The new name for Wells Fargo Investments is Allspring Global Investments.
Allspring Global Investments is the independent asset management firm that was formerly known as Wells Fargo Asset Management. This rebranding followed a significant transition, marking its establishment as a standalone entity in the financial industry.
About Allspring Global Investments
Allspring Global Investments manages a substantial amount of assets and operates with a focus on providing diverse investment solutions. The firm's origins trace back to 1995.
Here are some key details about Allspring Global Investments:
| Detail | Description |
|---|---|
| Founded | 1995 |
| Headquarters | Charlotte, North Carolina, U.S. |
| Key Person | Joseph Sullivan (Chairman and CEO) |
| Assets Under Management (AUM) | US$571 billion (as of June 2024) |
Transition and Independence
The change from Wells Fargo Asset Management to Allspring Global Investments represents a strategic move towards operating as an independent global asset manager. This transition allows the firm to leverage its expertise and scale to serve a broad range of clients, including institutional investors, financial advisors, and individual investors, with a comprehensive suite of investment products and services.
This evolution highlights a commitment to growth and a renewed focus on delivering value in the global investment landscape.
