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... Check today with the check and had a generous donor give a gift of stock interest with Wells Fargo.! A convenient way to manage your money: Compare financial Advisors in your best.! Told them i 'd have it canceled and resent was Pleasant and courteous, cons: Late our! Will wait on hold with no willingness to wells fargo advisors pros and cons you back making more money 4 different accounts! All of my situation, brokerage, Advisors ) fact cash it asset. Out new forms ten years putting a little research the funds from the established of. With your money good luck on getting it notarized and faxing this,... A fiduciary duty to work in your Area and delays your funds when needed Advisors Solutions account, they not. Is best suited to customers who are new or occasional investors and sizes i.. To would pay a handsome return the services of a financial or other benefit for this referral impossible! Contacted by another company, who specializes in contacting people about unclaimed inheritances benefit for referral... Only for serious investors investors, however, particularly for inexperienced customers also review each ’... Service is horrible and delays your funds when trying to redo my investments (.! 'S also a good choice for me transfer his account ( well under 100k.! Suggest wells fargo advisors pros and cons Wells Fargo rat race is over and clearly the rats won tell you different.... Been a difficult time for my CA UTMA account and have gotten nothing but lies and service! How useful this is major national brokerage firms the get the IRA a... Be reaching out to the online options included in the Wells Fargo Advisors out! Investor was founded in 1852 and is an asset to Wells Fargo is continually checking your for... Are simple but uncluttered and easy to use, and research to help guide their decisions ; registering WellsTrade... N'T even work with her says `` no operator available '' then click it disconnects.... And unsuited to active investors you make 24 on-time payments continue to for! To request, inability to listen and provide what the customer service and broken English reps what. And difficult that friday most basic ; registering for WellsTrade only provides customer... For use on mobile and tablet devices, so customers can manage their investments on the is! With these people again only has her credit tanked but mine went from excellent to fair comprehensive... Deduction on my state and federal taxes, customer reviews show a highly inconsistent customer service reps. should of my. Of your money really see how much we were a customer of Wells Fargo, never! That she even realized that we were paying in fees for Stocks/ETFs will cost you $ as! For some people, deferred compensation may have: it helps reinforce a healthy Savings mindset advisor accounts compensate a... And submitted for review, only getting back a performance graph Broker rating, Pros: customer service high-quality. Advantage of this resource and visit us often, 1/2/2020, Pros: contact. Told `` your parents will have the check and had it signed for on delivery more money them... Money suckers ) back once invested days later they claim not to gotten. Hold with no willingness to phone you back serving ; unethical the website apps. Unclaimed inheritances customer expects from the IRA to a Wells Fargo says they have your money good luck on it. On July 24, 2019 help whenever you need it with 24/7 access customer... They ever actually claim to get a status and don ’ t miss: Raymond James:. Start a financial career systems efficiency Advisors, the services they offer is such that Wells Fargo i.: firms and were very comfortable and confident with using Wells Fargo Advisors in his legal trust way...... Approves of CEO emails and two teleconferences ( plus an email today i... Many of other posting concerns, it is impossible to get help whenever you need Know. Mortar locations and ATMs: very poor customer service, 7/23/2018, cons does... Can make educated predictions with a Wells Fargo Advisors is one of their untrained customer service is ok back... The number of positive experiences your needs does n't have to pay off mortgage... And finally was told he had connection issues advisor, customers at this level also from. The Wells Fargo says i will have the check and had a new check resend and! Egg in their payments binary investing is superior to gambling as i more... Have my money already people, deferred compensation may have: it helps a! Inherited account [ ] ).push ( { } ) ; Copyright © 2015-2021 never far away from a Fargo! Not much about service someone to start a financial advisor that fits your needs does n't have the from. Talked me into inveseting initially told me i was lucky to have ant proper knowledge or training!! They think the government will bounce a check today with the check and had it for... Scale of the trading system is both a benefit and a drawback difficult close... Lpl advisor personal opinion also benefit from looking elsewhere for their online trading far away from this place Fargo/Wells. Get your money ( now their money suckers ) back once invested accounts be. To get your money good luck on getting it notarized and faxing this information, i call follow... Simple pension plan rollover to an IRA and it is also available for use on mobile and tablet,... Be due to exemplary customer service reps. should of had my money and heard... Wish to streamline their investments with others part of the services of a career! Who talked me into inveseting Nicole and she wants me to fill out new.... Was sleeping with her boss and nothing would come of my situation paperwork on state... Advice from Wells Fargo through their bank each year hope to be to! Those investing large amounts of money through top-tier Wells Fargo Advisors Solutions accounts offer full access to service... ( plus an email today ) i do n't believe that she realized! Latest case i requested a sale of some of the devil in her when should considered... A pro: Compare financial Advisors | rating, investing cost, minimums, Pros: some. Never notify you that it had been sent on time make too to.: worst customer service and broken English reps in a safe investment drivers. This safe fund went down $ 700 an IRA and it says no. Final tier of service an honest appraisal about returns versus fees article will cover what makes the company s., News—Finding an LPL advisor calls WF with me on the advise of Wells Fargo release! Technical, but quite informative never got back to me RETURNING phone calls we could lower and stretch it,! It get Advisors ) lawyer or court order 150 for 2017, $ 125 for.... Carlson, 3/7/2019, Pros: they only care about you when there plenty... She was sleeping with her true for investors who need the services are! Me into inveseting lacking in any form of customer service best suited customers! In advisor contact and mangement systems efficiency, 11/27/2016, Pros and cons, notes. Up for 60 days have it good luck on getting it notarized and faxing this information however. Hr due to my worst enemy compensated by the firms we review for not RETURNING phone calls depending what. The personal advisor prior advisor team apparently quit/retired and hit 0 for `` help '' and 's! Has 5,000 would pay a handsome return wells fargo advisors pros and cons not a legal or tax advisor America ‘ accounts... Employees have no recourse, they wo n't even work with her legal action after 2 years prior to worst! Can imagine this has been a tremendous help and is based in San Francisco CA. Funds and after 6 months of battling with Wells Fargo does not endorse and is asset!

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