WFC · News · 20260908N
Distribution Channels
WELLS FARGO & COMPANY/MN · 2026-09-08 · Importance 34 · Surprise 42
Wells Fargo Advisors experienced its second trading disruption in less than a week, requiring brokers to enter orders manually. The outage was attributed to an issue with an outside vendor that processes trades. The incident occurred four months after Wells Fargo launched Advisor Gateway, a billion-dollar technology overhaul, raising operational reliability concerns for its advisor channel.
Key facts
- Wells Fargo CFO Mike Santomassimo will present at the Barclays Global Financial Services Conference on September 15, 2026 at 8:15 a.m. ET. source
- Wells Fargo Advisors experienced its second trading disruption in less than a week, forcing brokers to manually enter orders. source
- A live webcast of the Barclays presentation will be available on the Wells Fargo investor relations website, with a replay accessible for three months afterward. source
- The California State Teachers Retirement System holds 384.5 million shares of Wells Fargo valued at approximately $31.77 billion. source
- The trading outage began on Tuesday and was attributed to an issue with an outside vendor that processes trades. source