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Wells Fargo Investment Overview

Wells Fargo Investment Overview. Cambrian School District August 16, 2012. Wells Fargo Investment Overview. About Wells Fargo Advisors ƒThird-largest full-service provider of retail brokerage services in the United States*

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Wells Fargo Investment Overview

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  1. Wells Fargo Investment Overview Cambrian School District August 16, 2012

  2. Wells Fargo Investment Overview About Wells Fargo Advisors • ƒThird-largest full-service provider of retail brokerage services in the United States* • ƒRepresented by more than 15,000 Financial Advisors in 5,000 U.S. locations • Emerged from Wells Fargo & Company’s December 31, 2008 acquisition of Wachovia Corporation • ƒPredecessor brokerage firms include Wachovia Securities, LLC, and A.G. Edwards & Sons, Inc. * Based on number of Financial Advisors within Wells Fargo’s brokerage business.

  3. Wells Fargo Investment Overview Investment Policy Statement • Based on State Statutes 53600-53610 • Objectives • Safeguard Principal • Meet liquidity needs • Achieve a return on funds Beat return on LAIF over a 3-5 year period

  4. Wells Fargo Investment Overview Investment Policy Statement (cont’d) • Allowed Investments • Treasury Securities • Agency Securities • Fannie Mae • Freddie Mac • Federal Home Loan Bank • Others • Corporate Debt Securities rated A or better at time of purchase: limit 30% of portfolio • Certificates of Deposit: limit 30% of portfolio • Maximum maturity 5 years

  5. Wells Fargo Investment Overview History of Capital Projects Investment Account • Source of Funds – Sale of School Site(s) • 1994 approach to Prudential Securities to diversify away from LAIF and increase returns • Development of Investment Policy Statement • Move to A.G. Edwards in 2004

  6. LAIF vs. WFA Investment AccountAnnualized Quarterly Returns

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