Wells Fargo Asset Management International, LLC (London)

Name: Wells Fargo Asset Management International, LLC
Address: 33 King William Street, London, Ec4 R 9 At
Telephone: 44-203-942-8000

Wells Fargo Asset Management International, LLC is a large advisory firm based in London. It manages $5.24 billion of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2018.

Wells Fargo Asset Management International provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wells Fargo Asset Management International: assets under management

The assets under management (AUM) of Wells Fargo Asset Management International, LLC is $5.24 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and $2.74 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.24 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $145.43 million each.

Investments

The firm invests in sovereign bonds the most. They account for 71% of the total AUM. The second-largest asset type is government bonds, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wells Fargo Asset Management International, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Daniel Morris serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Daniel Morris is investment companies with 9 clients and $843.22 million of assets under management. Among the 10 most similar advisory firms, Wells Fargo Asset Management International has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.02 billion for 15 clients. 32% of the firm’s clients are foreign persons or businesses.

Wells Fargo Asset Management International also advises several private funds.

Careers at Wells Fargo Asset Management International, LLC

The company employs 55 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Daniel Morris has been acting as President since 1 Jan 2018. David Bullock joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Wells Fargo Asset Management Holdings	Sole member	1 Jul 2017	75% - 100%	36-4863445
Catherine Jane Ibbotson	Chief compliance officer	1 Sep 2017	Other	6864186
Nancy Ann Wiser	Director	1 Nov 2017	Other	2575981
Andrew John Hunt	Director	1 Dec 2017	Other	6459916
Deirdre Elizabeth Flood	Director	1 Dec 2017	Other	5226285
Jonathan Rhys Hill	Director	1 Dec 2017	Other	6931859
Daniel Morris	Director	1 Jan 2018	Other	6931857
David Bullock	Director	1 Jan 2018	Other	6779717
Andrew John Hunt	Director	1 Jan 2018	Other	6459916
Deirdre Elizabeth Flood	Director	1 Jan 2018	Other	5226285
Nancy Ann Wiser	Director	1 Jan 2018	Other	2575981
Jonathan Rhys Hill	Director	1 Jan 2018	Other	6931859

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Wells Fargo & Company	Shareholder	1 Jan 2009	75% - 100%	41-0449260
Everen Capital Corporation	Shareholder	1 Jul 2017	75% - 100%	36-4019175
Llc Wfc Holdings	Shareholder	1 Dec 2017	75% - 100%	41-1921346

Based in London

The principal office where Wells Fargo Asset Management International, LLC performs its advisory services is located at 33 King William Street, London, Ec4 R 9 At, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 44-203-942-8000 or by fax 44-203 014 1190. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at wellscap.com.