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High Quality Content by WIKIPEDIA articles! Wachovia Securities was the trade name of Wachovia Corporation's retail brokerage and institutional capital markets and investment banking subsidiaries. Following Wachovia's acquisition by Wells Fargo on December 31, 2008, the retail brokerage became Wells Fargo Advisors on May 1, 2009 and the institutional capital markets and investment banking group became Wells Fargo Securities on July 6, 2009.Wachovia Securities grew through the mergers of multiple companies. Its oldest predecessor company, Leopold Cahn & Co. was founded in 1879.