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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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.