Wells Fargo Advisors manages $524. The WellsTrade account has an annual fee of $30 per household. How to buy Treasury bills – USA TODAY Blueprint. Debt Consolidation Calculator: Estimate Your Savings …. Guidance from Financial Advisors the balance below $100 will trigger Wells Fargo Advisors to convert your Intuitive Investor account into a self-directed. The advisor is receiving. The advisory fee at Vanguard starts at 0. There is a maximum account fee of $300 per household, and most households have multiple accounts, company sources said. The company that offers the products compensates the advisor for recommending its financial solutions. 1 day ago · Currently, the average rate on an MMA in Bankrate’s dataset stands at 0. 30% if their Intuitive Investor brokerage accounts are linked to Wells Fargo Banks Portfolio by Wells Fargo, a checking relationship program. Our financial advisors’ compensation may be based on a combination of commissions and fees (cost) generated from a variety of products. The par value of the Treasury bill represents the actual value of the bill if it is held to maturity. 50% for its investment management programs, The firm’s fees tend to be higher than the industry average rates, which. Wells Fargo annual revenue for 2020 was $82. Wells Fargo Advisors Reviews. Wells Fargo Advisors’ cons Higher than average fees: With fees generally ranging between 2% and 2. #5 Best Value of 5 Beach Resorts in. Investment Product Fees When a professional advisor makes a financial recommendation, there are two parties that must be paid. Wells Fargo Customers Entitled To Billions In Settlement >Wells Fargo Customers Entitled To Billions In Settlement. Obtain other information about Wells Fargo Advisors and its financial professionals at BrokerCheck from the Financial Industry Regulatory Authority. The minimum account size for these programs is between $10,000 and $2,000,000. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. Our financial advisors’ compensation may be based on a combination of commissions and fees (cost) generated from a variety of products. Chip Lupo, Credit Card Writer. Understand account and service fees: Wells Fargo Advisors Schedule (PDF) Wells Fargo Advisors Financial Network Schedule (PDF) Investing insights. For example, some advisors charge per hour, while others charge a percentage of the assets they manage. range from an average of $54,502 to $147,147 a year. The advisory fee at Vanguard starts at 0. Wells Fargo Advisors administers more than $1. Average Wells Fargo Financial Advisor yearly pay in the United States is approximately $70,208, which is 8% below the national average. WFA held onto an equity, in one my accounts, that lost close to 70% in value from initial purchase. For accounts with market value of $25,000 or above: $75 For accounts with market value less than $25,000: $150 Processing fees 990-T tax filing and processing fee: $200 Handling/processing fee: $5. 1 billion and provides investment advisory services for 267,333 clients (1:110 advisor/client ratio). bank failure since the 2008 financial crisis and draw a line under. A debt consolidation loan is a common type of personal loan you can use to pay off numerous creditors and combine several debts into a single account. Another common way financial advisors charge clients is based on a percentage of the assets they manage for you. Therefore, its recommended to find an advisor whose fees make sense with your situation. Currently, the average rate on an MMA in Bankrate’s dataset stands at 0. All districts in Greater Accra region of Ghana. The company that offers the products compensates the advisor for recommending its financial solutions. Over 11,000 Advisors 2 Nationwide. How Much Do Wells Fargo Financial Advisors ChargeWells Fargo Advisors fees depend on the products and services you choose. Advisors who charge flat fees can cost between $2,000 and $7,500 a year, while the cost of advisors who charge a percentage of a clients account balance — typically 0. The fee can be avoided each fee period with $20,000 or more in statement-ending qualifying linked balances. CFPs charge an average of around $250 per hour, according to a 2020 study by Kitces Research. General Legal Council Judicial Service Administrative Block Supreme Court, P. Wells Fargo’s cash advance APR is currently 28. 8 trillion assets managed and around 12,000 Advisors nationwide 1. Wells Fargo charges a steep $95 fee to terminate an IRA account or to transfer the account to another broker. Wells Fargo Brokerage Account (2023)>How To Close Wells Fargo Brokerage Account (2023). Other Factors That Determine Your Approval Odds for a Wells Fargo Credit Card Keep in mind that the higher an applicant’s credit score, the higher their approval odds are likely to be. $30 per WellsTrade household. 35 percent annually ($5 to $35 for every $10,000 invested). 1, households will need $500,000 of assets in their accounts to avoid fees that typically are as. Advisors who charge flat fees can cost between $2,000 and $7,500 a year, while the cost of advisors who charge a percentage of a clients account balance —. Businesses can select from Simple, Choice Platinum and Analyzed. 9 billion and provides investment advisory services for 1,428,999 clients (1:85 advisor/client ratio). Through bull and bear markets, weve. Wells Fargo Intuitive Investor charges an annual fee equal to 0. Salary information comes from 70 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. For example, some advisors charge per hour, while others charge a percentage of the assets they manage. Wells Fargo Customers Entitled To Billions In …. Salaries at Wells Fargo & Co. Brokerage Account Comparison. The estimated base pay is $70,439 per year. In addition, working with a fiduciary ensures the advisor puts your interests first instead of signing you up for investments with high commissions. So they charge YOU 1% on your cash!!! It is outrageous and should be illegal. To do so, you must. Saving tips for soaring college costs Get our free report. For example, if you transfer $10,000 to your new account. Wells Fargo Advisors, registered in 1990, serves 52 state (s) with a licensed staff of 16,822 advisors. Wells Fargo Advisors Financial Network Visit Site 314-875-3000. Wells Fargo Advisors manages $524. These percentages average around 1% per year (or 0. Wells Fargo Advisors has raised the asset level at which it waives an account fee. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Wells Fargo has on file. 9 trillion retail client assets under management. Wells Fargo Advisors Review. 10 Financial Planning Tips for Young Adults. However, most credit card balance transfers charge a one-time fee for the service. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. It is the third largest brokerage firm in the United States as of June 30, 2021 with $1. Salary information comes from 72 data points collected directly from employees, users, and past and present job. 2023 Wells Fargo Cash Advance Fee Info. Advisors who charge flat fees can cost between $2,000 and $7,500 a year, while the cost of advisors who charge a percentage of a clients account balance — typically 0. As customers deposit funds, the funds are swept to partner banks where the money is insured up to $250,000 per bank (including deposits already held in the bank), for a maximum of $1. Wells Fargo Advisors Review. What Is A Certified Financial Planner (CFP)?. The minimum account size for this program is $500. Wells Fargo Advisors Financial Network manages $103. Wells Fargo Mortgage Review; AmeriSave Mortgage Review; More Mortgage Lender Reviews; Taxes. Wells Fargo Brokerage Account Fees (2023) Wells Fargo brokerage fees schedule, commissions, stock trading cost, Wellstrade margin rates, investing account pricing, and hidden fees. Financial advisors can charge in multiple ways. Wells Fargo Advisors Visit Site 314-875-3000 add_a_photo Overall info 0. 95 Charged on most transactions as indicated on the confirmation you receive. Financial Advisor Fees vs. 1 Data as of September 30, 2022. Wells Fargo Advisers charged us $125/account! Both on IRA and Joint! 4 Beneficiaries x 2 accounts = $1,000 for closing what was two accounts This is totally outlandish and taking advantage of a situation that people dont know they are getting into! Do not die with a WF brokerage account going to multiple heirs!. Over 11,000 Advisors 2 Nationwide. Besides, the people of Tema are known to do fishing as an economic activity. Advisory accounts are not designed for excessively traded or inactive accounts and are not appropriate for all investors. Wells Fargo Bank Review 2023. Consumer and Business Fees – Wells Fargo. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. May 02, 2023 Wells Fargo Advisors Financial Network, registered in 2000, serves 52 state (s) with a licensed staff of 2,431 advisors. You’ll pay these fees regardless of which robo-advisor you choose. Because many brokerage firms offer their own funds, they also charge their own expense ratios and fees on those funds. Wells Fargo Bank, N. 50% for its investment management programs, The firms fees tend to be higher than the industry average rates, which generally fall between 0. Compare Our Services. Wells Fargo customers will pay an annual advisory fee of 0. These percentages average around 1%. Currently, the average rate on an MMA in Bankrate’s dataset stands at 0. employees with the job title Senior Software Engineer make the most with an average annual. GLC Secretariat: 2nd Floor, Ghana Law School, Accra. Wells Fargo annual revenue for 2021 was $82. Wells Fargo Advisors Financial Network, registered in 2000, serves 52 state (s) with a licensed staff of 2,431 advisors. There is a maximum account fee of $300 per household, and most households have multiple accounts, company sources said. If you have cash in your account (to pay bills and associated with a checking account) they take advisor fees from your CASH and they dont pay interest. Wells Fargo Advisers charged us $125/account! Both on IRA and Joint! 4 Beneficiaries x 2 accounts = $1,000 for closing what was two accounts This is totally outlandish and taking advantage of a situation that people dont know they are getting into! Do not die with a WF brokerage account going to multiple heirs!. Wells Fargo Advisors Reviews. On certain account types, fees are waived, including advisory and college. However, clients can easily avoid this fee in a variety of ways. 20% on account balances between $5 million to $10 million, 0. A WellsTrade household is comprised solely of WellsTrade accounts with the same ownership or address. Wells Fargo Advisors is a subsidiary of Wells Fargo, located in St Louis, Missouri. Wells Fargo Everyday Checking is a basic checking account with a complimentary debit card and check-writing privileges. The client will not receive a regular bill, but they will pay for the advisors. Our overdraft fee for Consumer checking accounts is $35 per item (whether the overdraft is by check, ATM withdrawal, debit card transaction, or other electronic means), and we charge no more than three overdraft fees per business day. The par value of the Treasury bill represents the actual value of the bill if it is held to maturity. More experienced advisors may charge higher fees as well. 2 days ago · The par value of the Treasury bill represents the actual value of the bill if it is held to maturity. Guidance from Financial Advisors the balance below $100 will trigger Wells Fargo Advisors to convert your Intuitive Investor account into a self-directed. Ave Maria Health & Wellness Resort. Wells Fargo Advisors fees depend on the products and services you choose. Wells Fargo Advisors Financial Network, registered in 2000, serves 52 state (s) with a licensed staff of 2,431 advisors. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. If the portfolio had only charged a 0. 1, households will need $500,000 of assets in their accounts to avoid fees that. Wells Fargo Advisors Raises Required Asset Level for Fee. While the term “fee-based” is often confused with fee-only, fee-based advisors operate much differently. More specifically, the Wells Fargo Active Cash® Card, the Wells Fargo Reflect, and the Wells Fargo Autograph℠ Card offer a minimum credit limit of at least. 1, households will need $500,000 of assets in their accounts to. Wells Fargo Customers Entitled To Billions In Settlement. If the portfolio had only charged a 0. For accounts with market value of $25,000 or above: $75 For accounts with market value less than $25,000: $150 Processing fees 990-T tax filing and processing fee: $200 Handling/processing fee: $5. The account features a $10 monthly service fee, which is waived if you. Wells Fargo Advisors has raised the asset level at which it waives an account fee. 80%, which would result in total payment of $12,435 with 60 monthly payments of. Typical funds might charge 0. In the future, households with $500,000 and less in retail brokerage assets could be charged the account fee; currently, Wells Fargo Advisors households can avoid the fee if they have $250,000 or. Wells Fargo Everyday Checking fees The Everyday Checking account has a $10 monthly maintenance fee, which can be avoided if the primary account holder is 17-24 years old or by: Maintaining a. The estimated total pay for a Financial Advisor at Wells Fargo is $128,515 per year. always standing by our clients. Advisory accounts are not designed for excessively traded or inactive accounts and are not appropriate for all investors. Intuitive Investor®Account Fee Schedule. These complimentary resources cover what they charge and much more. Wells Fargo Brokerage Hidden Fees (2023)>Wells Fargo Brokerage Hidden Fees (2023). bank failure since the 2008 financial crisis and draw a line under. Wells Fargo Financial Advisor Salaries in the United States. The details were released about a month after Wells Fargo entered into an agreement with the CFPB just before Christmas 2022. 50% for its investment management programs, The firm’s fees tend to be higher than the industry average rates, which generally fall between 0. Wells Fargo Everyday Checking fees The Everyday Checking account has a $10 monthly maintenance fee, which can be avoided if the primary account holder is 17-24 years old or by: Maintaining a. May 02, 2023 Wells Fargo Advisors Financial Network, registered in 2000, serves 52 state (s) with a licensed staff of 2,431 advisors. Wells Fargo credit card limits aren’t particularly high; the minimum credit limit offered is $1,000, though some cardholders have reported receiving starting spending limits as high as $14,000. Wells Fargo Advisors has raised the asset level at which it waives an account fee. Do-it-Yourself Investing. 50% fee, the final value would be $1. 3 million, with fees consuming only $216,000 over the life of the investment. * Data as of September 30, 2022, and is a combination of Wells Fargo Clearing Services, LLC (including its predecessor firms) and Wells Fargo Advisors Financial Network, LLC. Wells Fargo Advisors cons Higher than average fees: With fees generally ranging between 2% and 2. Wells Fargo Advisors Reviews. Advisor>Compare Personal Loans (2023 Options) – Forbes Advisor. Robinhood Cash Management Account Review – Forbes Advisor. Your personal fee structure will be based on the two types of services we provide: Investment advisory (percentage of assets held in your account) and brokerage (sales charge on each transaction). 52% APY, while the average rate you’ll find on a savings account with a $10,000 balance is 0. by Jerrys widow, 2/9/2023 Pros: None Cons: Estate processing dreadful and abusive customer service. Wells Fargo credit card approval odds are best for people who have good credit. Advisor>How To Minimize Investment Fees – Forbes Advisor. There are wire fees, bounced check fees, ATM fees, and even fees based on the number of deposits, checks, or ATM transactions in your account. Our financial advisors’ compensation may be based on a combination of commissions and fees (cost) generated from a variety of products. The details were released about a month after Wells Fargo entered into an agreement with the CFPB just before Christmas 2022. Ask about fees and commissions. There is no fee for stock or ETF trades, but some mutual. Find the advisor you trust. The average salary for a Financial Advisor is $58,000. These include stocks, bonds, derivatives, investment-company products, and insurance products (if they hold the appropriate state. Another common way financial advisors charge clients is based on a percentage of the assets they manage for you. Account minimums and fees Before opening an investment account, it’s. Wells Fargo Advisors>Brokerage Account Comparison. It’s a choice to consider in light of your investment needs, financial complexities, and personal preferences. Fee-only financial advisors are just one type of advisor you can work with. A financial advisor is available to you by phone between 8:30 a. Wells Fargo Advisors’ cons Higher than average fees: With fees generally ranging between 2% and 2. Wells Fargo Advisors is a subsidiary of Wells Fargo, located in St Louis, Missouri. 9 Monthly cost to manage a $5,000 portfolio: $1. Forty-four percent of Americans say that paying bills was one of their primary financial stressors, according to a 2021 survey by the National. Households comprised solely of one or more WellsTrade IRA accounts are subject to a $30 IRA Custodial Fee in lieu of the $30 Household Annual Fee. The Premier Checking account has a $35 monthly service fee. A debt consolidation loan is a common type of personal loan you can use to pay off numerous creditors and combine several debts into a single account. How To Close Wells Fargo Brokerage Account (2023). Expense Ratio Fees and Financial Advisor. You could receive a loan of $10,000 with an interest rate of 8. It is the third largest brokerage firm in the United States as of June 30, 2021 with $1. Wells Fargo Everyday Checking is a basic checking account with a complimentary debit card and check-writing privileges. But youll need to have at least a total of $250,000 in total balances in certain accounts at Wells Fargo to. You can request a Wells Fargo Autograph℠ Card credit limit increase by calling customer service at 1-800-642-4720. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. For online services and support you can call between 8 a. Follow the discussion Comment (1) Sort by: Last Activity Displayed next to your comments. The other is called a fee-based financial advisor. Wells Fargo Bank, N. Wells Fargo Premier Checking. offers various advisory and fiduciary products and services including discretionary portfolio management. Wells Fargo charges a Household Annual Fee of $30 for the WellsTrade program. Wells Fargo Advisors fees depend on the products and services you choose. The company said investors can now access the platform with a minimum investment of $5,000 with an annual advisory fee of 0. Therefore, all Wells Fargo credit cards require a credit score of 700+. In the future, households with $500,000 and less in retail brokerage assets could be charged the account fee; currently, Wells Fargo Advisors households can avoid the fee if they have $250,000 or. 1, households will need $500,000 of assets in their accounts to avoid fees that typically are as high. 9 billion and provides investment advisory services for 1,428,999 clients (1:85 advisor/client ratio). Wells Fargo credit card limits aren’t particularly high; the minimum credit limit offered is $1,000, though some cardholders have reported receiving starting spending limits as high as $14,000. 35% of your account balance, billed quarterly. Wells Fargo Advisors fees depend on the products and services you choose. If you have cash in your account (to pay bills and associated with a checking account) they take advisor fees from your CASH and they dont pay interest. Wells Fargo Advisors Financial Network manages $103. Based on 9 salary profiles (last updated May 02 2022). 2 Data as of September 30, 2022, and is a combination of Wells Fargo Clearing Services, LLC (including its predecessor firms) and Wells Fargo Advisors Financial Network, LLC. Wells Fargo Advisors’ cons Higher than average fees: With fees generally ranging between 2% and 2. Because many brokerage firms offer their own funds, they also charge their own expense ratios and fees on those funds. But you’ll need to have at least a total of $250,000 in total balances in certain accounts at Wells Fargo to. Third-largest full-service provider of retail brokerage services in the U. Wells Fargo Intuitive Investor Review 2023 – Forbes …. When you apply for a debt consolidation loan. This fee is often 3% to 5% of the debt you transfer. The estimated total pay for a Financial Advisor at Wells Fargo is $128,515 per year. How much does a Financial Advisor make at Wells Fargo in the United States? Average Wells Fargo Financial Advisor yearly pay in the United States is approximately $70,208, which is 8% below the national average. Enter dates to see prices. , member FDIC, is a bank affiliate of Wells Fargo & Company. The company said investors can now access the platform with a minimum investment of $5,000 with an annual advisory fee of 0. Treasury bills can be bought directly from the government for as little as $100 by participating in one of its regular T-bill auctions. Financial Advisors: How To. As customers deposit funds, the funds are swept to partner banks where the money is insured up to $250,000 per bank (including deposits already held in the bank), for a maximum of $1. Therefore, it’s recommended to find an advisor whose fees make sense with your situation. Wells Fargo Advisors Review (2023). Another common way financial advisors charge clients is based on a percentage of the assets they manage for you. One of the most annoying is the paper statement fee. Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U. Example: You might buy a T-bill with a par value of $1,000 that matures in 52 weeks and pay. Numerous other scenarios similar to. Fee-Based Financial Advisors. Wells Fargo Credit Card Approval Odds. 8 trillion assets managed and around 12,000 Advisors nationwide 1. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. This cash advance fee applied every time you get a cash advance using your credit card. The details were released about a month after Wells Fargo entered into an agreement with the CFPB just before Christmas 2022. 93%, an origination fee of $200, for an APR of 9. How much do Wells Fargo cash advances usually cost? Wells Fargo cash advances usually cost $10 or 5% of the amount of the withdrawn amount, whichever is greater. Wells Fargo Brokerage Account Fees (2023) Wells Fargo brokerage fees schedule, commissions, stock trading cost, Wellstrade margin rates, investing account pricing, and hidden fees. Numerous other scenarios similar to this in my accounts. Wells Fargo has five different options for personal checking accounts — Everyday, Preferred, Portfolio, Teen and Opportunity. Dedicated Financial Advisor. Robinhood Cash Management Account Review – Forbes Advisor>Robinhood Cash Management Account Review – Forbes Advisor. Depending on the type of account, or accounts, you open, your advisor may receive a flat fee, an hourly rate, a percentage of the value of the assets they manage, or commissions when you buy and sell investments. Wells Fargo credit card limits aren’t particularly high; the minimum credit limit offered is $1,000, though some cardholders have reported receiving starting spending. 2 Data as of September 30, 2022, and is a combination of Wells Fargo Clearing Services, LLC (including its predecessor firms) and Wells Fargo Advisors Financial Network, LLC. You could receive a loan of $10,000 with an interest rate of 8. Wells Fargo Premier Checking. The estimated total pay for a Financial Advisor at Wells Fargo is $128,515 per year. Wells Fargo Everyday Checking fees The Everyday Checking account has a $10 monthly maintenance fee, which can be avoided if the primary account holder is 17-24 years old or by: Maintaining a. THE 5 BEST Greater Accra Beach Resorts 2023 (with Prices). How Much Does A Financial Advisor Cost?. Buying T-bills through TreasuryDirect. The estimated additional pay is $58,076 per year. Being in debt can be a stressful experience. At Wells Fargo Advisors, there are a number of ways you can invest and interact with us, whether face-to-face, over the phone, or online. Wells Fargo Intuitive Investor Review>Wells Fargo Intuitive Investor Review. 1 billion and provides investment advisory services for 267,333 clients (1:110 advisor/client ratio). In the future, households with $500,000 and less in retail brokerage assets could be charged the account fee; currently, Wells Fargo Advisors households can avoid the fee if they have $250,000 or. Wells Fargo charges a steep $95 fee to terminate an IRA account or to transfer the account to another broker. WellsTrade® Commissions and Fees – Wells Fargo. Our financial advisors compensation may be based on a combination of commissions and fees (cost) generated from a variety of products. Dedicated Financial Advisor. The settlement includes more than $2 billion in reparations to. You can open a Premier Checking account with only $25. How do I increase my Wells Fargo Autograph Card credit limit?. Wells Fargo annual revenue for 2022 was $82. Wells Fargo revenue for the twelve months ending March 31, 2023 was $90. 46 Monthly cost to manage a $25,000. But you’ll need to have at least a total of $250,000 in total balances in. Tema Metropolitan district had 292,773 people in 2010 and is a relatively stable. While it might not seem like a big deal to pay someone $500 or $1,000 for a few hours of their time. The fee can be avoided each fee period with $20,000 or more in statement-ending qualifying linked balances. Use the Find an Advisor tool find a Financial Advisor near you. Through bull and bear markets, weve stood the test of time with one philosophy: our clients always come first. How Much Does a Financial Advisor Cost?. Heres you only single source to find out who is charging what for trust services: The 2023 edition of Americas Most Advisor-Friendly Trust Companies, alongside our cutting-edge Digital Dashboard™. UN-Habitat - A Better Urban Future / UN-Habitat. How To Minimize Investment Fees – Forbes Advisor. Overdraft fees are not applicable to Clear Access Banking SM accounts. Fixed Annual Percentage Rates (APR) range from 5. Wells Fargo Advisors Review 2023. Wells Fargo charges a Household Annual Fee of $30 for the WellsTrade program. Wells Fargo credit card limits aren’t particularly high; the minimum credit limit offered is $1,000, though some cardholders have reported receiving starting spending limits as high as $14,000. May 02, 2023. 140 years of service. This management fee is slightly above average for. Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U. Wells Fargo Advisors, registered in 1990, serves 52 state (s) with a licensed staff of 16,822 advisors. The fee can be avoided each fee period with $250,000 or more. Youll find our Financial Advisors in Wells Fargo Advisors office locations, in Wells Fargo Bank branches, and over the phone. Top 303 Wells Fargo Advisors Reviews. 30% for account balances less than $5 million, but it drops with higher balances. Wells Fargo Advisors provides investment advice and guidance to clients through over 12,000 Financial Advisors and referrals from more than 3,500 Licensed Bankers in Wells Fargo branches across the U. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. [1] The subsidiary was formerly known as Wachovia Securities until May 1, 2009, when it legally changed names following Wells Fargos acquisition of Wachovia Corporation. These include enrolling in electronic delivery for statements, having $250,000 or more in household balances, or linkage to a Wells Fargo checking account. These include stocks, bonds, derivatives, investment-company products, and insurance products (if they hold the appropriate state insurance licenses).