Alternative Trading Systems Notice to IRA and ERISA Accounts
Wells Fargo Bank, N.A. (WFBNA), as part of its on-going efforts to provide best execution to its clients, frequently uses electronic communication networks, alternative trading systems, or similar execution systems or trading venues (collectively, “Alternative Trading Systems”) for transactions involving the purchase or sale of securities or other property. This notice is designed to give Individual Retirement Account investors and retirement plan clients information about WFBNA’s use of such systems.
The Alternative Trading Systems to which WFBNA directs IRA and ERISA client order flow:
- Are subject to applicable Federal regulation and oversight (or to a foreign regulatory entity’s regulation and oversight);
- Generally match purchase and sale orders either (1) by rules designed to find the best price available or (2) by not taking into account the identity of the parties involved in the transaction
Below please find a list of Electronic Communication Networks, Alternative Trading Systems or similar Execution or Trading System to which WFBNA may direct trades (including without limitation):
- Bloomberg
- Bonds.com
- ICE BondPoint
- ICE TMC Bonds
- Tradeweb Direct
- MarketAxess
If you are an account holder and have questions about an account that is carried by Wells Fargo Bank, N.A, please contact your investment professional directly.
Investment and Insurance Products are:
- Not Insured by the FDIC or Any Federal Government Agency
- Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
- Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested
Wells Fargo Bank, N.A. ("the Bank") offers various banking, advisory, fiduciary and custody products and services, including discretionary portfolio management. Wells Fargo affiliates, including Financial Advisors of Wells Fargo Advisors, may be paid an ongoing or one-time referral fee in relation to clients referred to the Bank. In these instances, the Bank is responsible for the day-to-day management of any referred accounts.
Wells Fargo and Company and its Affiliates do not provide tax or legal advice. This communication cannot be relied upon to avoid tax penalties. Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.
QSR-11102025-6617207.1.1
LRC-0624
