's deep understanding of the financial climate in Juneau City and Borough, AK, its advisors can help clients navigate specific challenges they may face. Residents of Juneau City and Borough, AK may face a range of financial situations, including those related to the local economy, employment opportunities, and lifestyle costs. For example, with its high cost of living, residents may need help budgeting and making smart investment choices. Additionally, those who are planning for retirement may require guidance on how to maximize their savings and ensure long-term financial security. Regardless of their specific needs, Wells Fargo Advisors is committed to helping clients in Juneau City and Borough, AK reach their financial goals and achieve peace of mind.
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)
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.
Hourly
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.
Commissions
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.
Unavailable
Subscription (Newsletter or Periodical)
Performance-based Fees
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.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
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).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
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
Firm Headquarters
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.