Wells Capital Management Incorporated is a large advisory firm based in San Francisco. It manages $349.94 billion of regulatory assets for 3,783 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 Capital Management Incorporated provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. 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 Capital Management Incorporated is $349.94 billion. The firm's AUM has grown by 302% since the beginning of its operation, and $38.29 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wells Capital Management Incorporated for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Robert Willis Bissell is investment companies with 197 clients and $204.56 billion of assets under management. Among the 12 most similar advisory firms, Wells Capital Management Incorporated has the 5th highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $349.94 billion for 3,132 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.
Wells Capital Management Incorporated also advises several private funds. Namely, three hedge funds and nineteen other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $100,000,000.
The company employs 811 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.
There are 6 people 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.
Robert Willis Bissell has been acting as President since 1 Apr 1996. Francis Jon Baranko joined the executive team most recently as the Director, Svp, Deputy Chief Investment Officer.
The principal office where Wells Capital Management Incorporated performs its advisory services is located at 525 Market St, San Francisco, CA 94105, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-396-8000 or by fax 415-979-0195. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at wellscap.com.