Wells Fargo Investment Institute, Inc. is a large advisory firm based in Charlotte. It manages $5.93 billion of regulatory assets for 985 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Wells Fargo Investment Institute provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wells Fargo Investment Institute, Inc. is $5.93 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 61% since the beginning of its operation, and $258.21 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wells Fargo Investment Institute, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, banking or thrift institutions, and corporations or other businesses. The largest group of clients of Wells Fargo Investment Institute is pooled investment vehicles with 76 clients and $4.01 billion of assets under management. Among the 9 most similar advisory firms, Wells Fargo Investment Institute has the 4th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $5.93 billion for 987 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Wells Fargo Investment Institute also advises several private funds. Namely, two real estate funds, forty three other private funds, and thirty one private equity funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 188 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
The principal office where Wells Fargo Investment Institute, Inc. performs its advisory services is located at 401 South Tryon Street, Charlotte, NC 28202, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 704-715-4564 or by fax 704-383-5187. The normal business hours are 8 am - 5 pm on Monday - Friday.