H.D. Vest Tops $5 Billion in Assets Held in Advisory Accounts

For Immediate Release

PR Contact: Susan Patrick
H.D. Vest Communications Consultant
(972) 870-6149
pr@hdvest.com
www.hdvest.com

IRVING, TEXAS (June 22, 2007) – H.D. Vest Financial Services^®, the oldest and largest independent financial services firm specializing in supporting tax professionals who offer investment solutions, announced today that assets under management in advisory accounts recently topped $5 billion. H.D. Vest Advisors raised $1.4 billion in new assets in advisory solutions during 2006, bringing the total assets under management for H.D. Vest Advisors to roughly $25 billion of which fee-based solutions make up 20%.

H.D. Vest began offering advisory solutions in 1987 and currently supports over 1,900 independent Advisory consultants in their system of 5,500 Advisors. H.D. Vest offers an advisory-only planning affiliation called VestConsult^SM for non-securities licensed Advisory consultants.

“We’ve seen a dramatic increase in advisory assets coming in over the last few years. I think it reflects the clients’ desire for more guidance and service from their Advisors. I think the market conditions after September 11, 2001, took many people out of the “do-it-yourself” mentality and made them look to someone they trust for advice. H.D. Vest Advisors are fortunate in that they have gained their clients’ trust as their tax preparer over the years,” said Roger Ochs, H.D. Vest president.

Although most of H.D. Vest’s 5,500 Advisors usually decide to offer both commission and advisory solutions to their clients, H.D. Vest’s training, products, services and support are available to those who want the flexibility of brokerage and fees or an exclusive fee-planning business model.

More information about affiliation options can be obtained at H.D. Vest’s website: www.joinhdvest.com.

About H.D. Vest, Inc.

Based in Irving, Texas, since its inception in 1983, H.D. Vest Financial Services supports an independent network of tax and non-tax professionals who distribute comprehensive financial planning solutions, including securities, insurance, money management services and Wells Fargo banking products. Approximately 5,500 independent contractors manage over $25 billion in assets for some 1.8 million individuals, families and small businesses in all 50 states. H.D. Vest became a non-bank subsidiary of Wells Fargo & Company in July 2001.

Securities offered through H.D. Vest Investment Services^SM , Member SIPC,
Advisory services offered through H.D. Vest Advisory Services^SM ,
non-bank subsidiaries of Wells Fargo & Company,
6333 N. State Highway 161, Suite 400, Irving, TX 75038 (972) 870-6000.