First Clearing
Financial ServicesMissouri, United States51-200 Employees
First Clearing is a clearing and custody services provider serving broker-dealers and registered investment advisors nationwide, headquartered in St. Louis, Missouri. The entity operates as a trade name of Wells Fargo Clearing Services, LLC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. It offers correspondent services to broker-dealers and registered investment advisors and does not provide services to the general public. With a workforce of 51-200 employees and revenue in the range of $50 million to $100 million, the company emphasizes relationship-based service and, through its Wells Fargo affiliation, provides access to resources to support client firms in managing their businesses. In 2019, First Clearing partnered with TradePMR, Inc. to assist Wells Fargo advisors pursuing independence start their own RIA firms, reflecting strategic growth activity.