by wachovia successor wells fargo advisors through wachovia securities founded 1887 defunct 2007 headquarters st. louis missouri usa products financial services website agedwards.com a. g. edwards inc. was an american financial services holding company ; its principal wholly owned subsidiary was a.g. edwards & sons inc. which operated as a full service securities broker dealer in the united states and europe . the firm was acquired by wachovia securities which later was acquired by wells fargo advisors . the firm provided securities and commodities brokerage investment banking trust services asset management financial and retirement planning private client services investment management and other related financial services to individual governmental and institutional clients . a.g. edwards was a member of the new york stock exchange and other major stock and commodities exchanges . the firm s global headquarters were located in the downtown west area of st. louis missouri . 1 the company traded on the nyse under the ticker symbol age . contents 1 history 2 benjamin edwards iii 3 references 4 external links history edit the company was founded in 1887 when albert gallatin edwards and his son opened for business in st. louis . it was the first st. louis brokerage to handle transactions on the new york stock exchange buying a seat on the nyse in 1898 . 2 because of increased capital needs for its branch system a.g. edwards was among the first brokerage firms to go public . on november 1971 445 000 shares of stock were offered to the public at 12 per share . 3 as of march 29 2007 the company had over 740 locations in 50 states the district of columbia london and geneva . the company served its clients through its branch office networks staffed with 6 618 financial consultants managing 374 billion in total client assets and 44 billion in fee based accounts . during its fiscal year 2007 ending february 28 a.g. edwards had net revenues of 3 110 500 000 and net earnings of 331 400 000 . 4 on may 31 2007 the company announced that it would be acquired by wachovia corporation in a 6.8 billion deal . 5 on september 28 2007 the company s shareholders voted in favor of the acquisition by wachovia . the acquisition closed on october 1 2007 and a.g. edwards became a wholly owned subsidiary of wachovia corporation . 6 following the acquisition wachovia moved the world headquarters of combined retail brokerage wachovia securities from richmond virginia to a.g. edwards previous headquarters in st. louis missouri . later wachovia eliminated the a.g. edwards brand in favor of wachovia securities . on december 31 2008 wachovia corporation was purchased by wells fargo & co after the bank was nearly taken over by the fdic . wachovia had purchased golden west financial and its subsidiary world savings in mid 2007 . the failure of the sub prime market which made up most of world saving s nearly 200 billion mortgage portfolio put significant strain on wachovia and eventually caused its collapse . on july 1 2009 wachovia securities was renamed wells fargo advisors and wells fargo investments which included the former a.g. edwards business lines . ag edwards & sons was vital to the rise of the 1996 nanuet braves . the team was built on power and speed all of which was accomplished due to the sponsorship of ag edwards . with out them the braves 3 year run atop nanuet little league would not have occurred . the braves finished the 1998 season as the tournament of champions winner . the best team in rockland county ny the lethal age & s dynasty also helped propel the careers of two future local college stars as they paved the way for young ball players across the nanuet landscape . they were well known for their black and white jerseys . 7 benjamin edwards iii edit former ceo benjamin edwards iii who presided over a.g. edwards as it grew from a st. louis regional brokerage firm into one of the largest in the nation died april 20 2009 at the age of 77 . references edit contact us . agedwards.com . archived from the original on 7 january 2007 . a.g. edwards a history a.g. edwards & sons inc. . agedwards.com . archived from the original on 4 january 2006 . financial highlights . agedwards.com . archived from the original on 4 april 2007 . news of acquisition by wachovia report about finalization of acquisition baseball america july 2003 sports illustrated august 2005 rockland hall of fame archives 2011 external links edit a. g. edwards archive v t e wells fargo history founders henry wells william fargo board of directors john stumpf chairman and ceo timothy sloan patricia callahan kevin rhein michael loughlin james strother richard levy david carroll michael heid david hoyt divisions wells fargo advisors wells fargo bank wells fargo financial wells fargo home mortgage wells fargo insurance services wells fargo securities historical components abd insurance & financial atlantic national bank a. g. edwards bache & co. bank of baltimore bank of north america bowles hollowell connor & co. century bank corestates financial crocker national bank evergreen investments first commerce bancshares first interstate bancorp first security first union florida national bank garden state national bank georgia railroad bank golden west financial halsey stuart & co. national bank of alaska norwest prudential securities southeast bank southtrust wachovia wachovia securities former components h.d. vest pamlico capital tillie the all time teller buildings one wells fargo center wells fargo center denver wells fargo center jacksonville wells fargo center los angeles wells fargo center minneapolis wells fargo center portland or wells fargo center sacramento wells fargo center salt lake city wells fargo center seattle wells fargo place wells fargo plaza el paso wells fargo plaza houston wells fargo plaza phoenix wells fargo center philadelphia wells fargo tower birmingham wells fargo tower colorado springs duke energy center 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