Investing – Customer Service – Wells Fargo Advisors (2024)

FAQs

Is it safe to invest with Wells Fargo Advisors? ›

Wells Fargo Advisors insurance and investment products aren't backed by the FDIC or other government agencies. That said, you're always taking some amount of risk when you invest your money. Ultimately, Wells Fargo Advisors is a good option for investment services and other financial products.

Brokerage services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Wells Fargo Advisors offers standard WellsTrade investment accounts and accounts for Traditional IRAs, Roth IRAs, SEP IRAs, and Coverdell Education Savings Accounts (ESAs).

At Wells Fargo Advisors, cash deposits are covered by FDIC insurance for a total of at least , if you are enrolled in our Bank Deposit Sweep Program. * Through this program, uninvested cash balances (principal and interest) are automatically deposited, or “swept,” into three affiliate banks.

The average price target represents 7.80% Increase from the current price of $59.21. Wells Fargo's analyst rating consensus is a Moderate Buy. This is based on the ratings of 22 Wall Streets Analysts.

You'll often find higher fees with Wells Fargo than with some competing banks, although in some instances, the bank will waive those fees. Also, the interest rates on its deposit accounts generally aren't as competitive as you'll find with online banks and credit unions.

Only you can add or withdraw funds from your account, or request Wells Fargo Advisors to do so on your behalf.

Wells Fargo Advisors ranked seventh in overall full-service investor satisfaction, with a score of 852 out of 1,000.

Our financial advisors' compensation may be based on a combination of commissions and fees (cost) generated from a variety of products. These include stocks, bonds, derivatives, investment-company products, and insurance products (if they hold the appropriate state insurance licenses).

What is the difference between Wells Fargo and Wells Fargo Advisors? ›

Wells Fargo Bank, N.A. provides investment management services as part of its trust and fiduciary services, deposit products, lending products and other bank products. Wells Fargo Advisors provides investment advisory and brokerage services.

Wells Fargo

Wachovia

Wachovia Securities Financial H...

Yes, Wells Fargo is FDIC insured. 11 However, FDIC insurance only covers specific accounts, like checking and savings accounts, up to $250,000. FDIC insurance does not cover any accounts invested in stocks, bonds, or ETFs; those accounts will fall under the SIPC.

Investment products and services are offered through Wells Fargo Advisors.

Wells Fargo is the classic example of the “In-Between-a-Bank”: Technically, it's not a bulge bracket, but it's also not a boutique or middle market firm. It's strong in debt and ranks among the top banks there, but doesn't do as much M&A advisory business.

The Bottom Line. There is always going to be inherent risk in trusting your money with another person. Financial advisors are meant to take care of your money but it doesn't mean each and everyone will always have your best interest at heart.

(WFII). WFII is a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank N.A., a bank affiliate of Wells Fargo & Company. Wells Fargo Private Bank (The Private Bank) offers products and services through Wells Fargo Bank, N.A., Member FDIC, and its various affiliates and subsidiaries.

Wells Fargo Bank, N.A. provides investment management services as part of its trust and fiduciary services, deposit products, lending products and other bank products. Wells Fargo Advisors provides investment advisory and brokerage services.