WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC

Reporter ID: FNET • Quarter: 2026Q3 • Methodology: exq-3

Status: ACTIVE

Generated: Thu, 15 Oct 2026 22:32:20 GMT

Quarter:2026Q3

Covered Orders404,167Across all reported tiers

Covered Shares97,420,237In Q3 2026

Active Tiers88Order class × notional buckets

Routing Brokers0Disclosed in 606 filings

1. Amended Rule 605 Scorecard vs. Mix-Adjusted Peers — 2026-08

Execution metrics across order classes and the 24 notional × lot categories, benchmarked against what competing market centers delivered on identical symbols.

Class	Notional × Lot	Orders	Covered Sh	Fill Rate	PI Rate	NPI (bps)	Peer Bench (bps)	Coverage	Rank Pctl	Eff Spread	Speed <1s
Market	<$250 • Fractional	139	66	—	81.5%	9.0 bps	—	—	100th	—	99.2%
Market	<$250 • Odd Lot	19,108	61,311	—	98.0%	3.3 bps	—	—	17th	—	100.0%
Market	<$250 • Round Lot	36	10,723	—	—	—	—	—	—	—	—
Market	$250–$999 • Odd Lot	34,615	368,145	—	98.1%	3.1 bps	—	—	20th	—	100.0%
Market	$250–$999 • Round Lot	494	128,802	—	87.7%	17.0 bps	—	—	61st	—	100.0%
Market	$1k–$5k • Fractional	1	1	—	—	—	—	—	—	—	—
Market	$1k–$5k • Odd Lot	48,796	1,499,942	—	98.0%	2.9 bps	—	—	27th	—	100.0%
Market	$1k–$5k • Round Lot	8,627	2,203,565	—	93.1%	6.1 bps	—	—	41st	—	99.4%
Market	$5k–$10k • Odd Lot	11,983	592,920	—	97.7%	3.3 bps	—	—	46th	—	100.0%
Market	$5k–$10k • Round Lot	13,976	4,130,585	—	94.6%	4.2 bps	—	—	43rd	—	99.4%
Market	$10k–$20k • Odd Lot	3,932	215,618	—	97.0%	3.4 bps	—	—	46th	—	99.9%
Market	$10k–$20k • Round Lot	17,130	6,896,065	—	93.3%	3.2 bps	—	—	41st	—	99.0%
Market	$20k–$50k • Odd Lot	452	26,906	—	95.9%	2.4 bps	—	—	43rd	—	100.0%
Market	$20k–$50k • Round Lot	16,324	11,569,351	—	94.8%	3.0 bps	—	—	50th	—	99.5%
Market	$50k–$200k • Round Lot	8,444	15,401,397	—	87.3%	2.1 bps	—	—	56th	—	96.6%
Market	≥$200k • Round Lot	2,140	24,133,742	—	54.4%	0.3 bps	—	—	67th	—	73.6%
Marketable Limit	<$250 • Fractional	55	29	—	—	—	—	—	—	—	—
Marketable Limit	<$250 • Odd Lot	9	100	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Odd Lot	86	2,075	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Round Lot	23	21,473	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Odd Lot	206	9,358	—	86.9%	2.9 bps	—	—	60th	—	99.4%
Marketable Limit	$1k–$5k • Round Lot	233	138,554	—	56.5%	10.1 bps	—	—	77th	—	83.5%
Marketable Limit	$5k–$10k • Odd Lot	50	2,711	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Round Lot	471	419,284	—	55.5%	7.4 bps	—	—	81st	—	97.2%
Marketable Limit	$10k–$20k • Odd Lot	21	1,167	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	635	729,699	—	66.5%	4.7 bps	—	—	75th	—	95.8%
Marketable Limit	$20k–$50k • Odd Lot	4	243	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	648	1,161,737	—	62.0%	4.3 bps	—	—	85th	—	90.6%
Marketable Limit	$50k–$200k • Round Lot	369	2,372,371	—	46.4%	0.8 bps	—	—	51st	—	84.9%
Marketable Limit	≥$200k • Round Lot	120	3,661,522	—	35.2%	-0.8 bps	—	—	33rd	—	54.7%
Non-Marketable Limit	<$250 • Fractional	34	16	—	—	—	—	—	—	—	—
Non-Marketable Limit	<$250 • Odd Lot	26	231	—	—	—	—	—	—	—	—
Non-Marketable Limit	<$250 • Round Lot	3	450	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Odd Lot	291	4,989	—	100.0%	14.5 bps	—	—	47th	—	34.7%
Non-Marketable Limit	$250–$999 • Round Lot	49	20,929	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Odd Lot	464	15,678	—	100.0%	8.5 bps	—	—	32nd	—	40.0%
Non-Marketable Limit	$1k–$5k • Round Lot	278	145,233	—	100.0%	27.7 bps	—	—	61st	—	38.8%
Non-Marketable Limit	$5k–$10k • Odd Lot	155	7,591	—	100.0%	5.6 bps	—	—	23rd	—	55.4%
Non-Marketable Limit	$5k–$10k • Round Lot	384	416,665	—	100.0%	24.0 bps	—	—	75th	—	14.8%
Non-Marketable Limit	$10k–$20k • Odd Lot	51	2,726	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Round Lot	527	675,298	—	100.0%	14.3 bps	—	—	55th	—	25.2%
Non-Marketable Limit	$20k–$50k • Odd Lot	4	167	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	581	824,699	—	100.0%	10.8 bps	—	—	53rd	—	31.3%
Non-Marketable Limit	$50k–$200k • Round Lot	362	1,836,104	—	100.0%	11.7 bps	—	—	71st	—	23.9%
Non-Marketable Limit	≥$200k • Round Lot	92	831,102	—	—	—	—	—	—	—	—
Market	<$250 • Fractional	4	2	—	—	—	—	—	—	—	—
Market	<$250 • Odd Lot	14,792	22,116	—	99.0%	3.0 bps	—	—	60th	—	100.0%
Market	$250–$999 • Odd Lot	50,930	174,372	—	99.0%	3.1 bps	—	—	63rd	—	100.0%
Market	$250–$999 • Round Lot	1	100	—	—	—	—	—	—	—	—
Market	$1k–$5k • Odd Lot	74,544	980,173	—	98.9%	3.1 bps	—	—	69th	—	100.0%
Market	$1k–$5k • Round Lot	1,222	150,509	—	99.6%	2.0 bps	—	—	68th	—	100.0%
Market	$5k–$10k • Odd Lot	23,705	722,225	—	98.7%	3.1 bps	—	—	71st	—	100.0%
Market	$5k–$10k • Round Lot	3,173	522,983	—	99.3%	1.9 bps	—	—	72nd	—	99.9%
Market	$10k–$20k • Odd Lot	11,273	477,780	—	98.5%	3.3 bps	—	—	79th	—	100.0%
Market	$10k–$20k • Round Lot	8,464	1,285,583	—	98.9%	2.6 bps	—	—	71st	—	100.0%
Market	$20k–$50k • Odd Lot	1,939	87,690	—	98.7%	3.9 bps	—	—	81st	—	100.0%
Market	$20k–$50k • Round Lot	11,702	2,381,122	—	98.5%	2.8 bps	—	—	78th	—	100.0%
Market	$50k–$200k • Odd Lot	11	388	—	—	—	—	—	—	—	—
Market	$50k–$200k • Round Lot	5,970	3,157,502	—	97.3%	2.8 bps	—	—	77th	—	100.0%
Market	≥$200k • Round Lot	1,888	6,275,757	—	68.4%	1.9 bps	—	—	82nd	—	95.0%
Marketable Limit	<$250 • Fractional	1	0	—	—	—	—	—	—	—	—
Marketable Limit	<$250 • Odd Lot	1	1	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Odd Lot	19	207	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Odd Lot	83	1,554	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Round Lot	7	680	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Odd Lot	46	1,727	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Round Lot	13	2,722	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Odd Lot	20	964	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	37	8,422	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Odd Lot	7	273	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	58	22,883	—	—	—	—	—	—	—	—
Marketable Limit	$50k–$200k • Round Lot	38	28,646	—	—	—	—	—	—	—	—
Marketable Limit	≥$200k • Round Lot	38	180,464	—	—	—	—	—	—	—	—
Non-Marketable Limit	<$250 • Fractional	10	3	—	—	—	—	—	—	—	—
Non-Marketable Limit	<$250 • Odd Lot	7	15	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Fractional	1	1	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Odd Lot	249	1,471	—	100.0%	0.9 bps	—	—	3rd	—	43.5%
Non-Marketable Limit	$1k–$5k • Odd Lot	537	8,706	—	100.0%	3.2 bps	—	—	20th	—	44.2%
Non-Marketable Limit	$1k–$5k • Round Lot	27	3,307	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Odd Lot	193	6,021	—	100.0%	11.1 bps	—	—	95th	—	57.4%
Non-Marketable Limit	$5k–$10k • Round Lot	33	5,337	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Odd Lot	120	4,566	—	100.0%	4.6 bps	—	—	68th	—	59.9%
Non-Marketable Limit	$10k–$20k • Round Lot	101	13,029	—	100.0%	4.9 bps	—	—	81st	—	46.7%
Non-Marketable Limit	$20k–$50k • Odd Lot	23	761	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	207	49,966	—	100.0%	7.8 bps	—	—	90th	—	40.8%
Non-Marketable Limit	$50k–$200k • Odd Lot	1	35	—	—	—	—	—	—	—	—
Non-Marketable Limit	$50k–$200k • Round Lot	187	118,238	—	100.0%	3.5 bps	—	—	60th	—	37.4%
Non-Marketable Limit	≥$200k • Round Lot	57	180,600	—	—	—	—	—	—	—	—

2. Broker-Dealers Routing Here (Reverse 606 Index)

Firms directing customer order flow to this market center under SEC Rule 606(a), with route percentages and PFOF rates.

No broker-dealers identified routing flow to this market center in 2026Q3.

3. Rule 605 Report Files & Ingestion History

Published monthly execution quality data files crawled from vendor and exchange landing pages.

File Name	Month	Kind	Status	Fetched At	Source URL
aug-fnet-605.txt	202608	detailed	stored	2026-10-15T18:10:31.333230684+00:00	File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells

Tiers with < 100 covered orders

Missing Files

Months unretrievable

Methodological Caveats:

A venue's Rule 605 statistics describe all flow it handled, not this firm's orders.
606 route shares are per order, not per share, and list only the top 10 venues plus any venue with at least 5% of non-directed orders.
FINRA Rule 5310.09 also requires the firm's own order-level review of its executions.
This report is not legal or compliance advice.
Net price improvement is in basis points of executed notional (quote midpoint × shares). The PFOF comparison converts the difference to ¢/100 sh at the venue's average executed price; it is an estimate.
Brokers routing here reflect venue aliases as of the last crosswalk-venues run.

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