John Peluso has been named president of First Clearing Correspondent Services, a registered broker-dealer and a non-bank affiliate of Wells Fargo & Co. With Wells Fargo for over 20 years, Peluso most recently led the independent channel, Wells Fargo Advisors Financial Network, growing the business to 1,100 financial advisors, more than $55 billion in client assets, and over $600 million in revenue. Peluso also served as a managing director in the private client group and was the national director of Profit Formula.
First Clearing is a provider of correspondent services to broker-dealers. Investment products and services are offered through Wells Fargo Advisors, LLC.
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