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Expert Review

Matt Fryar- The Hidden Fees, Disclosures & Lawsuits Exposed! (Update 2024)

1

Who is Matt Fryar (CRD#: 2856053)?

Since 1996, Matt Fryar has been employed as an advisor in finance with Wells Fargo Advisors. He is particularly focused on investing strategy, money management, and developing excellent customer relationships.

Fryar has over 20 years of experience in the investment industry and established the Fryar Personal Investment Management Company of Wells Fargo & Company Advisors into a five-member group comprising of professional Economic Consultants, customer colleagues, and a portfolio manager to help deliver outstanding service to their clients.

Matt Fryar’s major goal is to help those we serve to achieve their financial goals and streamline their financial lives.

The organization wishes to return more of our client’s most valuable asset, their time. Wells Fargo strives to achieve this via our broad strategy with a focus on customer service.

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About Wells Fargo Advisors:

Wells Fargo is a broker-dealer as well as an investment advising organization. Individuals, pension or profit-sharing plans, trusts, estates, charity organizations, corporations, governmental entities, educational institutions, and banks or thrift institutions are among its clientele.

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Wells Fargo Advisors History

Wells Fargo has been in business for more than 160 years, founded in 1852 by William G. Fargo. The company began operations in San Francisco, offering banking and quick delivery services. Its express business led it to become involved in the stagecoach business, and it eventually grew to own and run the world’s largest stagecoach operation, resulting in the Wells Fargo logo we see today.

Wells Fargo Advisors and Wells Fargo Advisors Financial Network, LLC, both of which are networks of independent contractor representatives, offer broker-dealer and investment advice services.

Services Offered by Wells Fargo Advisors

Wells Fargo offers investment advising services through both Wells Fargo Advisors and Wells Fargo Advisors Financial Network, which operates through a network of independent contractor representatives. Prospective consumers can receive a free introductory consultation. The company provides the following products and services:

  • Advisory services
  • Asset management
  • Brokerage services
  • Estate planning strategies
  • Retirement planning
  • Portfolio analysis and monitoring

Wells Fargo also offers comprehensive financial planning as one of its investment advisory services, though this service is not integrated with existing accounts and only includes creating a plan.

Investment Planning Process of Wells Fargo Advisors

The investment planning process at Wells Fargo focuses on the client’s long-term objectives. The Envision procedure is an eight-step procedure that the firm takes clients through. This entails determining your primary life goals and then developing an investment strategy and asset allocation to support those goals. 

According to Wells Fargo, clients’ Envision plans would consider not only their life goals, but also their education ambitions, assets and obligations, cash flow requirements, retirement planning needs, levels of acceptable investment risk, and asset allocation objectives.

First, clients will work with their advisor to outline their primary life goals and choose their ideal as well as acceptable goals.  The advisor will then assist the client in prioritizing their goals, which will be stress-tested using statistical modeling. Following the completion of these stages, the adviser makes a recommendation to the client, and the proposed asset allocation is adopted. Once everything is in place, the adviser will continue to track progress and collaborate with the client to adjust the plan as new goals and priorities emerge.

Fees Under Wells Fargo Advisors

Wells Fargo Advisors typically charges clients a percentage of assets maintained in an account. This charge includes investment advice as well as trading expenses. Clients of certain investment advising programs, on the other hand, are paid an asset-based fee as well as commissions on each trade executed. In this arrangement, the asset-based fee is frequently paid to a third-party manager who has been chosen to handle the client’s account. Wells Fargo receives commissions for any services provided.

Wells Fargo’s financial planning services are the only ones that do not follow one of these two cost models. Financial planning clients pay a one-time cost that covers only the financial plan.

All of the investment programs offered through Wells Fargo Advisors Financial Network, a network of independent contractors, are wrap fee programs. Fee rates vary by an advisory program, with total fees ranging from 1.50% to 2.50%.

What is SEC?

The Securities and Exchange Commission (SEC) in the United States is a federal government regulatory agency that works independently. Its main responsibility is to safeguard investors, ensure the securities markets operate fairly and orderly, and facilitate capital formation.

20/12/2023 Update
As of now, Matt Fryar has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.
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Matt Fryar Disclosures: BrokerCheck, FINRA, And SEC Reports

Anyone registered to offer assets or supply investment guidance must disclose customer complaints and conciliation, enforcement actions, job dismissal, filing for bankruptcy, and either civil or criminal legal processes. As a result, according to BrokerCheck reports, no disclosure events have occurred against Matt Fryar.

Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.

FINRA’s BrokerCheck

individual_2856053.pdf (finra.org)

SEC Litigations & Forms

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Source: Matt Fryar – SEC Site Search Search Results

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Matt Fryar Lawsuits, Legal Battles, & Disputes

When Matt Fryar is eventually involved in a scenario, you can learn more about it by following the directions that are provided below. A large portion of court cases filed in the United States of America is saved because of CourtListener, UniCourt, Law.com, Justia, Trellis Law, and Law360.

There might be more pending lawsuits against Matt Fryar which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Matt Fryar on these websites, you can contact the local authorities and check if they have a physical copy of any cases.

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Matt Fryar Complaints, Class Action Lawsuits & Legal Battles

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Matt Fryar using the websites down below:

You can contact the law firms mentioned above if facing issues with Matt Fryar or any financial advisor.

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Frequently Asked QuestionsFind the answers to your most common questions related to Matt Fryar & Wells Fargo Advisors

Where is Matt Fryar located?

Clive

What are Matt Fryar’s qualifications

Bachelor’s Degree in Finance

Is Matt Fryar facing any lawsuits?

No

Has Matt Fryar been charged by the SEC?

No

How do I contact Matt Fryar?

Linkedin.com/in/matt-fryar-cfp-5981b9181

Does Matt Fryar have any disclosures?

No

Which Firm does Matt Fryar work with?

Wells Fargo Advisors

What is Matt Fryar’s CRD Number?

CRD#: 2856053
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Better Alternatives To Matt Fryar (By Experts):Find the top 3 alternatives to Matt Fryar

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
Assets Managed
Pros
Cons
image 999
Summit Rock Advisors
#1 Rated Investment Advisor
Get in touch
Assets Managed
$19.9 Billion
Pros
0 Disciplinary Actions
1:2 advisor/client ratio
Cons
3 Conflict Laerts
Top Recommendation
image 1001
Fort Washington Investment Advisors
Best Customer Service In The Market
Get in touch
Assets Managed
$52.42 Billion
Pros
Good advisor/client ratio
Reputed
Cons
None
1625686851535
Fisher
Investments
Highest Rated On Independent Platforms
Get in touch
Assets Managed
$17.3 Billion
Pros
Fee-only
High overall rating
Cons
Several complaints on platforms
You can check out the top 10 financial advisors in the U.S. to learn more.

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