Difference between Wells Fargo Bank and Wells Fargo Advisors
Wells Fargo Bank and Wells Fargo Advisors are related to each other (they both belong to the financial conglomerate Wells Fargo & Co). There are only some technical differences between both of them. One is a financial assisting company while the other is its subsidiary. How both are related to each other and how they are different from each other, we'll discuss here.
Wells Fargo Bank.[edit]
It is an American multinational bank providing financial services to its customers. It is the largest bank in America with over 5, 503 offices and one of the most important banks in the world. Wells Fargo has almost 2, 000 mortgage branches in the U.S. This bank also gives private loans to undergraduates for their academic expenses (student loans). Wells Fargo Bank also focuses on businesses loans and equipment financing.
Wells Fargo Advisors.[edit]
Wells Fargo Advisors is a subsidiary of Wells Fargo Bank and it is the 9th largest brokerage firm in U.S. They focus their services in helping their customers (whether by phone call or in person) by giving them financial advice that will help them settle some elements of their financial life, especially those regarding investments, saving plans, insurance, etc. They help their customers to elaborate plans according to the financial challenges people may encounter on their daily life.
| Header text | Wells Fargo bank | Wells Fargo Advisors |
|---|---|---|
| What kind of services do they handle? | Wells Fargo Bank is a bank. It provides all of the expected services by a bank: credits, checking accounts, loans, etc. | As for Wells Fargo Advisors, they provide advising in financial services, such as investments, life insurances, saving plans for educations and retirements, etc. |
| Headquarters | Headquarter is located in San Francisco, CA. | Headquarter is located in St. Louis, MO. |
Venn Diagram[edit]
