Clearing services backed by Wells Fargo for broker-dealers and advisors.
First Clearing is a clearing and custody provider for broker-dealers and registered investment advisors, operating as a subsidiary of Wells Fargo & Company. Its primary offering is a clearing platform that handles trade settlement, custody, and operational infrastructure for independently owned wealth management firms. Family offices that custody assets through an affiliated broker-dealer or RIA may interact with First Clearing's platform indirectly, though the firm targets broker-dealer relationships rather than family offices directly.
The firm's value proposition rests on access to Wells Fargo's institutional resources bundled into a clearing relationship. Partner firms receive:
With over four decades of clearing history and backing from one of the largest US financial institutions, First Clearing offers depth of product access that smaller independent custodians typically cannot match. The contact form data indicates the firm works with broker-dealers ranging from under $500 million to over $2 billion in AUM, across full-service retail, institutional, RIA, and independent contractor models. Pricing is not publicly disclosed. The platform is built for US-based broker-dealers and RIAs; international firms or family offices seeking direct custody relationships would need to evaluate whether a clearing-only model fits their operational structure.
Strong relationships are the foundation of success. We partner with wealth management firms nationwide, focused on delivering the expertise, resources, and technology they need to navigate an evolving financial landscape with confidence.
On First Clearing, from a family-office user
Built for Advisors / Wealth Advisors (RIA).
Dedicated client services phone line (866-786-4879) for account inquiries; separate contact form for broker-dealer inquiries; direct recruiter contact for RIAs and financial professionals.