Wells Fargo Investment Institute, Inc

CRD#133204
Investment Advisor Firm

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Learn more about Wells Fargo Investment Institute, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Wells Fargo Investment Institute, Inc is located at 550 South Tryon Street, Charlotte, NC. The firm employs 169 financial advisors to manage client portfolios and provide financial guidance. Wells Fargo Investment Institute, Inc is not a registered broker-dealer.

    Wells Fargo Investment Institute, Inc oversees $44.0 billion in assets under management across 20,338 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, and publication of newsletters. The firm caters to a diverse range of investors, including retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, other investment advisers, and corporations. High net worth investors represent the largest client type by accounts, with 18,095 high net worth clients. The fee structure at Wells Fargo Investment Institute, Inc includes asset-based and fixed fees. The firm maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, and commodity pool advisor.

    Wells Fargo Investment Institute, Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $44.0 billion

    Number of Advisors

    169

    Disclosures

    No

    Office Location

    550 South Tryon Street
    Charlotte, NC 28202

    Wells Fargo Investment Institute, Inc by the Numbers

    Total Assets Under Management

    $44.0 billion

    National Average: $8.6 billion
    Total Number of Employees

    251

    National Average: 64
    Total Number of Accounts

    20,338

    National Average: 375,227
    Average Account Size

    $2.2 million

    National Average: $23.0 thousand
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    Products and Services

    Wells Fargo Investment Institute, Inc offers a variety of financial services, which can consist of portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, and publication of newsletters. However, Wells Fargo Investment Institute, Inc did not provide financial planning services to any of its customers in the last financial year. It is not involved in selling products or offering services apart from investment advisory services to its investment advisory accounts.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees typically depend on the services provided. Fees charged by Wells Fargo Investment Institute, Inc likely include some combination of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Wells Fargo Investment Institute, Inc.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company works with a number of different clients. The company provides services to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, other investment advisers, corporations, and other. Out of its 9 clients, Wells Fargo Investment Institute, Inc's largest client type by number of accounts is high net worth investors, but it also serves 18095 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 88.98%
    • Other Individuals - 0.92%
    • Corporations - 9.03%
    • Charitable Organizations - 1.07%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Wells Fargo Investment Institute, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Wells Fargo Investment Institute, Inc

    David Lipsey
    Los Angeles, CA
    Jordan Topal
    Raleigh, NC
    Wyatt Priddle
    Charlotte, NC
    Matthew Hope
    Dallas, TX
    Alexander Baran
    Salt Lake City, UT
    Richard Burke
    Charlotte, NC
    Bryan Cline
    Bend, OR
    Lincoln Maurer
    Charlotte, NC
    Philip Schade
    San Francisco, CA

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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