SEC-registered wealth management firm Broker-dealer affiliated
Wells Fargo Advisors
As of its Form ADV filed October 1, 2026, Wells Fargo Advisors, an SEC-registered, broker-dealer affiliated wealth management firm in St. Louis, Missouri, reported $671.4 billion in regulatory assets under management across 1,324,168 accounts, ranking #2 among all wealth firms in Missouri by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 19616
- SEC file number
- 801-37967
- Registered since
- October 5, 1990
- Latest Form ADV filing
- October 1, 2026
- Legal name
- WELLS FARGO CLEARING SERVICES, LLC
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 5,038
Key figures
- Regulatory assets under management
- $671.4 billion
- Discretionary
- $478.8 billion (71.3%)
- Non-discretionary
- $192.6 billion
- Accounts
- 1,324,168 (987,321 discretionary)
- Clients
- 1,329,470, approximate as reported
- Employees
- 18,895
- Advisory staff
- 7,957 performing investment advisory functions
- Average account
- $507,052
- Asset growth, 1 year
- 10.8% (from $606.0 billion a year earlier)
- Asset growth, 3-year annual rate
- 8.5% (from $524.9 billion three years earlier)
- Asset growth, 5-year annual rate
- 3.4% (from $568.8 billion five years earlier)
- Client growth, 1 year
- -0.3% (from 1,333,595)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $152.8 billion |
| October 3, 2011 | $192.3 billion |
| October 1, 2012 | $220.6 billion |
| October 1, 2013 | $266.0 billion |
| October 1, 2014 | $334.8 billion |
| October 1, 2015 | $375.9 billion |
| October 3, 2016 | $372.1 billion |
| October 2, 2017 | $409.7 billion |
| October 1, 2018 | $473.0 billion |
| October 1, 2019 | $433.2 billion |
| October 1, 2020 | $510.9 billion |
| October 4, 2021 | $568.8 billion |
| October 3, 2022 | $647.8 billion |
| October 5, 2023 | $524.9 billion |
| October 1, 2024 | $558.5 billion |
| September 2, 2025 | $606.0 billion |
| October 2, 2026 | $671.4 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 654,519 clients | $495.1 billion | |
| Individuals (other than high net worth) 644,097 clients | $122.5 billion | |
| Corporations or other businesses 10,435 clients | $29.1 billion | |
| Charitable organizations 5,564 clients | $14.7 billion | |
| Pension and profit sharing plans 9,346 clients | $8.7 billion | |
| State or municipal government entities 64 clients | $823.1 million | |
| Insurance companies 23 clients | $392.8 million | |
| Other 110 clients | $96.3 million | |
| Banking or thrift institutions 10 clients | $13.9 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
- Commissions
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
- Other
Financial planning clients (Item 5.H): 51-100.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Other financial products
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Swap dealer
- Commodity pool operator or commodity trading advisor
- Futures commission merchant
- Banking or thrift institution
- Trust company
- Insurance company or agency
- Pension consultant
- Real estate broker, dealer or agent
- Sponsor or syndicator of limited partnerships
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $665.7 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 14,678
- Also registered through a broker-dealer
- 14,662
- Employees who are IARs (Form ADV 5.B(3))
- 15,038
Designations held by the firm's IARs: CFP 1,220, ChFC 87, CFA 68, PFS 1.
Between 2,818 and 8,755 of the firm's 14,678 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 22 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Missouri
| Firm | City | RAUM |
|---|---|---|
| Edward Jones | St. Louis | $1.0 trillion |
| Wells Fargo Advisors | St. Louis | $252.3 billion |
| Stifel, Nicolaus & Company, Incorporated | St. Louis | $197.5 billion |
| Focus Partners Wealth, LLC | St. Louis | $181.9 billion |
| Moneta Group Investment Advisors, LLC | St. Louis | $50.5 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Wells Fargo Advisors on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.wellsfargo.com
- Wealth management firms in Missouri
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.