Firm Description and Ownership Wells Fargo Advisors (“WFA”) is a trade name used by Wells Fargo Clearing Services, LLC (“WFCS”). WFA, whose predecessors span more than 150 years, is a leading national securities firm providing investment and other financial services to individual, corporate, and institutional Clients. It is a non-bank affiliate of Wells Fargo & Company (“Wells Fargo”), a publicly held company (NYSE: WFC), and financial holding company and bank holding company founded in 1852. Wells Fargo and its Affiliates are engaged in a number of financial businesses, including retail brokerage and investment advisory services.
WFCS is affiliated with Wells Fargo Advisors Financial Network ("WFAFN"), a broker-dealer also providing advisory and brokerage services. Information about the advisory and brokerage services offered by WFAFN is available by contacting them directly. WFA is also affiliated with Wells Fargo Investment Institute, Inc. (“WFII”), a registered investment adviser that provides advisory services and research to WFA.
The terms “Client,” “you,” and “your” are used throughout this document to refer to the person(s) or organization(s) who contract with us for the Services described here. “WFA,” “we,” “our,” and “us” refer to WFA together with our Affiliates, including but not limited to, Wells Fargo and its agents with respect to any services provided by those agents. “Affiliate” means any entity that is controlled by, controls or is under common control with WFA. Each Affiliate is a separate legal entity, none of which is responsible for the obligations of the other.
“Account” means collectively or individually any brokerage Account and/or any Advisory Program Account you have with us, including any and all funds, money, securities and/or other property you have deposited with us. “Securities and/or Other Property” means, but is not limited to, money, securities, financial instruments and commodities of every kind and nature and related contracts and options, distributions, proceeds, products and accessions of all property.
Types of Advisory Services We sponsor a number of wrap fee advisory programs that are designed to help Clients meet their investment objectives and goals. They include Unified and Separately Managed Account Programs, Mutual Fund Advisory Programs, Financial Advisor-Directed Programs and Non-Discretionary Advisory Programs (“Programs”). We also offer Consulting and Financial Planning advisory services. This Disclosure Document is being provided pursuant to Section 204 of the Investment Advisers Act of 1940 and deals solely with our Fee-Based Planning Services. Descriptions of the services and fees for the other Programs and services we offer can be found in separate disclosure documents, copies of which are available upon request.
Fee-Based Planning Services We offer personal planning and consulting services (“Services”) to both prospective and existing Clients under a Fee-Based Planning Services agreement (“Agreement”). Prior to providing this planning and consulting advice for you, your Financial Advisor (“FA”) will obtain information about you. Generally, we offer these Services to prospective or existing Clients with a minimum net worth of $250,000, inclusive of real estate and other assets you own held at other financial institutions. The types of information we obtain from you can include, but are not limited to:
• Your current financial situation, including the amount and nature of your assets and liabilities, the amounts and sources of current and anticipated income, the amounts and types of current and projected expenses (including education expenses), and insurance coverage.

• Your current and long-term financial and wealth transfer goals, objectives, and desires (including retirement goals); and
• Other information as relevant to your specific engagement.
The scope and duration of the Services and the fees that we charge will vary based on the complexity of your financial situation and your net worth (for the determination of fees). The descriptions of Services listed below are not exhaustive and are included to illustrate the typical areas included within each Service.
596409 (Rev 01 - 03/24)Page 5 of 13 Through Fee-Based Planning, you can elect to receive advice and recommendations related to the following Services: Cash Flow Analysis - Cash flow planning may include support in the budgeting process, debt management, planning around major purchases and associated financing options, home purchase and mortgage analysis, income planning, and reviewing potential tax considerations.
Education Planning - Education planning may involve support in reviewing educational goals, developing savings strategies and evaluating funding alternatives, education around financial aid, review of student loans options, debt repayment strategies and discussion of potential tax credits.
Retirement Planning - Retirement planning may involve support in identifying goals, developing savings strategies, education around federal benefits, reviewing employer-based stock benefits, and evaluation of distribution strategies.
Risk Planning

- Risk planning may involve the review of existing policies and needs for protection in case of disability, long-term care, or in case of death, as well as other types of insurance products, and assistance in the evaluation of employer benefit programs.
Wealth Planning - Wealth transfer planning may involve assistance in designing gifting strategies, reviewing potential estate and trust planning strategies, discussion of benefits related to property ownership and titling and beneficiary designation considerations.
Divorce Planning - Divorce planning may involve assistance with budgeting, calculating divorce payments, evaluating alimony and child support, potential tax credits or deductions, tracing of asset ownership, and future value calculations of retirement accounts and pension funds. Financial Advisors, or a member of their team, must have the Certified Divorce Financial Analyst® (“CDFA”) designation to be able to offer this Service.
Special Needs Analysis - Special needs planning may involve assessing current and future needs, retirement and long-term care planning, reviewing life insurance needs, discussions on availability and applicability of federal benefits, purpose of special needs trust, estate and beneficiary planning, as well as personal planning considerations for caregivers and families. Financial Advisors, or a member of their team, must have the Chartered Special Needs Consultant® (“ChSNC®”) designation to be able to offer this Service.
Sports and Entertainment - Sports and entertainment planning may involve reviewing employee benefits and retirement benefits, business planning, cash flow planning, assistance in navigating sudden wealth, guidance in developing an Investment Policy Statement and navigating around unknown career time horizon. Financial Advisors, or a member of their team, must have the Sports & Entertainment Accredited Wealth Management AdvisorTM (“SE-AWMATM”) designation to be able to offer this Service.
Our advice under this program may be delivered through meetings and other means of communication with you and may include written reports and materials that we prepare for you. At the end of the engagement, we will send you a Client summary letter (“Client Summary Letter”) that provides a synopsis of the advice provided to you over the course of the engagement and delivery of that Client Summary Letter will also serve as the termination of the specific engagement (unless you or we terminate the engagement before the completion of the Services).
We assume no responsibility for the accuracy or completeness of the information supplied by you that is used in the production of any written materials that are provided, if any. The accuracy or completeness of this information also may affect the results and any recommendations contained in our advice under this Agreement. Any written materials we provide are prepared by us based not only on your current financial situation and goals but also our understanding of current tax and other applicable laws and regulations and our advice and recommendations are as of the date the information is delivered, without an obligation to update this information after the term of this Agreement (unless we otherwise have agreed to provide updates).
Generally, our engagement with you ends upon the delivery of the Services you have selected and our delivery of the Client Summary Letter to you. Unless otherwise specifically agreed to by us, neither we nor your FA shall have duties or obligations with respect to (a) the implementation of our advice or recommendation and, without limiting the generality of the foregoing; (b) monitoring or updating any plan rendered during the course of the Services; and (c) we shall have no duty or obligation to provide investment advisory or investment management services to you that are outside the scope of the Services discussed above.
596409 (Rev 01 - 03/24)Page 6 of 13 Some planning tools and software are generally available to WFCS advisory Clients and prospective Clients at no additional charge. These tools are not intended or expected to replicate the Services described herein. However, depending on the specific circumstances of the Client or prospective Client, these standard tools could be sufficient for the particular needs of the Client or prospective Client. Before you engage us for the Services described herein, you should discuss with your FA how these Services are expected to be of value to you.
Services Tailored to Individual Client Needs The Services described in this document are tailored to you and designed to meet your needs. They are drawn from research and analysis we believe to be appropriate to your circumstances.
Portfolio Management Services We act as portfolio manager for certain wrap fee advisory Programs that we offer to Clients and collect a fee for performing that service. We do not act as a portfolio manager for the Services described in this brochure.
Assets Under Management As of December 31, 2023, we manage $393,205,902,257 of Client assets on a discretionary basis and $ 165,258,615,803 of Client assets on a non-discretionary basis.