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Bhavesh Rana

12 Years of Experience
Broker

Bhavesh Rana is a registered investment advisor at Allspring Funds Management, LLC, based in Mooresville, NC, with 12 years of industry experience. Bhavesh operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 12,065 clients with $320B in assets under management.

Compensation
Fee-Only (% of Portfolio)
Firm Size
86 advisors
Number of Clients
12,065 clients
Average Client Portfolio
$26.4M average
Assets Under Management
$318.0B

Fee Structure

Minimum Investment:$50K
Investment management only (planning not offered)

Allspring Funds Management negotiates investment advisory fees with each managed account program sponsor. These fees generally range from 0.07% to 0.75% of the value of the client's assets managed. The total annual fees charged by sponsors generally include Allspring's fee. Fees are generally payable quarterly based on the calendar quarter-end market value. Clients also pay the fees and expenses of the underlying investments.

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Location

Mooresville, NC

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Employment History
Current Registrations
Allspring Funds Management, LLC
July 2024 - Present · 1 yr 9 mos
Allspring Funds Distributor, LLC
July 2024 - Present · 1 yr 9 mos
Allspring Funds Distributor, LLCBroker
July 2024 - Present · 1 yr 9 mos
Previous Registrations
Morgan Stanley
August 2022 - September 2023 · 1 yr 1 mo
Morgan StanleyBroker
March 2021 - September 2023 · 2 yrs 6 mos
Metlife Investments Securities, LLCBroker
March 2018 - January 2021 · 2 yrs 10 mos
Wells Fargo Clearing Services, LLCBroker
October 2017 - March 2018 · 5 mos
Wells Fargo Clearing Services, LLCBroker
October 2011 - April 2017 · 5 yrs 6 mos
State Registrations53 states
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTVirgin IslandsWAWIWVWY
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.