As a follow up to this year’s review of the top banks to bank with, we are presenting this detailed Wells Fargo review, including analysis on Wells Fargo CDs, CD rates, mortgage rates, benefits, pros and cons of using Wells Fargo bank.. History and Growth. It is also the most basic; registering for WellsTrade only provides the customer with a Wells Fargo Advisors online account. The minimum account level of $100,000 is, Compared to their competition, Wells Fargo Advisors fees at this level are reasonable at $100 annually per household. Very challenging to transfer funds out of Wells Fargo Advisors to another company. I contacted Wells Fargo, they said I needed to fill out another form and return it. by Soon to be former WF customer, Funny, I received a check today with the $95.00 taken out. Make it very difficult to transfer money out. After speaking with the Canadian office of Vital Statistics and with the Advisors, we ordered a 2nd certificate at the expense of $200 an authentication/authorization certificate. 5/1/2017. A Wells Fargo Advisors review from wisestockbuyer.com suggests that WellsTrade is too expensive for the quality of service offered. Incompetent,uncaring, reprehensible , immoral and what should be considered as illegal, Customer contact and help online visibility. WFA told me not to do that, and after looking into it a bit more told me they had the check but it was being processed and the money would be in my account next Tues. Finding the right financial advisor that fits your needs doesn't have to be hard. This certificate has a attached wax seal, ribbon and certified letter.I'am sure you can all see where this is leading, after receiving this certificate and scanning/faxing it in to the Advisors five days later I receive a email telling us to disregard the request for the second certificate , and that they now wantedus to provide a third certificate this one from the Canadian Consumer Foreign Affairs. I even had one of their employees tell me that she was sleeping with her boss and nothing would come of my situation. Wells Fargo Advisors Options Trading with like-minded investors and gain knowledge Wells Fargo Advisors Options Trading and expertise. Better customer service. Cons. IN SEPT. It makes me want to quit my job working for Wells Fargo. Over the coarse of the years I have had my retirement account with Wells Fargo I have had trouble getting my broker to do what I tell him to do. security selection, and ongoing portfolio monitoring. It's terrible will be reaching out to the better business Bureau as well. Wells Fargo Advisors reviews show that customers are unclear on the value of this service, however, as Wells Fargo Advisors complaints discussed above, The Wells Fargo Advisors fee schedule for these accounts is annual and based on assets, so avoids the complexity associated with the higher tier account—at the cost of flexibility. Those with the accessible, low-cost WellsTrade service have fewer complaints that those investing large amounts of money through top-tier Wells Fargo Advisors accounts. I did. Mind you, they never notify you that it’s been rejected. On balance run-of-the-mill performance not monitored or altered once set up. And it's not a federal law they receive my ID since I had to show it to have the documents notarized. Wells Fargo attempted to hold up the release of the checking and savings without a court order at the time of this confrontation so I withdrew all all the money from these accounts since my name was on the account. The Wells Fargo Advisors fee schedule for these accounts is annual and based on assets, so avoids the complexity associated with the higher tier account—at the cost of flexibility. Wells Fargo Intuitive Investor is not tied to a particular company or product and … The minimum account level of $100,000 is steep by industry standards, and numerous Wells Fargo Advisors reviews bring the value of the service into question. I was sent to see a financial adviser after having my taxes done to get a deduction on my state and federal taxes. Expectations. it was a termination fee. I asked for a manager and was put on hold, later to be told they are all busy, but can call me back in 24 hours. Clients have an access to a broad range of services such as account services that complement the investment planning process, advisory services, Money transferred was still not in my account 20 business days later. All I wanted was to put the money aside for a year in a safe investment. Said my ID didn't fax legible and I need to enlarge it. Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. 11/4/2018. It appears the investment department at Wells Fargo Advisors is lacking in ALL Customer Service skills and they DO NOT care about their clients or their investments. Raymond James Reviews: What You Should Know (Fees, Customer Reviews, Brokerage, Advisors), LPL Financial Reviews | What You Need to Know about LPL Financial. High expenses for little or no customer service. by Jason, Given the high initial investment requirements, this lack of quality customer care is a serious problem for Wells Fargo Advisors, and undermines their big selling points. Bank of America doesn’t offer 24/7 customer service, whereas Wells Fargo does. Once they have your money good luck on getting it back even with a lawyer or court order. Customer service is ok, back office is horrible and delays your funds when trying to close out your account. This is especially true for investors who need the services of a financial advisor they can meet with in person. The real selling point of Wells Fargo Advisors Solutions over WellsTrade is the option of personalized advice from Wells Fargo advisors. She was told "Your parents will have to pay.' WORST CUSTOMER SERVICE, LIE, CHEAT & STEAL. Wells Fargo offers plenty of banking services and products and is ideal for customers who want their banking and investment accounts with a single institution. HORRIBLE! Wells Fargo Pros & Cons. We attempted to pay off our mortgage in person at a Wells Fargo bank location that deals with mortgages. Wells Fargo did nothing. Increase Visibility, ► Top Financial Advisors in Toronto, Canada, ► Request a Free Award Emblem (Ranked Firms Only), ► Get Your Advisory Firm Featured – Increase Visibility, ► Request a Personalized Page for Any Firm, ► Mortgages – New Homes (Good-Great Credit), ► Mortgages – Refinance (Good-Great Credit). RIAs have a fiduciary duty to work in your best interest. Cons: poor back office response, unecessary delays ("up to 3 business days" is not to be counted upon), inconsistent claims and unkept commitments, poorly trained/unknowledgable advisors, and more. Below is a detailed examination of the Wells Fargo Advisors customer experience, based partly on Wells Fargo Advisors reviews, complaints, and stories of their service on the web. He has not has access to his own money since August 6,2019. Cons: WFA's Cash Management department has no interest in customer service. Pros. The lower Wells Fargo Advisor fees for this account compared to the one at the higher tier allows for less demanding access while still benefitting from personalized advice. The new person is Nicole and she wants me to fill out new forms. Nothing happens. I was contacted by another company, who specializes in contacting people about unclaimed inheritances. Then one rep. told her if she didn't pay for two or three months that they would work with her. Told me I was doing great and should thank him, also said "go ahead and whine - I'm used to whining". Please use respectful and Still have a social security payment tied up for 60 days. by team member, I did more research on annuities and realized that this was a bad investment choice for me. Poor management, poor systems coordination. Do not put 1 cent of your money into their hands. Managed Portfolio Solutions are available for minimum asset of $25,000 per account, which includes asset allocation decisions, I'LL RECEIVE $126 IN DIVIDENDS BECAUSE OF THIS OUTRAGEOUS FEE. Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Intuitive Investor Pros and Cons We hope you take advantage of this resource and visit us often. Run don't walk your money away from these idiots. In addition to the benefits listed above, this tier also offers a personal advisor that the customer can meet with face-to-face to discuss their accounts. 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. Also, unlike at least 1 other firm, we did not get a weekly account summary online showing our performance versus goals, or a newsletter. by CMYteam, All rights are reserved. 4 hours after it was signed for I call to follow up. The following Thurs, still no money. They now lost the check and are claiming they never received although oddly enough they did in fact cash it! Wells Fargo says I will have the funds in my account in a week. WellsTrade is the most accessible of the three levels of service offered by Wells Fargo Advisors. She threw a crazy fit at our front desk, barged her way through 2 locked doors by lying to my staff, came in to an executive meeting and proceeded to rip me a new one regarding a subject that she had no idea what she was talking was talking about. Every attorney I've spoken with says this is wrong, possibly illegal and unlawful on WFA's part. Share on Facebook; This advantage of the Solutions account, judging by the complaints outlined in Wells Fargo Advisors reviews, should mitigate some of the problems associated with the top-tier Wells Fargo Advisors account. Had a $95 exit fee. Morons, my drivers license has a feature to prevent duplication. A month ago I requested a full distribution and now I have to call twice a week and find out what is going on from some clueless moron on the other end. Phone wait time is terrible and if you get multiple people they all tell you different things. 11/27/2016, Pros: Investment Contact Person Was Pleasant and Courteous, Cons: Everything Else You/I Could Think Of. They once were the Cadillac but it looks like the Wells Fargo rat race is over and clearly the rats won! You can also access your Wells Fargo Wallet in the Wells Fargo app for easy payments. There are many various fees that come with Bank of America accounts so be aware of that. Wells Fargo provides 24/7 fraud monitoring on your checking accounts. Thus making an already devastating situation more frustrating and difficult. 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. For many reasons, I will never trust Wells Fargo. For example, Wells Fargo Advisors can work with your children using the Envision ® process to help create a plan that includes how an inheritance fits into real-life goals, wants and needs. It also suggests, however, that experienced or very active investors may benefit from looking elsewhere for their online trading. for help. 10/30/2020. Wells Fargo Advisors is one of the nation's premier financial services firms, serving and advising clients nationwide through more than 15,000 Financial Advisors. Need to know full name of person, phone number, superior phone number and name, etc. Wells Fargo Advisors is the trade name used by Wells Fargo Clearing Services, LLC and WFAFN, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. I reckon they think the government will bounce a check. It has been three weeks now since I asked him and several phone calls and I still can't get him to do what I asked him! Lack of knowledge. The customer service is horrible. Cons: Invested my money and never heard again from the broker who talked me into inveseting. It also includes investment research. Since then, this patterm prevails: I call Wells Fargo, the person says I will have the funds in my account in a week. In a seven year period during which the S&P 500 grew by slightly over 100%, my nest egg grew by 58%. Run fast! Hire a Pro: Compare Financial Advisors In Your Area. It’s a bit technical, but quite informative. Wells Fargo , of course, requested a death certificate, The one father received from Canada along with a notarized letter was presented to the bank. Incompetent, disorganized, non-responsive, They were good for 5 years. If I listen to my head from my days at Wharton Business school - the signs are there saying pull your investments and find a new Brokerage/Banker/Advisor firm. Cons: Giving bad advise, lack of honesty, terrible customer service, deceptive practices. Nov 18th to request a withdrawl. Any given Wells Fargo Advisors review of this specific service shows a lack of confidence in the company’s advice and uneven quality of service. Pros and Cons – Wells Fargo. Wells Fargo App. When she told them we couldn't, the one lady even told my daughter "Maybe your parents don't want you to know how much money they really have" This is rude and they will not work with you at all. 6 days later they claim not to have it. Only out for making commissions and charging as much as the can. 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. Guess if they ever actually claim to get my mailed copy, I will see what they say. Great benefits. When Wells Fargo was instructed to move the IRA to a trust account, they did not. Late 2019 our prior Advisor team apparently quit/retired. It accounts for various dimensions specific to an individual customer, such as: As part of this service, Wells Fargo Advisors accounts also offer a full suite of account options so that customers can centralize their savings and investments with them. ... Wells Fargo Advisors is not a legal or tax advisor. There are plenty of Wells Fargo Advisors reviews out there, yet lingering questions remain. We may be compensated by the firms we review. Once I tried to move money out of Wells Fargo the horrendous customer service started. 10/7/2016. The WellsTrade Brokerage Commissions and Fees for Stocks/ETFs will cost you, The website and apps are simple but uncluttered and easy to use, particularly for inexperienced customers. We have no recourse, they won't even work with us if it meant they would make more money. by David, Don't know how they stay in business. Higher APY. My brother named me successor trustee in his legal trust. We sent in paperwork and they said she didn't make enough to remove the cosigners. Affiliated with one of America’s major banking companies, Wells Fargo Advisors benefits from the established reputation of its parent company. They also offer a personal Wells Fargo advisor that customers have unlimited access to and whom they can meet with in person. search for a Financial Advisor on this website. Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Remove under performers). AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL AWFUL >>>> did I mention AWFUL!!! Wells Fargo Advisors is one of the nation’s largest retail brokerage firms. Sudden decline in Advisor contact and mangement systems efficiency. Wells Fargo’s WellsTrade—Customer Feedback. Higher rates. Wells Fargo has over 5,400 Branches across 40 states whereas Bank of America has 5,000. ZERO customer service, ZERO morals. My attorney said he had one case involving several million in an IRA account that Wells Fargo held up releasing for 11 months after the bank had been served with a court order to release the funds. No one ever calls back, very very poor customer service, avoid these people. Am I a moron? No one could explain or even attempt to explain why the bank could not handle the check nor why a timeline for them getting the overage amount back to us could not be given. Pros: Given some time and may think of one. 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Online trading was founded in 1852 and is based in San Francisco, CA live up the... Wait on hold and didn ’ t have my money more demands customers of... Much about service 's affiliates bank is very pro selling and not much about service comprehensive, as noted nearly. Your account that mom had passed away on July 24, 2019 will bounce a check are putting the out... Pay. wish to streamline their investments with others part of the most basic ; for. Some time and may think of the age of termination for my family and charging as much as owner! Wellstrade rating, investing cost, minimums, Pros: investment contact person was Pleasant and courteous with. S ) reviewed above, may be compensated by the firms we review down $ 700 with. To ignore the number of Wells Fargo, they did not offer me direct deposit there and finally told. And never heard again from the Advisors i do not put 1 cent of your money into their hands 9/24/2019...