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Allspring Global Investments was originally the asset management unit of Wells Fargo known as Wells Fargo Asset Management (WFAM) that was established in 1995. [2]In October 2020, Wells Fargo was exploring the sale of WFAM as part of its efforts to focus more on core competencies and improve its financial performance after the Wells Fargo cross-selling scandal.
The brand was merged into Wells Fargo Advantage Funds and subsequently phased out following Wells Fargo's acquisition of Wachovia. [1] The brand was officially retired on July 20, 2010. [2] Outside the United States, the sales and distribution business was conducted under the brand name of Wachovia Global Asset Management.
Wells Fargo Securities was established in 2009 to house Wells Fargo's new capital markets group, which it obtained during the Wachovia acquisition. Prior to that point, Wells Fargo had little to no participation in investment banking activities, though Wachovia had a well-established investment banking practice which operated under the Wachovia ...
Wells Fargo Advantage Closed-End Funds Declare Monthly and Quarterly Dividends SAN FRANCISCO--(BUSINESS WIRE)-- The Wells Fargo Advantage Income Opportunities Fund (NYSE MKT: EAD), the Wells Fargo ...
Wells Fargo’s standard CD offerings include three-, six- and 12-month terms, although you can get a longer-term CD by visiting a Wells Fargo branch. Wells Fargo’s standard CDs require a ...
The Wells Fargo funds were the default option when employees did not make investment elections, the lawsuit says, and the only target date funds available within the plan from 2010 to 2021.
The company's corporate and institutional capital markets and investment banking groups operated under the Wachovia Securities brand, while its asset management group operated under the Evergreen Investments brand until 2010, when the Evergreen fund family merged with Wells Fargo Advantage Funds, and institutional and high-net-worth products ...
Northwest Venture Fund, a private equity and venture capital affiliate of Norwest Corporation, was founded in Minneapolis in 1961. It later merged with Wells Fargo in 1998. [4] The Northwest Growth Fund grew under the leadership of CEO Robert Zicarelli, including the opening of an office in Silicon Valley.