Wells Fargo Advisors is a subsidiary of Wells Fargo & Company, one of America’s largest and strongest financial institutions, which has been in business since 1852. Copyright 2010-2021 TopRatedFirms.com. Every bit of negative notoriety WF has recently received in the national press is deserved IMO, and probably much more/worse. A note about Social Media : Opinions, comments and actions taken on Social Media are those of the third party and do not necessarily reflect the views of the creator of this profile or of the firm. Pros and Cons of Wells Fargo Stock More Founded in 1852 and headquartered in San Francisco, Wells Fargo operates 7,600 locations and 13,000 ATMs, along with offices in 32 countries. It's also a good choice for those who want a bank with plenty of brick and mortar locations and ATMs. The Wells Fargo Advisors reviews listed on consumeraffairs.com indicate that the quality of service from personal advisors does little to justify the cost of the top-tier accounts. In addition, there is no specific Wells Fargo Advisors fee schedule, which allows for customers to be flexible in their payments. My father who is 80 years old not only lost his wife of 57 years, he has been very badly treated by Wells Fargo Advisors. Review AdvisoryHQ’s Terms for details. 6/23/2020, Cons: They only care about large accounts. That lady has the wrath of the devil in her. This fim holds my company retirement. The service has been through a long series of mergers with major national brokerage firms. I'm out 100k and they never ever call you back. Wells Fargo has more than 13,000 ATMs in over 40 states, a much larger network than U.S. Bank. security selection, and ongoing portfolio monitoring. Related: LPL Financial Reviews | What You Need to Know about LPL Financial. The Wells Fargo Advisors reviews listed on, Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. 4/26/2018. The following Thurs, still no money. When administering the estate, I confronted the financial advisor as to why the funds were were not placed in a trust 2 years ago when they were given a written instructions to do so. I work for Wells Fargo and have been disciplined by HR due to my interaction with Wells Fargo Advisors. Since then, this patterm prevails: I call Wells Fargo, the person says I will have the funds in my account in a week. Call and hit 0 for "help" and it says "No operator available" then click it disconnects you. Run fast! I got documentation from the sending bank that it had been sent on time. Call and hit 0 for "help" and it says "No operator available" then click, it disconnects you. My brother named me successor trustee in his legal trust. They do not honor their word. It's terrible will be reaching out to the better business Bureau as well. The other brokerage also submitted forms to transfer and it is now November 13 and I still don’t have my money. We reserve the right to delete any brokerage customer reviews that don't meet above I am closing my accounts with WFA and considering transferring all of my accounts out to Well Fargo. Cons: Incompetent, disorganized, non-responsive. We sent in paperwork and they said she didn't make enough to remove the cosigners. I contacted Wells Fargo, they said I needed to fill out another form and return it. Horrible business practices. The Wells Fargo Way2Save account does have a minimum direct deposit requirement of $5, but that can be waived if you fit into one of the criteria below: Under the age of 18 (19 in … Morons, my drivers license has a feature to prevent duplication. WellsTrade is the most accessible of the three levels of service offered by Wells Fargo Advisors. Cons: Giving bad advise, lack of honesty, terrible customer service, deceptive practices. Zero customer service and broken English reps. The pros and cons of each account type are considered in-depth below, with guidance to show what customers and situations will benefit most from each. i transferred my account to another institution. Called on a mon. Wells Fargo’s WellsTrade—Customer Feedback. I opened an account this company on the advise of Wells Fargo Bank. Has been a tremendous help and is an asset to Wells Fargo. Wells Fargo did nothing. All rights are reserved. Days later they WFA insists that they have a diffferent trust and no successor is named and that I need an attorney to resolve this. More branches. I called WF today and Abe put me on hold and didn’t come back. The Solutions account seems to be the better deal of the two, as it allows for some level of guidance without a massive up-front investment. false information, speculations, or to remove spam. Set up a trust 2 years prior to my father’s passing. Current waiting time is 8 days for a process that should've took 3 days. by richard, It sounds like a song and dance wherein the money is gone and they do not want to admit they lost or used his account. Only when WFA changed the account profile sheet did we really see how much we were paying in fees for nothing! This tier of service that Wells Fargo Advisors offers includes personal brokerage services. Speaking with WFA I was told they hadn't received the check. I called back in and was told he had connection issues. High fees: With fees starting at 2% for its investment management programs, Wells Fargo Wealth Management fees are higher than the industry average of 1.17%, according to a 2019 study by RIA in a Box.However, it is worth noting that the firm says its rates are negotiable. You can also access your Wells Fargo Wallet in the Wells Fargo app for easy payments. Wells Fargo Advisors is a subsidiary of Wells Fargo & Company, one of The missing 42% was 11% to them in fees and 31% squandered by their ineptitude. No one at WFA had cared to call me or the sending bank to notify us that there was problem with the check. Brad is knowledgeable and courteous. The third and final tier of service is the full Wells Fargo Advisors account. The financial advisor tried to tell me since my name was already on the account it was the same as trust so they did not Feel it necessary to make the change. Outrageous fee financial advisor they can meet with in person annuities and realized that we were paying wells fargo advisors pros and cons on. Customer reviews that do however, that experienced or very active investors may benefit from elsewhere. $ 6500 into a mutual fund account elsewhere was the right move it is impossible to ignore the of. Did in fact cash it use on mobile and tablet devices, so customers can manage investments... 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