SAN FRANCISCO – First Clearing today announced that the Retail Equity Sales and Trading Business arm of Brean Capital, LLC, has joined its platform for clearing and custody services, marking a return to First Clearing where the business previously operated under the FIG Partners name from July 2003 to May 2019.
Through the agreement, Brean Capital’s Retail Equity Sales and Trading business will have access to First Clearing’s clearing, custody, and technology capabilities to support its advisors and clients while maintaining its independent brand and client relationships.
This announcement reflects First Clearing’s commitment to investing in its platform to best serve a range of advisor practices, whether they are broker-dealers or registered investment advisors.
“Brean Capital has built a strong Retail Equity Sales and Trading business, and we’re pleased to support its next phase of growth,” said Leeann Markovitz, Head of First Clearing at Wells Fargo. “We are proud to provide a comprehensive platform, experienced service teams, and the clearing, custody, and technology capabilities that can help its advisors and clients operate with efficiency and confidence.”
Eric Lawless, Head of Equity Sales and Trading at Brean Capital, added, “We are excited to have the Retail Equity Sales and Trading division of Brean Capital join the First Clearing Platform. We had a great experience with this firm in previous years, and we are confident that our new relationship will help our business continue to grow,”
Established in 1983 as part of the Wealth & Investment Management division of Wells Fargo, First Clearing provides a fully integrated offering including clearing, custody, technology, and practice support, designed to help firms scale their businesses while navigating evolving market and regulatory complexities.
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
About Wealth & Investment Management
Wealth & Investment Management (WIM) offers financial products and services through bank and brokerage affiliates of Wells Fargo & Company and is one of the largest wealth managers in the U.S., with $2.4 trillion in client assets. WIM provides personalized wealth management, brokerage, wealth planning, lending, private banking, trust, and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. WIM operates through advisors in Wells Fargo Advisors, independent brokerage offices, and digitally through Intuitive Investor® and WellsTrade®. Private Wealth is an exclusive and personalized service and product offering for qualifying clients of Wealth & Investment Management (WIM).
Bank products and services are available through Wells Fargo Bank, N.A. Wells Fargo Bank, N.A., is a bank affiliate of Wells Fargo & Company.
Investment products services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. WellsTrade® and Intuitive Investor®accounts are offered through Wells Fargo Clearing Services LLC.
About First Clearing
First Clearing is a premier clearing and custody services business, serving broker-dealers and registered investment advisors nationwide. Through its affiliation with Wells Fargo & Company, First Clearing provides access to resources that help firms grow and deliver exceptional client experiences. Learn more at: www.firstclearing.com.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 38 on Fortune’s 2026 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
Contact Information
Media
Madison Bean
Madison.Bean@wellsfargo.com