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Home > Financial Services > Stock Brokers > Wells Fargo Institutional Securities, Llc

Wells Fargo Institutional Securities, Llc

Wells Fargo Institutional Securities is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.

Wells Fargo Securities the investment banking subsidiary of Wells Fargo & Company, provides advice and services for companies in the areas of mergers and acquisitions, debt, equity, and private capital markets, and retail syndications.

Wells Fargo's investment banking subsidiary Wells Fargo Securities said today it will discontinue providing sell side institutional equity brokerage and research products and service, effective immediately. It will continue to provide investment banking advice and services, including mergers and acquisitions services, fairness opinions, debt and equity capital markets advice, private equity placements and retail syndication.

Continuing to develop the institutional equity business does not make business sense for Wells Fargo because of the buy side shift to electronic trading, the overall decline in commission rates and because this business does not fit their middle market and corporate client focus said John Hullar, Wells Fargo Securities senior managing director. In this changing environment, despite outstanding effort by their team in this business, they're simply not able to earn the return on their investment that they need to grow this business and successfully leverage it to satisfy more of their customers' financial needs. They'll make every effort to work with team members affected by this decision to help them find opportunities elsewhere in Wells Fargo.

Wells Fargo will continue to offer fixed income institutional brokerage services through Wells Fargo Institutional Brokerage and Sales, which trades $20 billion in fixed income and other securities daily through 100 registered brokers. Wells Fargo Investments also provides retail brokerage services. Their clients' success is mirrored in the company’s own financial performance. The Company has achieved record growth with revenues climbing thirty percent annually.

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