First Clearing is the trade name used by Wells Fargo Clearing Services, LLC, a non-bank affiliate of Wells Fargo & Company. It is one of the largest clearing firms in the United States, providing comprehensive brokerage, custody, and operational services to introducing broker-dealers and other financial institutions. Rather than serving retail clients directly, First Clearing acts as the "back-office" for its correspondent firms, handling trade execution, settlement, account maintenance, technology solutions, and regulatory compliance support. This allows its clients to focus on managing their client relationships while leveraging the infrastructure and stability of a major financial institution.

Founded in

United States