Wells Fargo Investments, LLC (San Francisco)


Wells Fargo Investments, LLC is a large advisory firm based in San Francisco. It manages $13.9 billion of regulatory assets for 50,207 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Wells Fargo Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wells Fargo Investments: assets under management

The assets under management (AUM) of Wells Fargo Investments, LLC is $13.9 billion. The firm's AUM has grown by 15258% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.57 billion in discretionary accounts and $11.33 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $407.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $258.17 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wells Fargo Investments, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Wells Fargo Investments, LLC

Lesa Anne Sroufe has been acting as President since 1 Mar 2000. Cliff Gevan Granger joined the executive team most recently as the Aml Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert James Jr Mortell Chief operating officer 1 Jul 1987 Other 1056535
Michael William Reinhardt Cco and corporate secretary 1 Aug 1993 Other 804936
Victor Lawrence Bensussen Chief financial officer 1 Nov 1996 Other 1523151
Ragen Mackenzie Group Incorporated Direct owner 1 Jun 1998 75% - 100% 91-1898738
James Patrick Kerr President 1 Jan 1999 Other 824040
Victor Lawrence Bensussen Cfo/sr. vp & asst corp secretary 1 Mar 1999 Other 1523151
Lesa Anne Sroufe Director 1 Mar 2000 Other 1039743
Dennis Jack Mooradian Chief executive officer 1 Aug 2000 Other 338698
Leah Marie Kaufman Srop/crop, vp 1 Aug 2000 Other 2221956
Inc. Wells Fargo Investment Group Direct owner 1 Oct 2000 75% - 100% 41-1975159
Victor Lawrence Bensussen Director/treasurer & cfo 1 Jul 2001 Other 1523151
Dennis Jack Mooradian Director/chairman of the board 1 Jul 2001 Other 338698
Shelley Steuer Freeman Director/executive vice president 1 Jul 2001 Other 1262649
Gregory Phillip Bronstein Director/senior vice president 1 Jul 2001 Other 2276699
Charles Willard Iii Daggs Director/executive vice president 1 Jul 2001 Other 59782
Patricia Ann Ross Senior vice president/chief compliance officer 1 Jul 2001 Other 717926
William P Hayes Chief compliance officer 1 Apr 2002 Other 2395457
William Patrick Hayes Chief compliance officer 1 Apr 2002 Other 2395457
Dennis Jack Mooradian Chairman & co-chief executive officer 1 Apr 2003 Other 338698
Gregory Phillip Bronstein Co-president & co-chief executive officer 1 Apr 2003 Other 2276699
Charles Willard Iii Daggs Co-president & co-chief executive officer 1 Apr 2003 Other 59782
Gregory Phillip Bronstein Director 1 Feb 2004 Other 2276699
Charles Willard Iii Daggs Chief executive officer, president & director 1 Feb 2004 Other 59782
William Patrick Hayes Chief compliance officer & director 1 Feb 2004 Other 2395457
Jay Scott Welker Chairman & director 1 Feb 2004 Other 2869678
Kenneth Steven Cameranesi Director 1 Feb 2004 Other 1292159
Barbara Jean Lannin Director 1 Feb 2004 Other 3007837
Lynn Ann Gerber Aml compliance officer 1 Apr 2005 Other 4897337
Salvador Bores Gomez Aml compliance officer 1 Sep 2006 Other 4918035
Rachel Kenyon Perkel Director 1 Dec 2006 Other 2445943
Lisa Anne Amador Chief compliance officer 1 Apr 2007 Other 1336656
Kyle C Rulau Aml compliance officer 1 Jun 2007 Other 5357313
Lincoln Blaine Yersin Director 1 Feb 2008 Other 1715424
Cliff Gevan Granger Aml compliance officer 1 Nov 2008 Other 4787929

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Wells Fargo & Company Direct owner 1 Mar 2000 75% - 100% 41-0449260
Inc Ragen Mackenzie Group Shareholder 1 Sep 2000 75% - 100% 41-0449260
Wells Fargo & Company Shareholder 1 Sep 2000 75% - 100% 41-0449260
Wells Fargo & Company Shareholder 1 Dec 2002 75% - 100% 41-0449260

Based in San Francisco

The principal office where Wells Fargo Investments, LLC performs its advisory services is located at 420 Montgomery Street, San Francisco, CA 94104 The mailing address of the firm is 550 California Street, 6 Th Floor, San Francisco, CA 94104. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (415) 947-1827 or by fax (415) 975-7951. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at www.wellsfargo.com.