Through our affiliation with Wells Fargo & Company, we provide access to vast resources to help you address all aspects of your business, empowering you to deliver the client experience you desire.

Is Wells Fargo clearing services the same as first clearing?

Welcome to Wells Fargo Clearing Services, LLC WFCS provides clearing and custody services to introducing brokerage firms (that are not affiliated with Wells Fargo Corporation) under the trade name First Clearing.

What does First Clearing LLC do?

First Clearing, LLC operates as an institutional brokerage firm. The Company offers portfolio management, capital raising, financial planning, wealth management, brokerage, and advisory services. First Clearing serves customers in the United States.

What is Wells Fargo clearing House?

Wells Fargo Clearing Services, LLC provides financial services. The Company offers account statements, trade confirms, record-keeping, annual clearing, and custodial services. Wells Fargo Clearing Services serves customers in the State of Missouri.

What is Tradepmr?

A custodial services provider with award-winning service3 and technology2 to deliver what you may need, when you need it. Most of all, we believe in a custodial service platform that knows your company and supports your success like it’s their own.

What is the DTC number for Wells Fargo Advisors?

Simply call 1-800-TRADERS (1-800-872-3377) and tell the Automated Voice Response System what you’d like to do.

What is a clearing service?

Clearance. The process of settling transactions. Most exchanges have one or more clearing houses, which are charged with matching orders together, ensuring that deliveries are made to the correct parties, and collecting margin money. Clearing houses receive a clearing fee in exchange for clearance services.

Is Wells Fargo a clearing house?

Wells Fargo has one of the most advanced Automated Clearing House (ACH) systems and is the largest originator in the country 1, processing more than 6 billion ACH transactions annually.

What is the purpose of a clearing house?

A clearing house is an intermediary between buyers and sellers of financial instruments. It is an agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery, and reporting trading data.

Who does Wells Fargo Advisors clear through?

Wells Fargo Clearing Services, LLC
7,757 Financial Advisors work in the traditional brokerage channel of Wells Fargo Advisors through Wells Fargo Clearing Services, LLC, with branch offices located in all 50 states and the District of Columbia.

Where is Wells Fargo clearing services in St Louis?

Wells Fargo Clearing Services, LLC | One North Jefferson Avenue | St. Louis, MO 63103. If you are an account holder and have questions about an account that is carried by Wells Fargo Clearing Services, LLC, please contact your financial advisor directly.

What does first clearing do for Wells Fargo?

First Clearing* provides execution, clearance, and settlement services for your firm’s customer and proprietary accounts. First Clearing is dedicated to protecting your privacy and providing the highest level of service.

Why do you need to know about first clearing?

First Clearing is dedicated to protecting your privacy and providing the highest level of service. We want you to understand how we gather and may share client information at First Clearing and how we protect that information in everything we do.†

Who are the owners of Wells Fargo Advisors?

Wells Fargo Advisors LLC is owned by Wachovia Securities Financial Holdings LLC, a subsidiary of banking and financial services company Wells Fargo & Co. Wells Fargo Advisors offers insurance products and banking services through Wells Fargo & Co. Additionally, Wells Fargo Advisors offers services such as free…