Wells Fargo Investment Institute, Inc. (Charlotte)

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.

Wells Fargo Investment Institute: assets under management

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 firm manages $5.93 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.02 million each.

Wells Fargo Investment Institute has custody of $2.59 billion in cash and securities for 76 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in derivatives the most. They account for 100% of the total AUM.

Fees & Commissions

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.

What kind of clients Wells Fargo Investment Institute serves?

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.

Careers at Wells Fargo Investment Institute, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Britta Perkio Patterson	Senior vice president and secretary	1 Jul 2009	Other	5685868
Britta Rae Perkio	Senior vice president and secretary	1 Jul 2009	Other	5685868
Wells Fargo & Company	Shareholder	1 Nov 2009	75% - 100%	41-0449260
James Frank Angelos	Senior vice president and chief compliance officer	1 Nov 2014	Other	2477481
David Matthew Carroll	Director (board member)	1 Nov 2014	Other	6034191
James Paul Steiner	Director (board member)	1 Nov 2014	Other	2250568
Gregory Scott Sigmund	Chief operating officer	1 Nov 2014	Other	1229174
Adam Ira Taback	Managing director	1 Nov 2014	Other	2378786
Robert William Franklin	Senior vice president and director of communications	1 Nov 2014	Other	2004477
Dean Junkans	President and chief investment officer, director (board member)	1 Nov 2014	Other	5694319
Gregory Thomas Maddox	Managing director	1 Nov 2014	Other	2148995
Darrell Lynn Cronk	President and chief investment officer, director (board member)	1 Dec 2014	Other	2498892
Molly Elizabeth Festa	Chief financial officer, treasurer	1 Mar 2015	Other	5143419
Brigid Breen	Senior vice president and chief compliance officer	1 Oct 2016	Other	4158011
Brigid (Nmn) Breen	Senior vice president and chief compliance officer	1 Oct 2016	Other	4158011
Jack Todd Mcminn	Chief financial officer	1 Jan 2017	Other	6760460
N.A. Wells Fargo Bank	Shareholder	1 Jul 2017	75% - 100%	94-1347393
Jonathan Geoffrey Weiss	Director (board member)	1 Jul 2017	Other	2362764
George Emerson Schaeffer	Chief financial officer	1 Aug 2017	Other	6856977
Daniel James Mavico	Senior vice president and chief compliance officer	1 Nov 2017	Other	6049245

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Wells Fargo & Company	Shareholder	1 Jul 2017	75% - 100%	41-0449260

Based in Charlotte

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.