Wells Fargo
Wells Flaunts Best Recruiting Month (by Revenue) in a Decade
Adding to its June influx, Wells says it hired seven advisors last week from two wirehouse competitors and two regionals cumulatively producing almost $6 million.
Veteran Broker Upset with Wells’ “Small” Accounts Policy Joins LPL
Colorado broker left Wells, where she spent more than half of her 38-year career, because of growing charges and its clampdown on small accounts.
Wells Nabs Two UBS Teams Producing $11 Million
$1.6 billion-asset Kansas group led by private wealth advisor Tom Freeman and Santa Barbara practice with $225 million of assets left UBS for Wells this week.
Baird Hires California Broker Wells Dismissed over Personal Cash Withdrawals
Steve Heng, who had been managing around $350 million at a bank branch, joined Baird on Monday, less than two months after his forced exit from Wells.
Wells Brokers Concerned About Clamp on ‘Small’ Accounts Move to Stifel
In other shifts from big to small, father-daughter team at Merrill in New Jersey join Janney Montgomery and a $400-million Merrill duo in Ohio join an RIA founded by a former colleague.
Wells Fargo Raises Some Revenue-Sharing Fees for Asset Managers
Fund companies will pay as much as $100,000 more to get access to brokers, though some support fees for administrative services are being lowered.
$3.5 Million UBS Broker Goes Indy, RBC Nabs Wells Vet with $250-Mln Book
A 40-year wirehouse veteran in Pittsburgh anticipates better client-outreach technology as a Dynasty-supported RIA while a veteran Merrill broker in Idaho managing $525 million says he’ll have more freedom within Raymond James’s employee channel.
Former Wells Broker Seeks to Vacate Order to Repay $256,000 Loan Balance
Michigan advisor claims arbitrator’s failure to initially disclose relation with Wells Fargo’s lawyers deprived him of due process.
Wells Names Barry Sommers to Head Wealth Division
New Wells CEO Charlie Scharf picks his former JPMorgan Chase colleague to head wealth and investment management division.
Wells Fargo Ties Senior Executive Pay to Improving Diversity
Wells Fargo & Co. Chief Executive Officer Charlie Scharf, who vowed last month to do more to improve diversity within the firm’s ranks, is tying executives’ pay to their progress in doing so.
Morgan Stanley to Reopen About 50 Branches Next Week
Wirehouse will allow brokers in about 8% of its branches to return to their offices after four months of working from home, but like many companies is unlikely to open in densely populated areas until 2021, executives say.
