Wells Fargo
Morgan Stanley Sees Higher Wealth Profitability After Strong Quarter
Wirehouse raises profit margin goals, and CEO says it won’t be done through compensation grid changes.
First Republic’s 2019 Wealth Tally: Ten New Teams
The San Francisco-based bank ended 2019 with about 195 financial advisors, including a healthy round of recruits from wirehouses.
Wells Fargo’s Q4 Wealth Profit Fell 63%, Broker Count Slides
Wells Fargo Advisors had its best recruiting year since 2016, but advisor headcount fell by more than 450 over the past 12 months due to retirement and other attrition, a spokeswoman said.
Wells Extends Sweetened Recruiting Offers, Headhunter Bounties
Wells Fargo Advisors has told recruiters it will continue paying above-average fees for attracting brokers to any of its channels and will also maintain its sweetened deal for new advisors.
Wells Fargo Hires a Top RBC Broker Weeks After Her Dismissal
Chairman’s Club broker in Minneapolis who was dismissed by RBC over non-sales-related concerns after 28 years with the firm joined Wells late last year.
Wells FiNet Team with $189-Mln Book Shifts to Ameriprise
Four-advisor group in Bakersfield, Calif., stays independent with Ameriprise’s franchise division.
Ex-Wells Broker Fails to Overturn $475,000 Arbitration Loss
Florida advisor who claimed arbitrators improperly barred evidence about Wells’ alleged shifting of his customers to another part of the bank loses effort to vacate the decision.
Hilltop Securities’ Retail Head, Dave Geschke, Leaves Firm
Head of the Texas firm’s independent and employee channel was let go after heading the unit for about four years, sources said.
2020 Comp: Wells Adds More Large-Account Incentives for Brokers
Wells Fargo keeps production hurdles and grid rates unchanged, stretches some deferred bonus requirements and incents bank-based brokers to prospect.
$4.5-Mln Merrill Team in Texas Shuffles to Wells Fargo
Five advisors left the Thundering Herd near Dallas on Tuesday after seven years for the “advisor-led” employee channel of Wells Fargo Advisors.
Wells Fargo Joins Race to Zero Commissions
Wells follows Merrill Edge and an array of discount brokers in offering free trading to self-directed investors.
