Wells Fargo & Company is headquartered in San Francisco, California and has a presence across the United States and overseas. Wells Fargo is currently a result of a 1998 merger between Wells Fargo & Company and Minneapolis-based Norwest Corporation. Wells Fargo is known as one of the "Big Four Banks" of the United States, alongside JPMorgan Chase, Bank of America, and Citigroup. Wells Fargo handles investment products through its subsidiaries, Wells Fargo Investments, LLC and Wells Fargo Advisors, LLC as well as through national broker/dealer firms. Wells Fargo serves high-net-worth individuals through its private bank and family wealth group. Wells Fargo Bank currently employs over 232K people and has assets under management in their Asset Managment division, (WFAM) totalling $603 Billion.