Wells Fargo & Co. is looking to go head to head with wire houses that manage separate equity and fixed-income accounts for individuals.

To keep its clients from taking separate account business to firms like Merrill Lynch & Co., Wells will shortly unveil a wrap account, Wells Select, with a minimum investment requirement of $100,000, said Dennis Mooradian, a bank official.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.