What happened to Wells Fargo funds?
Following the completed transaction, Wells Fargo Asset Management will now operate under its new name, Allspring Global Investments. Allspring has more than $587 billion in assets under management as well as investment capabilities spanning across diverse asset classes and will operate across 18 offices globally.
Is Wells Fargo Asset Management?
Wells Fargo Asset Management, now known as Allspring Global Investments, is officially free of its bank parent and is now an independent asset manager with almost $600 billion in assets.
What are Allspring funds?
Wells Fargo Funds Management, LLC operates as an investment management firm. The Company provides portfolio management and advisory, asset allocation, fixed income, and consulting services.
Does Wells Fargo invest?
Investment products and services are offered through Wells Fargo Advisors. ... Retirement Professionals are registered representatives of and offer brokerage products through Wells Fargo Clearing Services, LLC (WFCS).
What happened to Wells Fargo Asset Management?
Following the completed transaction, Wells Fargo Asset Management will now operate under its new name, Allspring Global Investments. Allspring has more than $587 billion in assets under management as well as investment capabilities spanning across diverse asset classes and will operate across 18 offices globally.
Who is buying Wells Fargo Asset Management?
Reverence Capital Partners
Is Wells Fargo Asset Management the same as Wells Fargo Advisors?
Under Wells Fargo a significant portion of distribution was through captive Wells Fargo advisors. “Under Reverence Capital and GTCR's ownership, WFAM will be an independent asset manager,” Berliniski said.