Paul Sanchez
Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Wells Fargo Advisors has more than 12,000 advisors across the nation and provides in-person help, over-the-phone advice, and online tools to help clients manage their accounts. However, it is important to note that Wells Fargo Advisors is not FDIC-insured or insured by any other federal government agency. So, are Wells Fargo's independent financial advisors insured?
| Characteristics | Values |
|---|---|
| Number of Advisors | 12,000+ |
| Type of Services | Investment advisory, Brokerage services |
| Service Channels | In-person, Over-the-phone, Online |
| Account Types | WellsTrade Brokerage, Intuitive Investor, Dedicated Financial Advisor |
| Insurance | Not insured by FDIC or any government agency |
| Fee Structure | Based on chosen services and products |
| Investment Plan | Customized |
Explore related products
What You'll Learn
- Wells Fargo Advisors is a non-bank affiliate of Wells Fargo Bank
- Wells Fargo Advisors insurance and investment products aren't government-insured
- Wells Fargo Advisors offers insurance products through non-bank insurance affiliates
- Wells Fargo Advisors insurance products help protect financial goals
- Wells Fargo Advisors insurance products include life, disability, and long-term care insurance
Wells Fargo Advisors is a non-bank affiliate of Wells Fargo Bank
Wells Fargo Advisors is a non-bank affiliate of Wells Fargo & Company, offering investment products and services. It is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC. These are separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
Wells Fargo Advisors is not FDIC-insured or insured by any federal government agency. The company's investment and insurance products are not insured by the FDIC or any government agency. However, Wells Fargo Bank, N.A., is a bank affiliate of Wells Fargo & Company, offering various banking, advisory, fiduciary, and custody products and services, including discretionary portfolio management.
Wells Fargo Advisors has a large network of over 12,000 advisors across the United States. They provide in-person assistance, phone advice, and online tools to help clients manage their accounts. The company offers three main services: WellsTrade Brokerage Account, Intuitive Investor Account, and Dedicated Financial Advisor. The WellsTrade Brokerage Account is a low-cost service that allows clients to trade stocks, ETFs, and no-load mutual funds independently using their mobile devices. It also provides a DIY toolkit and 24/7 phone assistance. The Intuitive Investor Account is a robo-advisory account, allowing hands-off investing. Finally, the Dedicated Financial Advisor service provides tailored investment guidance and a customized investment plan, catering to various financial needs, including retirement planning and estate planning strategies.
Wells Fargo Advisors is a subsidiary of Wells Fargo, located in St. Louis, Missouri. It traces its history to 1879 and has grown through mergers with several regional and national firms. Wells Fargo Advisors is the third-largest brokerage firm in the United States, with $1.9 trillion in retail client assets under management as of June 30, 2021.
Overweight and Uninsurable: What You Can Do
You may want to see also
Explore related products
![The E-Myth Financial Advisor [Hardcover]](https://m.media-amazon.com/images/I/515Xmu7fvXL._AC_UL320_.jpg)
Wells Fargo Advisors insurance and investment products aren't government-insured
Wells Fargo Advisors is not FDIC-insured or insured by any federal government agency. The company's investment and insurance products are not backed by the FDIC or any government agency. This includes the three main services offered by Wells Fargo Advisors: WellsTrade Brokerage Account, Intuitive Investor Account, and Dedicated Financial Advisor.
The WellsTrade Brokerage Account is a low-cost service that allows clients to invest online independently and trade stocks, ETFs, and no-load mutual funds from their mobile devices. The Intuitive Investor Account is a robo-advisory account that allows clients to invest without the hassle of picking stocks, trading, or tracking the market. The Dedicated Financial Advisor service offers customized guidance, with a dedicated advisor creating a personal portfolio for the client.
While Wells Fargo Advisors is not government-insured, it is an affiliate of the well-established Wells Fargo Bank, which may make it easier for people to trust the company. Clients who already bank with Wells Fargo can also save on Wells Fargo Advisors services.
Wells Fargo Advisors provides in-person help, over-the-phone advice, and online tools to help clients manage their accounts. The company also offers a wealth management suite that addresses clients' evolving needs and provides support infrastructure to help independent practices achieve their goals.
Life and Health Insurance: Who Issues Licenses?
You may want to see also
Explore related products
Wells Fargo Advisors offers insurance products through non-bank insurance affiliates
Wells Fargo Advisors is not insured by the FDIC or any federal government agency. It is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC. These are separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
Wells Fargo Advisors Financial Network (FiNet) has been enabling business owners to deliver more at scale for their clients for over 20 years. FiNet removes barriers to growth while providing the resources and support needed to realise one's vision. It helps independent advisors by providing the benefits of running their own business while serving their clients' needs with access to support from a full-service firm.
Wells Fargo Advisors offers insurance products such as life, disability, and long-term care insurance. These insurance products are not insured by the FDIC or any government agency.
Wells Fargo Investment Institute, Inc. (WFII) is a wholly-owned subsidiary of Wells Fargo Bank, N.A., which is a bank affiliate of Wells Fargo & Company. WFII is a registered investment advisor. WIM, a division within Wells Fargo & Company, offers financial products and services through affiliates of Wells Fargo & Company.
How Life Insurance Loans Affect Your Interest Charges
You may want to see also
Explore related products
$32.89 $36.95
$19.19
Wells Fargo Advisors insurance products help protect financial goals
While Wells Fargo Advisors insurance and investment products are not insured by the FDIC or any government agency, they can still help protect your financial goals.
Life, disability, and long-term care insurance can help protect your financial life from unpredictable events and keep you on track toward your financial goals. For example, the costs of nursing home care are not covered by Medicare, and long-term care coverage may be the best way to protect against potentially devastating costs later in life.
Additionally, insurance can help cover both expected and unexpected events, such as an untimely accident or illness, or the loss of an income stream. By planning appropriately, insurance may help you stay on course financially.
Wells Fargo Advisors offers a range of services, including WellsTrade Brokerage Account, Intuitive Investor Account, and Dedicated Financial Advisor. The Dedicated Financial Advisor service provides customized guidance, with a personal advisor creating a portfolio to help with investing questions and other financial matters.
With a dedicated advisor, you can receive tailored investment guidance that reflects your evolving goals. Your advisor will create a customized investment plan and review it with you, discussing any necessary changes along the way.
Life Insurance: Protecting Your Future After Your Parents
You may want to see also
Explore related products
Wells Fargo Advisors insurance products include life, disability, and long-term care insurance
Wells Fargo Advisors is a non-bank affiliate of Wells Fargo Bank that offers a variety of services in investing, IRAs, borrowing, insurance, and advisory. Notably, Wells Fargo Advisors insurance products are not insured by the FDIC or any government agency. This means that their insurance products are not backed by the federal government in the event of claims or disputes.
Wells Fargo Advisors provides insurance products through non-bank insurance agency affiliates of Wells Fargo & Company, which are underwritten by unaffiliated insurance companies. These insurance products include life insurance, disability insurance, and long-term care insurance.
Life insurance from Wells Fargo Advisors helps protect your family against life's uncertainties by providing financial security in the event of a tragedy. It can be used to cover immediate expenses such as housing, mortgage, funeral costs, and outstanding liabilities. Life insurance can also provide a source of supplemental retirement income and facilitate business or legacy planning.
Disability insurance is another offering from Wells Fargo Advisors that replaces lost income during periods of illness or injury. This type of insurance can be short-term or long-term, providing monthly income for the duration of the disability. It can supplement any existing coverage provided by an employer's program, ensuring that income needs are met.
Long-term care insurance is also available through Wells Fargo Advisors. This type of insurance helps manage the costs associated with long-term care events, which can be substantial depending on the care required and its duration.
It is important to consult with a financial advisor or insurance professional to determine the appropriate level of coverage for your unique circumstances when considering Wells Fargo Advisors insurance products.
Term vs Universal Life Insurance: Key Differences Explained
You may want to see also
Frequently asked questions
No, Wells Fargo Advisors are not insured by the FDIC or any other federal government agency.
Wells Fargo Advisors offer three main services: WellsTrade Brokerage Account, Intuitive Investor Account, and Dedicated Financial Advisor.
A Dedicated Financial Advisor is a full-service account that offers customized guidance. Clients get a dedicated advisor to create a personal portfolio and provide investing or financial advice.
Wells Fargo offers life, disability, and long-term care insurance to help protect your financial life from unpredictable events.
