Wachovia Securities
Encyclopedia
Wells Fargo Advisors, is a subsidiary of Wells Fargo
, located in St. Louis, Missouri
. It is the second largest brokerage firm in the United States
as of October 1, 2007 with $1.17 trillion retail client assets under management
.
The subsidiary was formerly known as Wachovia Securities
until May 1, 2009, when it legally changed names following the Wells Fargo's acquisition of Wachovia Corporation.
, A. G. Edwards, and Bache & Co.
.
The current CEO is Danny Ludeman.
Wells Fargo
Wells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home...
, located in St. Louis, Missouri
St. Louis, Missouri
St. Louis is an independent city on the eastern border of Missouri, United States. With a population of 319,294, it was the 58th-largest U.S. city at the 2010 U.S. Census. The Greater St...
. It is the second largest brokerage firm in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
as of October 1, 2007 with $1.17 trillion retail client assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
.
The subsidiary was formerly known as Wachovia Securities
Wachovia Securities
Wells Fargo Advisors, is a subsidiary of Wells Fargo, located in St. Louis, Missouri. It is the second largest brokerage firm in the United States as of October 1, 2007 with $1.17 trillion retail client assets under management....
until May 1, 2009, when it legally changed names following the Wells Fargo's acquisition of Wachovia Corporation.
History
Wells Fargo Advisors traces its history to 1879, where it grew through mergers with many of the industry's regional and national firms. These include Wachovia SecuritiesWachovia Securities
Wells Fargo Advisors, is a subsidiary of Wells Fargo, located in St. Louis, Missouri. It is the second largest brokerage firm in the United States as of October 1, 2007 with $1.17 trillion retail client assets under management....
, A. G. Edwards, and Bache & Co.
Bache & Co.
Bache & Company was a securities deim that provided stock brokerage and investment banking services. The firm, which was founded in 1879, was based in New York, New York....
.
The current CEO is Danny Ludeman.