Who we are
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 stores and 12,000 ATMs and the Internet (wellsfargo.com and wachovia.com) across North America and internationally.
Were headquartered in San Francisco, but were decentralized so every local Wells Fargo store is a headquarters for satisfying all our customers financial needs and helping them succeed financially. One in three households in America does business with Wells Fargo. Wells Fargo has $1.2 trillion in assets and more than 278,000 team members across our 80+ businesses. We ranked fourth in assets and third in market value of our stock among our U.S. peers as of June 30, 2010. Our vision: We want to satisfy all our customers financial needs and help them succeed financially.
Reputation
FORTUNE 19th in Revenue Among All Companies in All Industries (2010) Worlds 39th Most Admired Company (2010) Forbes One of Americas Best Big Companies (2008) Top 100 Best Companies in the World (2010) Barrons BusinessWeek Worlds 50 Most Respected Companies (2010) Best Places to Launch a Career (2009) Americas #2 Most Generous Corporate Foundations (2010) Newsweek Human Rights Campaign U.S. Environmental Protection Agency Diversity Inc. Americas #1 Green Bank and #13 Greenest Big Company (2009) Perfect Score of 100 on Corporate Equality Index (2009) Top 20 Green Power Partner Companies (2009) Top 50 Companies for Diversity (2010) Top 10 Companies for Asian Americans Top 10 Companies for Lesbian, Gay, Bisexual, and Transgender Employees LATINA Style Mortgage Bankers Association American Customer Satisfaction Index InformationWeek Office of the Comptroller of the Currency Global Finance FImetrix Juniper Research Bank Technology News Brand Keys United Way of America Top 50 U.S. Companies for Latinas (2009) #1 Commercial Real Estate Lender (2009) Americas #1 Large Bank for Customer Satisfaction (2009) #4 Most Innovative Business Technology Organization (2009) Outstanding for Community Reinvestment Act performance (2009) Best Consumer Internet Bank and Best Corporate/Institutional Internet Bank in the U.S. (2010) #2 market share for primary correspondent bank relationships (2009) Future Mobile Award (2010) #1 Bank Technology Innovator of the Year (2009) #1 Bank Brand in Customer Loyalty Engagement Index (2010) Summit Award for Exceptional Volunteerism (2010)
#1 in U.S.
#2 in U.S.
#3 in U.S.
Banking stores (Wells Fargo and Wachovia stores in Key facts* as 0f 6/30/10 39 states & D.C.) Total stores (Wells Fargo and Wachovia stores) Assets $1.2 trillion Total mortgage producer; Retail mortgage producer Mortgage lender to low-to-moderate income home buyers Team members 278,000 (2009 HMDA data) Customers 70 million Mortgage stores Prime home equity originator Stores more than 10,000 Small business lender (U.S. in total dollar volume per 2008 Community Reinvestment Act data) ATMs 12,199 National SBA 7a lender in dollar volume (combined with Wachovia for 2009 fiscal year) Market Value $134 billion Commercial real estate lending and brokerage in the U.S. of Stock Deposits Issuer of Debit Cards Mortgage servicer Family wealth provider Mutual fund family among U.S. banks Annuity distributor Arranger of asset-based loans by volume and by number of transactions (2Q 2010, Thomson Reuters) Largest bank-owned leasing company Branded bank ATM owner (Wells Fargo and Wachovia ATMs) Full-service retail brokerage provider based on number of Financial Advisors and client assets Wealth management provider U.S. loan syndication bookrunner by number of transactions (2Q 2010, Thomson Reuters) Leveraged loan issuer by number of transactions and volume (2Q 2010, Thomson Reuters) High grade corporate loan issuer by number of transactions (2Q 2010, Thomson Reuters)
* Includes Wells Fargo and Wachovia
Top Senior Managers of Competitive bond issues (Thomson Reuters, as of 6/30/10) Issuer of Variable Rate Demand Notes (VRDN) by par amount remarketed (Thompson Reuters,
as of 6/30/10)
IRA provider Institutional retirement plan recordkeeper U.S. equity capital markets bookrunner by volume (Thomson Reuters) Issuer of Credit Cards Domestic High yield bond issuer by number of deals (2Q 2010, Bloomberg)
#9 in U.S.
Contributions by Category
Arts and Culture 11% Civic 4% Community Development 26% Education 30% Environmental 1% Human Services 24% Other 4%
$7.4 million in grants to local and national nonprofit housing organizations to create sustainable homeownership. $1.5 billion in CRA qualified community development loans and investments that have provided financing for affordable
housing, community services, economic development, community revitalization and job creation for low- and moderateincome individuals and communities. team members.
$61 million in grants to 6,500 educational programs and schools, and $14.4 million in matched educational donations from $590.4 million spent with minority-, woman-, LGBT- , veteran-, disabled- veteran- and/or disabled-owned businesses. 1.23 million team member hours; team members raised a record $41.9 million during the annual Community Support/
United Way campaign. United States.
$6 billion in environmental loans and investments, since 2004 including investing in 230 renewable-energy projects in the
Additional information about our achievements in social responsibility is available at: https://www.wellsfargo.com/about/csr/.
Our Businesses
152 122 90 31 123 1,041 129 171 8 262 96 18 13 801 50 690 140 278 53 45 77 23 37 1 291 322 147 47 27 178 57 24 295 312 20 81 30 84 75
Regional Banking
6,445 banking stores in 39 states & D.C. (Wells Fargo and Wachovia) More than 20 million retail households One of the United States most extensive
banking franchises
Banking stores*
Alabama (140) Alaska (50) Arizona (262) Arkansas (4) California (1,041) Colorado (171) Connecticut (75) Delaware (20) District of Columbia (30) Florida (690) Georgia (278) Idaho (90) Illinois (23) Indiana (37) Iowa (77) Kansas (8) Maryland (81) Michigan (24) Minnesota (178) Mississippi (13) Montana (47) Nebraska (45) Nevada (123) New Jersey (312) New Mexico (96) New York (84) North Carolina (322) North Dakota (27) Ohio (1) Oregon (122) Pennsylvania (295) South Carolina (147) South Dakota (53) Tennessee (18) Texas (801) Utah (129) Virginia (291) Washington (152) Wisconsin (57) Wyoming (31)
*Includes Wachovia locations, still to be converted to Wells Fargo banking stores. Customers should continue to bank as usual.
Wells Fargo is a leading provider of online financial services, offering individual consumers, small and middle market businesses and large corporations a full range of banking, money movement, investing, asset management and other financial and risk management products and services through the online channel. The free* and secure Wells Fargo MobileSM Banking service also allows consumer and small business customers to connect to their Wells Fargo accounts through three easy ways to use mobile banking including mobile web (wf.com) and text messaging (93557). Customers may also access wf.com through our Android, BlackBerry, iPhone and iPod touch, or Palm mobile banking applications (apps) to quickly log in to check their accounts or to find the nearest Wells Fargo ATMs.
17.6 million combined active online customers 3.4 million combined active mobile customers Celebrating 15 years of online banking this quarter, Wells Fargo continued its history of innovation, becoming the first and
only bank to offer an ATM e-receipt option to its online banking customers, giving customers the choice to either have an ATM receipt sent to an online banking inbox or to a designated personal e-mail account
*Mobile carriers text messaging and web access charges may apply
ATM Banking
12,199 Wells Fargo and Wachovia ATMs. 6,548 Envelope-Free ATMs make deposits easier, accepting deposits in stacks of 30 checks or 50 bills. Cash is credited
SM
immediately; check amounts are automatically read and images are shown on the screen and receipt, and the business day is extended to 8pm. on-screen language options (English, Spanish, Chinese, Hmong, Korean, Vietnamese). Wells Fargo is upgrading all Wachovia ATMs to offer these same features.
Wells Fargos exclusive ATM machines automatically remember customers language preference, and provides six different Wells Fargo and Wachovia ATMs feature voice instructions for the visually impaired.
Wells Fargo Customer Connection
Contact centers providing primary telephone service and sales channel 24/7 for customers across the territory; 31 sites with 12,000 team members handling over 500 million customer contacts annually, creating best-in-class multi-channel customer experiences via phone banker, Voice Response Unit (VRU), email, and correspondence for consumer, credit card, business banking, home equity, and online banking customers.
#2 debit card issuer 38.0 million debit card accounts Including Wachovia: 10.2 million credit card accounts $15.6 billion in total credit card outstandings
Our Businesses
34 16 2 2 2 136 5 26 7 15 5 11 19 16 6 4 31 4 7 48 6 21 5 1 2 22 11 4 22 6 27 29 2 7 1 28 14 12 30 6 23 14 31 2 4 7
Nations #1 total mortgage producer (2009 year-end data, Inside Mortgage Finance) and #2 servicer of home mortgages (2009 year-end data, Inside Mortgage Finance).
12 million loans Originations: $427.2 billion (Wells Fargo Owned Mortgage Servicing: $1.8 trillion #1 retail reverse mortgages originator #1 originator of renovation financing
2,000 mortgage and Wells Fargo banking stores, and the internet
and Wachovia data combined, year-end 2009, as reported by Wells Fargo to Inside Mortgage Finance) (Wells Fargo and Wachovia data combined, year-end 2009, as reported by Wells Fargo to Inside Mortgage Finance)
Accounts: 2 million Portfolio Balances: $6.5 billion New accounts in Q1,10: 20,505
U.S. Retail Sales Finance U.S. Consumer Real Estate Collections Team Canada Collections Team Wells Fargo Auto Finance Wells Fargo Financial Leasing Wells Fargo Preferred Capital Matsco Reliable Finance
Most consumer lending products previously offered by Wells Fargo Financial will remain available through Wells Fargos community banking and home mortgage stores as well as our network of phone banks and wellsfargo.com. We will continue to offer credit products and services to as many credit-worthy customers as possible, utilizing common systems and processes in the community banking and home mortgage stores. Wells Fargo Financial no longer originates non-prime portfolio real estate loans, although Wells Fargo will continue to offer FHA loans for purchase and refinance through the Home Mortgage division.
Retail Brokerage
Wells Fargo Advisors operates the nations third-largest retail brokerage business with approximately 15,100 full-service financial advisors in locations nationwide and 5,100 licensed bankers in Wells Fargo and Wachovia banking stores. Brokerage administers $1.1 trillion in client assets, including $199 billion in managed account assets, and $79 billion in deposits. Wells Fargo Advisors combines the capabilities of a large, national retail brokerage company with the culture of a smaller, regional firm through its commitment to Financial Advisors and client relationships. The company provides an array of services, including planning and advice, asset management, estate investment planning, retirement planning and portfolio monitoring. Wealth Management and Family Wealth administer $141 billion in client assets and $46 billion in deposits. Wealth Management also manages 112,000 trust accounts. Wealth Management provides affluent and high-net-worth clients with a complete range of wealth management solutions that include private banking, investment management, trust and estate services, holistic financial and business planning services and charitable services along with bank-based brokerage through Wells Fargo Advisors and Wells Fargo Investments, LLC. Family Wealth provides services to ultra-high net worth clients with at least $50 million in relationship assets and is the nations second-largest multi-family office practice according to the Family Wealth Alliance, LLC. Wells Fargo Retirement is a leader in providing retirement services to retail customers and companies. Wells Fargo is the nations sixth-largest IRA provider according to Cerulli with $238 billion in client assets and is the nations second-largest annuity distributor according to the Sun Life Distributor Survey. Ranked as the nations sixth-largest recordkeeper by PLANSPONSOR Magazine, Wells Fargo services 401(k), pension and other retirement plans for 3.6 million employees and pensioners, totaling $211 billion in assets, and is a leading provider of retirement educational services to plan sponsors and participants. Wells Fargo also administers $251 billion in custody assets, provides investment solutions and executive benefits consulting to institutional clients and delivers reinsurance services to global insurance companies.
Wealth Management
Retirement
Our Businesses
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20 18 12 3 12 118 10 29 20 31 5 13 33 9 13 13 63 4 4 12 28 36 66 28 12 18 23 11 25 41 58 9 44 58 67 6 13 17 5 50 4 31 2 23
22 20
73 2
70
Brokerage Stores*
Alabama (25) Alaska (2) Arizona (31) Arkansas (22) California (118) Colorado (29) Connecticut (17) Delaware (4) Florida (70) Georgia (41) Hawaii (4) Idaho (12) Illinois (63) Indiana (28) Iowa (13) Kansas (20) Kentucky (12) Louisiana (20) Maine (4) Maryland (31) Massachusetts (23) Michigan (36) Minnesota (12) Mississippi (11) Missouri (33) Montana (4) Nebraska (13) Nevada (12) New Hampshire (13) New Jersey (50) New Mexico (5) New York (67) North Carolina (58) North Dakota (4) Ohio (58) Oklahoma (13) Oregon (18) Pennsylvania (66) Rhode Island (5) South Carolina (23) South Dakota (9) Tennessee (18) Texas (73) Utah (10) Vermont (6) Virginia (44) Washington (20) Washington D.C. (2) West Virginia (9) Wisconsin (28) Wyoming (3)
*Includes Wells Fargo Advisors Private Client Group and Financial Network locations. Does not include brokerage locations in banking stores and international offices.
Wealth, Brokerage and Retirement provides financial products and services through various banking and brokerage affiliates of Wells Fargo & Company including Wells Fargo Advisors and Wells Fargo Investments, LLC (member SIPC). Wells Fargo Advisors is the trade name used by two separate registered broker dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC, and Wells Fargo Advisors Financial Network, LLC (members SIPC). Statistics include First Clearing, LLC, and H.D. Vest Investment ServicesSM (members SIPC) affiliated broker-dealers of Wells Fargo & Company. Insurance products are offered through affiliated non-bank insurance agencies. Wachovia is a Wells Fargo Company. 0710-4514 Investment and Insurance Products: Not FDIC Insured NO Bank Guarantee MAY Lose Value
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Serves nearly 2.5 million customer households as of June 2010 *Consists of real estate 1-4 family junior lien mortgages and lines of credit secured by real estate from all groups, excluding PCI (purchase credit-impaired) loans.
$30.8 billion in managed auto and other consumer loans Relationships with 11,000 dealers Servicing over 2.3 million customers
Commercial, real estate and floorplan lending** Banking products and services targeted for dealer community** After-market products and services through Warranty Solutions
*Source-AutoCount (excluding leases) for Q1 2010 **Offered through Wells Fargo Bank, N.A. and Wachovia Bank
Offering education financing for more than 40 years. Serving 1.7 million student and family customers. Originated more than $11.1 billion in federal and private student loans in 2009.
One of the largest insurance agencies associated with a bank. Helping customers protect what they value since 1903. An independent, full-service, nationwide agency. Property and casualty, life insurance and other protection products to individuals and small business owners through centralized and direct models.
Serves 2.4 million customers of Wells Fargo affiliates across the country.
Rural Community Insurance Services (Crop Insurance)
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Minneapolis-based Norwest Equity Partners (www.nep.com) is one of nations oldest and largest private equity investment firms. Equity investments in profitable and growing middle market companies primarily through management buyouts, recapitalizations and growth financings across a variety of industry sectors to include: consumer products and services, distribution, financial services, healthcare, manufacturing, applied technology and business services. $4.6 billion in capital and commitments under management including $1.2 billion in Norwest Mezzanine Partners, the firms affiliated mezzanine fund.
Peregrine Capital
Money management for institutional clients in the national market. Manages $2.9 billion for corporations, endowments/foundations, public funds, mutual funds and Taft-Hartley plans. Three equity styles, each managed by a dedicated and experienced team.
Business Banking
Serving over 2.5 million businesses with annual revenues of up to $20 million.
Business Deposits
Providing deposit and other cash management services to businesses ranging from sole proprietorships to businesses with annual revenues of up to $20 million.
Business Lending
Offering working capital lines of credit, business credit cards, equipment loans and commercial real estate loans, Wells Fargo, together with Wachovia, is Americas #1 small business lender in total dollar volume (CRA government data, 2008). Wells Fargo is also Americas #1 SBA 7(a) lender in dollar volume and the #2 lender in units (Small Business Administration data, 2009). Americas #1 small business lender (in total dollar volume) across three major 2008 Community Reinvestment Act (CRA) categories:
loans under $100,000 loans under $100,000 in low- and moderate-income (LMI) neighborhoods, and total business lending under $1 million
Americas #1 SBA 7(a) lender in dollar volume and the #2 lender in units, extending 2,347 loans totaling $827 million in 2009 SBA Preferred Lender in 50 states.
Wells Fargos Diverse Business Services programs provide outreach and education about financial services to women, African American, Latino and Asian business owners. Wells Fargo has loaned $41 billion to women- and diverse-owned businesses since 1995.*
*Represents legacy Wells Fargo only
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Merchant Services
Providing payroll processing, reporting and tax services for business customers.
Providing 24/7* telephone customer service support to our business banking customers.
*Represents legacy Wells Fargo only
Lowry Hill
24-year-old firm providing investment management and comprehensive financial planning services for high net-worth
families, foundations and endowments.
Over $4.5 billion in assets under management and nearly 300 clients in 45 states. 97% business retention since 1986 inception of firm. $10 million investment minimum. Private equity investments for portfolios of $20 million or more. Four proprietary equity investment styles (U.S. large cap growth, international large cap, U.S. small cap, income equity) plus Locations: Chicago, Minneapolis, Scottsdale, Ariz. and Naples, Fla.
Wholesale Banking
REITs and fixed income; client accounts hold individual securities chosen from models constructed by Lowry Hill Investment Principals.
Wholesale Banking provides financial solutions to businesses across the United States with annual sales generally in excess of $10 million and financial institutions globally. Products include middle market banking, corporate banking, commercial real estate, treasury management, asset-based lending, insurance brokerage, foreign exchange, correspondent banking, trade services, specialized lending, equipment finance, corporate trust, investment banking, capital markets and asset management.
Commercial Banking
Commercial Banking offers comprehensive solutions tailored for the needs of middle-market businesses ($10-500 million in annual revenues). Offices and more than 30 satellite offices nationwide.
More than 90 Regional Commercial Banking #1 Market Share for middle market companies
(annual revenues of $25-500 million). More companies chose Wells Fargo as their lead bank than any other institution in the country. investment products and financial services for middle-market customers. group expertise in the agriculture, beverage, environmental services, and technology sectors. Continued on next page
Serves companies in a wide variety of industries, with specialty #1 agribusiness lender by dollar volume.
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Middle-market and large corporate businesses across the U.S. use Wells Fargo global treasury management products and services.
Receivables Solutions
Community banks in 39 states and the District of Columbia; nationwide lockbox and cash vault networks, remote deposit products.
Payment Solutions
ACH, commercial credit cards, payment gateway services, employee paycards, prepaid cards, wire transfers and check services.
Technology Solutions
Check image, electronic check conversion and Check 21 clearing, corporate mobile banking and treasury workstation services all integrated online and available through the CEO portal. Only bank to win four ACH quality and service excellence awards.
Education & Nonprofit Banking: Provides commercial banking solutions for colleges, universities, associations, 501(c)
agencies and authorities, water districts, municipal utilities and school districts.
organizations, charitable organizations, foundations, endowments, national and local nonprofit organizations, and unions
Government Banking: Provides commercial banking solutions for governments (federal, state, county and city), government Healthcare Financial Services: Provides commercial banking solutions for nonprofit hospitals, hospital-affiliated clinics,
physician practices, ambulatory surgery centers, assisted-living facilities, and nonprofit 501(c)3 entities. syndications solutions for issuer clients. securities.
Public Finance Investment Banking: Provide taxable and tax-exempt investment banking, derivatives marketing, credit and Sales, Trading & Syndicate: Underwrites debt issuance and provides sales and trading functions for taxable and tax-exempt
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#1 in commercial real estate originations in the U.S. #1 lender for office, multifamily, affordable housing, retail, industrial, hotel and healthcare properties in the U.S.
Eastdil Secured
Established in 1967, combines capital markets and real estate expertise to conduct real estate transactions. Arranges investment property sales, debt placement, loan sales and structured finance advisory, private equity raises, investment banking and public debt and equity transactions. $235 billion of transactions since 2007.
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The Corporate Banking Group encompasses a diverse set of general corporate and industry specialized relationship businesses which provide integrated financial solutions to over 1,700 clients in 37 offices nationwide. A brief description of the target customers served within each of the Corporate Banking division follows below.
Energy Group
Entire spectrum of public and private, middle market and large corporate companies in all sectors of the oil and gas industry including: Exploration & Production, Energy Services & Equipment, Mid-Stream, Pipeline, and Refining.
Gaming Division
Multiple jurisdiction, public and private gaming companies, Native American casinos and single property gaming enterprises.
Restaurant Finance
National and regional restaurant brands with sales greater than $50 million, large franchisees in established systems, convenience store and gas station owner/operators and landlords with single tenant retail properties.
Equity Funds
Limited partnership investments and in select cases, direct and co-investments, sponsored by private equity firms, real estate investors and other asset managers that are Wells Fargo clients.
Securities under administration total $2.5 trillion in unpaid balance Over 1,400 team members in over 30 offices across the United States and two offices internationally in London and Dublin.
Continued on next page
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Equities Common stock, convertible bonds, share buybacks, equity derivatives, equity private placements Investment Grade Debt Investment grade bonds, preferreds, debt private placements, liability management High Yield Debt Non-investment grade bonds, liability management Loan Syndications Loan syndications, loan sales and trading Advisory Sell-side M&A, Buy-side M&A, general strategic advisory, spin-offs, equity carve-outs, reverse Morris trusts,
defense advisory, fairness opinions, restructuring advisory Industries covered include:
Consumer, Healthcare & Gaming Energy & Power Financial Institutions Industrials Technology, Media & Telecom
Specialty Groups include:
Customers include finance companies, leasing companies, asset managers and other originators or holders of pools of
financial assets.
Underlying assets include residential and commercial mortgages, auto, student and corporate loans, credit card receivables,
commercial assets for corporate clients and bank-originated products.
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Responsible for the distribution and trading of securities to support our clients who are raising equity in the capital markets and for our investing clients who are sourcing equities for their investment needs.
Common stock Preferred stock Convertible bonds Share buybacks Equity derivatives Equity private placements
High Grade Sales & Trading: Responsible for the distribution of high grade corporate debt and preferred stock to large
institutional clients.
High Yield Sales & Trading: Responsible for the distribution of high yield corporate debt to large institutional clients. Asset Backed Finance Sales & Trading: Delivers a broad range of structured assets, including MBS, ABS and CMBS to large
institutional clients.
Generalist Fixed Income Sales: Provides all cash Fixed Income products to short duration buyers and larger institutional
accounts that do not require specialist coverage.
Middle Market Fixed Income Sales: Delivers cash Fixed Income products and related portfolio services to middle market
Financial Institutions and Wells Fargo corporate clients. solutions through capabilities in swaps and options.
Interest Rates: Provides corporate, commercial, institutional and high-net worth individuals with interest rate hedging Commodities: Provides hedging solutions to producers and consumers of energy, electricity (power), metals, agricultural,
physical natural gas and physical natural gas liquid commodities.
Investment Solutions
Provides corporate, institutional and high net worth investors with investment alternatives that offer a broad range of strategies and objectives. Investments can be structured to gain access to markets, limit downside risk or enhance yield.
Municipal Products
Provides comprehensive financial solutions to federal, state and local governments, education, non-profit institutions, not-for-profit healthcare and other tax-exempt entities. Public Finance Investment Banking: Provides investment banking, capital markets and credit solutions for issuer clients. Sales, Trading & Syndicate: Provides cash trading, institutional sales and underwriting solutions for issuer and investor clients. Continued on next page
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Buys and holds a broad-based investment portfolio including corporate credit, structured credit, municipals and other fixed income related assets.
Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, a member of NYSE, FINRA and SIPC, Wells Fargo Institutional Securities, LLC, a member of FINRA and SIPC, and Wachovia Bank, National Association. Wells Fargo Securities, LLC carries and provides clearing services for Wells Fargo Institutional Securities, LLC customer accounts. Investment and Insurance Products: Not FDIC Insured
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Resort Finance
Financing of timeshare receivables from $20 million to $100 million.
Retail Finance
Senior secured financing ranging from $10 million to $1 billion and more for large and middle-market retailers, from traditional brick-and-mortar storefronts to catalog and online operations.
Specialty Finance
Financing starting at $20 million for companies in a wide variety of industries, including gaming, restaurant, healthcare, and media and communications.
Technology Finance
Senior-secured financing starting at $15 million for software and technology companies.
Trade Capital
Trade finance including factoring, asset-based financing, inventory financing, and letters of credit for companies in the U.S. and abroad that serve the retail and consumer marketplace and have annual sales starting at $10 million.
Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Bank, N.A.; Wells Fargo Business Credit, a division of Wells Fargo Bank, N.A.; Wells Fargo Credit, Inc.; Wells Fargo Distribution Finance, LLC; Wells Fargo Capital Finance, Inc.; Wells Fargo Capital Finance, LLC; Wells Fargo Retail Finance, LLC; Wells Fargo Retail Finance II, LLC; Wells Fargo Trade Capital, LLC; Wells Fargo Trade Capital Services, Inc.; and Wells Fargo Capital Finance Corporation Canada. Wells Fargo Capital Finance Corporation Canada (also doing business in Quebec as Socit de financement Wells Fargo Capital Canada) is an affiliate of Wells Fargo & Company, a company that is not regulated in Canada as a financial institution, a bank holding company or an insurance company.
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A multi-boutique asset management firm focused on institutional clients. Its distinct, autonomous, and independent investment management teams offer an extensive list of actively-managed U.S. and global equity, fixed-income, and quantitative strategies that span the risk-reward spectrum.
Affiliated Managers
Several affiliated firms with expertise in various asset classes and investment strategies, including European Credit Management (European fixed-income), Galliard Capital Management (stable value and core fixed-income), Nelson Capital Management (socially responsible investments), Overland Advisors (multi-strategy relative value), agency and custodial securities lending, and a minority interest in Golden Capital Management (U.S. core equity).
Wells Fargo Funds Management, LLC, provides investment advisory and administrative services for Wells Fargo Advantage Funds, Wells Fargo Managed Account Services, and 529 plans. The Funds and shares in the 529 plans are distributed by Wells Fargo Funds Distributor, LLC, member FINRA/SIPC, an affiliate of Wells Fargo & Company.
Investment Products:
NO Bank Guarantee
2010 Wells Fargo Bank, N.A., Member FDIC. Effective December 31, 2008, Wells Fargo & Company acquired Wachovia Corporation (Wachovia). Because the acquisition was completed at the end of 2008, some lines of business may not reflect all post-merger data.