The Financial Advisor does not provide investment advice or brokerage services to Bank accounts, but does offer, as applicable, brokerage services and investment advice to brokerage accounts held at Wells Fargo Advisors. This may present opportunities to avert headaches and heartaches down the road. Wells Fargo Wealth Management and Wells Fargo Private Bank provide products and services through Wells Fargo Bank, N.A. For the 23 years that I worked for Wells Fargo Capital Finance my job entailed traveling and being away from home 2 weeks a month and sometimes 3. Complete this form to establish or change the TOD benefciary designation on your Wells Fargo Funds account. The information and opinions found on this website have not been verified by our Firm, nor do we make any representations as to its accuracy and completeness. For parties residing outside of the U.S., this information is: (i) provided for informational purposes only, (ii) not and should not be construed in any manner as an offer to participate in any investment or to buy or sell any securities or related financial instruments, and (iii) not and should not be construed in any manner as a public offering of any financial services, securities or related financial instruments. Products and services listed may not be available, or may have restrictions, depending on client country of residence. The designation Certified Investment Management Analyst ... Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. and its various affiliates and subsidiaries. Note: Only accounts registered as individual, joint tenant (with rights of survivorship or tenants by the entirety) may designate a TOD benefciary. By linking to this Web site, Wells Fargo Advisors is not endorsing this third-party’s products and services, or its privacy and security policies, which may differ from Wells Fargo Advisors. Wells Fargo Bank, N.A. Trust services available through banking and trust affiliates in addition to non-affiliated companies of Wells Fargo Advisors. The publication is not all encompassing and is subject to change without notice. (the “Bank”) offers various advisory and fiduciary products and services including discretionary portfolio management. Avoidance of the probate process because the account transfers directly to the beneficiary by contract, not through a will. (the “Bank”) offers various advisory and fiduciary products and services including discretionary portfolio management. During your lifetime and after death, TOD assets are legally subject to your creditors' claims. The role of the Financial Advisor with respect to bank products and services is limited to referral and relationship management services. Although these accounts pass directly to the beneficiary and do not go through probate, if the executor does not have enough probate assets to pay the debts of the estate, creditors are entitled to claim some non-probate assets, including TOD accounts. PLEASE NOTE: By clicking on this link, you will leave the Wells Fargo Advisors Web site and enter a privately owned web site created, operated and maintained by a third-party, which is not affiliated with Wells Fargo Advisors or its companies. Wells Fargo Bank, N.A. The job was demanding but I enjoyed working with clients and gaining an understanding of many different types of businesses in manufacturing, distribution, mining and service based. NMLSR ID 399801. Wells Fargo affiliates may be paid a referral fee in relation to clients referred to Wells Fargo Bank, N.A. Wells Fargo Bank, N.A. Authors: Mindy Spencer, Senior Wealth Planner, Well Fargo Private Bank; Richard Britt, Fiduciary Advisory Specialist, Well Fargo Private Bank; Melissa Linn, Senior Wealth Planning Strategist, Well Fargo Private Bank, 1Source: Understanding Deposit Insurance, https://www.fdic.gov/deposit/deposits/. 222 0 obj
<>stream
Wells Fargo’s reputation as one of the world’s great companies for integrity and principled performance depends on our doing the right thing, in the right way, and complying with the laws, rules and regulations that govern our business. Work with your professional advisors, including your Wells Fargo relationship manager and Wealth Planning team, to consider your estate plan when opening new accounts or acquiring, divesting, or gifting assets. Whether you have a current estate plan, have an old one in need of an update, or intend to start the process tomorrow, an important consideration in implementing that plan is proper asset titling. 109 Wells Fargo Level 4 jobs. For example, if one child receives your investment accounts by TOD and another child receives your residence by will, the latter may not have sufficient liquidity to pay for their pro rata share since the TOD accounts are not included in the calculation. Investment products and services are offered through Wells Fargo Advisors. Financial Advisors of Wells Fargo Advisors may refer clients to the bank for an ongoing or one-time fee.