Wells Fargo Advisors is a financial advisory services firm. It provides its clients with an extensive range of investment management offerings, including stocks, bonds, mutual funds, exchange-traded funds, annuities, and more. In this article, we cover Wells Fargo Advisors reviews. Ready to get started? Visit its website.
Summary of Positive Wells Fargo Advisors Reviews
As of March 2019, there are very few positive Wells Fargo Advisors reviews available online. However, some users said that they were able to grow their investment portfolio with the company throughout the years.
Summary of Negative Wells Fargo Advisors Reviews
Users who gave Wells Fargo Advisors a negative review complained about high service fees and many hidden charges. They also said that the customer support team is unreliable and hard to reach.
One user who gave Wells Fargo Advisors a negative review on Consumer Affairs said that her overall experience with the company is very unsatisfactory. She reported bad customer service quality, hidden fees, minimal trade options, and poor user interface. She also shared that when she tried closing her account, she made a move to offload a few of her penny stocks, but it did not yield any money as Wells Fargo used the amount as payment to cover hidden fees.
Wells Fargo Advisors Pricing
Wells Fargo Advisors pricing is not available online. Fees for similar providers usually include custodian fees ($25 to $50/year), asset management fees (0.25% to 2.00% of total asset cost), and trading commissions ($5 to $50/trade). Costs vary depending on the kinds of assets to be managed or services to be provided.
Ready to get started with Wells Fargo Advisors? Visit its website.
Wells Fargo Advisors Services
Check out the list below of some of Wells Fargo Advisors’ services:
- Investment management
- Individual retirement accounts
- College savings plans
- Lending products
- Business insurance
- Advisory services
- Account services
Wells Fargo Advisors FAQs
Are potential clients required to pay for a personal financial advisor to use the platform?
A potential client can choose to use Wells Fargo Advisors services in three ways: as a dedicated financial advisor; robo-investing, which is the use of digital algorithms that provide financial advice; or self-directed online trading, which is ideal for those with investing experience.
How do Wells Fargo Advisors guide clients with no investment experience?
Aside from its dedicated financial advisor service, Wells Fargo Advisors provides users with an extensive knowledge base through the Wells Fargo Investment Institute, which is a microsite that gives users access to market updates and sound financial advice to help them manage their own investments and savings plans.
Wells Fargo Advisors Alternatives
Have you read these Wells Fargo Advisors reviews and are still not sure if it’s the right fit for you? Read our reviews of all top investment companies for small businesses or check out one of these three Wells Fargo Advisors competitors.