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 registered investment advisory firm headquartered in St. Louis, MO. The firm has been in business since 2000 and specializes in providing investment advice, financial planning, portfolio management, pension consulting services, and selection of other advisors. As a broker-dealer, Wells Fargo Advisors Financial Network also serves as a seller of additional financial products to its clients. The firm offers portfolio management services for both individuals and small businesses, as well as businesses or institutional clients. In addition, Wells Fargo Advisors Financial Network provides investment consulting services to institutional clients, further expanding its range of capabilities. With a focus on fee-based arrangements, the firm is committed to creating customized financial plans and portfolio management solutions that meet the unique needs of its clients. Overall, Wells Fargo Advisors Financial Network is a well-established investment advisory firm with expertise in a wide range of services for individuals, businesses, and institutional clients alike. Whether looking for financial planning, portfolio management, or pension consulting services, clients can trust in the expertise and professionalism of this experienced firm.
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC serves a broad range of clients that include individuals, high net worth individuals, banking institutions, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other types of corporations that are not listed. The firm's client base is diverse, and it caters to clients across various industries and sectors. WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC offers a wide range of fee structures, depending on the service provided. The fee structures are flexible and designed to meet the unique needs of each client. The fee structures available include a percentage of Assets Under Management (AUM), hourly fees, fixed fees, and commissions. The percentage of AUM is the most commonly used fee structure, and it is based on the total value of the assets that the firm manages for the client. Hourly fees are charged for specific services, such as financial planning or investment advice. Fixed fees are charged for a specific project or service, such as setting up a trust or estate planning. Commissions are paid based on the products or services that the firm provides, such as selling an insurance policy or mutual fund. Overall, the fee structures available are transparent, and clients are made aware of the fee structure that applies to their specific service.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC does mention an investment minimum. However, the investment minimum is not specified and instead, it is noted that the minimum initial Account values for the Programs described in the document are listed below. WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC has the right to terminate Client Accounts with written notice if they fall below minimum Account value guidelines established by them. In some cases, WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC can choose to waive the minimum Account size at their discretion.
How This Office Can Help Pitkin County, CO Residents
Wells Fargo Advisors is dedicated to helping clients in Pitkin County, CO achieve their financial goals. Clients in Pitkin County might be facing unique financial situations, such as high living and housing costs, and seeking guidance on how to build wealth and plan for their future. Wells Fargo Advisors provides personalized financial planning and investment solutions that are tailored to each client's specific needs and goals. The experienced financial advisors at Wells Fargo Advisors work closely with clients in Pitkin County to develop comprehensive financial plans that address all aspects of their financial lives, including retirement planning, taxable investments, estate planning, and insurance needs. They also provide guidance on managing risk and preserving wealth in uncertain economic times. With a commitment to providing objective advice and unbiased guidance, Wells Fargo Advisors is a trusted partner for individuals and families in Pitkin County seeking to achieve financial security and long-term success.
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.