Wells Fargo Advisors
Assets Under Management
$606.0B
Number of Clients
1,327,695
Number of Advisors
14260
Average Client AUM
$456K
AUM per Advisor
$42.5M
Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
About This Firm
Wells Fargo Advisors offers retirement plan consulting services, including both non-discretionary and discretionary options. Non-discretionary services involve the FA providing advice without taking action without client direction, while discretionary services allow the FA to manage the plan's investment menu. They act as fiduciaries under ERISA when providing investment advice.
Fee Structure
Fees for retirement plan consulting services are negotiable and can be structured as a flat annual fee, a percentage of assets, or a one-time service fee. The table shows fee ranges based on plan size. For example, for a plan between $0 and $1 million, the fee ranges from 0.1% to 1% or $500 to $10,000. The Plan Level Investment Selection 3(38) service incurs an additional 5 to 10 bps per year. Travel and material costs for employee education are charged separately.
Areas of Practice
Location
One North Jefferson Avenue, Mail Code: H0004-05E, St. Louis, MO, 63103-2205