{"url":"https://nivawealth.com/firms/wells-fargo-clearing-services-19616","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/19616","regulatoryAum":671421842699,"crd":"19616","secFileNumber":"801-37967","legalName":"Wells Fargo Clearing Services, LLC","displayName":"Wells Fargo Clearing Services","website":"https://www.wellsfargoclearingservicesllc.com","linkedinUrl":"https://www.linkedin.com/company/wells-fargo-advisors/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"One North Jefferson Avenue, Mail Code: H0004-05e","city":"ST. Louis","state":"MO","stateName":"Missouri","country":"United States","postalCode":"63103-2205"},"tradeNames":["Wells Fargo Advisors"],"registration":{"secApproved":"5 October 1990","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":18895,"advisory":7957,"brokerDealerReps":18895,"insuranceAgents":13779,"promoters":155},"aum":{"discretionary":478834872430,"discretionaryAccounts":987321,"nonDiscretionary":192586970269,"nonDiscretionaryAccounts":336847,"wrapProgram":671421842699,"nonUsClientsPct":1,"nonAumClients":5302},"clientTypes":[{"label":"Individuals (other than HNW)","clients":644097,"regulatoryAum":122514556616},{"label":"High-net-worth individuals","clients":654519,"regulatoryAum":495074796828},{"label":"Banking or thrift institutions","clients":10,"regulatoryAum":13931688},{"label":"Pension and profit-sharing plans","clients":9346,"regulatoryAum":8702088459},{"label":"Charitable organizations","clients":5564,"regulatoryAum":14669916487},{"label":"State or municipal government entities","clients":64,"regulatoryAum":823111400},{"label":"Insurance companies","clients":23,"regulatoryAum":392769566},{"label":"Corporations and other businesses","clients":10435,"regulatoryAum":29134401850},{"label":"Other","clients":110,"regulatoryAum":96269805}],"fees":[],"feeNotes":[],"custodians":[],"custodyNote":"Wells Fargo Clearing Services has custody of $665.67B for 1,306,709 clients.","otherCustodians":[],"leadership":[{"name":"Barry Sommers","title":"Chief Executive Officer / Board of Managers","crd":"2301454"},{"name":"Sol Gindi","title":"President / Head of Wim Distribution / Board of Managers / Control Principal","crd":"4903526"},{"name":"Rakesh Patel","title":"Chief Financial Officer / Board of Managers","crd":"5385585"},{"name":"Christos G Tsamadias","title":"Chief Compliance Officer","crd":"5433568"},{"name":"Darrell Cronk","title":"Head of Investment Solutions / Wim Chief Investment Officer / Board of Managers / Control Principal","crd":"2498892"},{"name":"Erik Anthony Karanik","title":"Board of Managers","crd":"2260890"},{"name":"Paul Lacey","title":"Principal Operations Officer / Control Principal","crd":"5616656"},{"name":"David Ward Saunders","title":"Designated State Principal","crd":"2448617"},{"name":"Prasanna Someshwar","title":"Head of Banking, Lending & Trust / Control Principal","crd":"7491790"},{"name":"Kimberly Crowder Ta","title":"Wealth Client Management Senior Executive/Control Principal","crd":"4717506"}],"ownership":[{"label":"Wachovia Securities Financial Holdings, LLC","detail":"Sole member in the 75% or more ownership band and a control person, since December 2003."},{"label":"Everen Capital Corporation","detail":"Indirect owner: a share holder of Wachovia Securities Financial Holdings, LLC in the 75% or more band and a control person, since August 2010.","parent":"Wachovia Securities Financial Holdings, LLC"},{"label":"Wells Fargo & Company","detail":"Indirect owner: a share holder of WFC Holdings, LLC in the 75% or more band and a control person, since September 1998.","parent":"WFC Holdings, LLC"},{"label":"WFC Holdings, LLC","detail":"Indirect owner: a share holder of Everen Capital Corporation in the 75% or more band and a control person, since December 2017.","parent":"Everen Capital Corporation"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":5038,"privateResidences":0},"listedOfficeAddresses":26,"officesByState":[{"state":"Alabama","offices":1,"addresses":[{"street":"2501 20th PL S, Ste 325","city":"Birmingham"}]},{"state":"California","offices":6,"addresses":[{"street":"2001 N Main ST Ste 410","city":"Walnut Creek"},{"street":"2141 Rosecrans Ave Ste 4100","city":"El Segundo"},{"street":"50 W Fernando ST. 15th FL, Ste 1500","city":"San Jose"},{"street":"4655 Executive DR Ste 1000","city":"San Diego"},{"street":"5 Park Plaza 19th & 20th FLS","city":"Irvine"},{"street":"15760 Ventura BLVD, Ste 1250","city":"Encino"}]},{"state":"Florida","offices":1,"addresses":[{"street":"101 Federal PL","city":"Tarpon Springs"}]},{"state":"Georgia","offices":1,"addresses":[{"street":"106 W Maple ST","city":"Cumming"}]},{"state":"Minnesota","offices":2,"addresses":[{"street":"90 S 7th ST 10th & 11th FLS","city":"Minneapolis"},{"street":"90 S 7th ST 10th & 11th FLS","city":"Minneapolis"}]},{"state":"Missouri","offices":2,"addresses":[{"street":"One North Jefferson Avenue, Mail Code: H0004-05e","city":"ST. Louis","headquarters":true},{"street":"One N Jefferson Ave","city":"ST. Louis"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"51 John F Kennedy Pkwy 5th FL","city":"Short Hills"}]},{"state":"New York","offices":1,"addresses":[{"street":"280 Park Ave 27th & 29th FLS","city":"New York"}]},{"state":"North Carolina","offices":3,"addresses":[{"street":"3105 Glenwood Ave Ste 201","city":"Raleigh"},{"street":"401 S Tryon ST 2nd, 3rd, & 9th FLS","city":"Charlotte"},{"street":"1525 West WT Harris BLVD","city":"Charlotte"}]},{"state":"Texas","offices":2,"addresses":[{"street":"111 Congress Ave. 3rd FL, Ste 300","city":"Austin"},{"street":"1000 Louisiana ST 7th FL","city":"Houston"}]},{"state":"Utah","offices":2,"addresses":[{"street":"5201 Amelia Earhart DR  2nd & 3rd FLS","city":"Salt Lake City"},{"street":"299 S Main ST 7th FL","city":"Salt Lake City"}]},{"state":"Virginia","offices":1,"addresses":[{"street":"1753 Pinnacle DR 3rd FL","city":"McLean"}]},{"state":"Washington","offices":3,"addresses":[{"street":"555 110th Ave Ne","city":"Bellevue"},{"street":"999 3rd Ave 40th FL","city":"Seattle"},{"street":"700 SW Washington ST 5th FL Ste 501","city":"Vancouver"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"314-875-3000","stateRegisteredReps":15038,"otherAdviserReps":15,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Commissions"],"activities":["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"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":36},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":4},{"label":"Non-investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":53},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"1 October 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/19616/PDF/19616.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Wells Fargo Clearing Services have?","answer":"Wells Fargo Clearing Services has 1,324,168 clients and manages $671.4 billion for them, as of October 2026. They include 654,519 high-net-worth individuals, 644,097 other individuals and 10,435 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Wells Fargo Clearing Services offer?","answer":"Wells Fargo Clearing Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Wells Fargo Clearing Services have?","answer":"Wells Fargo Clearing Services has 15,038 investment adviser representatives registered with state securities authorities, out of 18,895 employees, and 7,957 perform investment advisory functions. 18,895 are registered representatives of a broker-dealer and 13,779 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Wells Fargo Clearing Services invest in?","answer":"At the end of its last fiscal year, Wells Fargo Clearing Services’ separately managed accounts held 53% registered funds (mutual funds, ETFs, BDCs), 36% exchange-traded equities, 4% state and local bonds, 2% U.S. government and agency bonds, 2% high-yield corporate bonds, 2% cash and equivalents and 1% non-exchange-traded equities. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Wells Fargo Clearing Services?","answer":"Wells Fargo Clearing Services is owned through a chain of holding companies by Wells Fargo & Company. Its direct owner is Wachovia Securities Financial Holdings, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Wells Fargo Clearing Services get paid?","answer":"Wells Fargo Clearing Services is paid through a percentage of assets under management, fixed fees and commissions. Its Form ADV lists no performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}