Wells Fargo Bank is a member bank of the FDIC. However, its brokerage products and services are offered through Wells Fargo Advisors. If your statement is telling you that your investments aren't FDIC-insured, you've invested in a brokerage product.
The safety of the investment depends on how you've invested. The insurance protection for brokerage services is to protect you against insolvency, not investment losses. The Securities Investor Protection Corp., or SIPC, is the agency that reimburses investors with assets in bankrupt and financially troubled brokerage firms to a limit of $500,000 per customer, including a maximum of $250,000 for cash claims.
But Wells Fargo Advisors has insurance over and above the coverage it has as a member of the SIPC. Still, it doesn't protect you against bad investment decisions.
Don't panic. Meet with your adviser and get an understanding of what you're invested in and the risks you face with that investment. If you can't get comfortable with how you're invested, get a second opinion by consulting with a fee-only financial adviser.
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