Wells Fargo
Wells Fargo Hits More Bumps as It Tries to Move Past Scandals
A federal judge said he’s not ready to sign off on Wells Fargo & Co. collecting $240 million in insurance payments from 20 bank officials in connection with the lender’s unauthorized-accounts scandal — even though the settlement was touted as the largest-ever of its kind.
Ameriprise Adds Wells Broker, Waddell Manager Leaves for RIA
Broker in Atlanta managed $222 million for Wells customers before jumping to Ameriprise while a Waddell’s Washington State manager joins an independent advisory firm.
Wells Fargo’s Other Post-Scandal Problem: Less-Productive Staff
Wells Fargo & Co.’s leaders have repeatedly assured the public its aggressive sales culture is gone after quotas led workers to foist unwanted products on clients. Now another problem is festering: low productivity.
Top Stories of the Week: Wells Polishes Succession Deals, Rockefeller Hires, and More
Most popular stories from 3/3 – 3/9.
RayJay Attracts More Morgan Stanley Brokers, Ameriprise Adds from Wells
Movement of brokers managing over $450 million in combined assets at wirehouses attests to thaw of recruiting freeze.
Wells Sweetens Succession Deals to Keep Clients and Brokers In-House
In bid to retain younger advisors and keep the clients of those who are retiring, Wells is offering buyers of books up to 100% of retiring brokers’ T-12 and dangling a bonus payment to retirees.
Sirianni: Wirehouse RIAs: The beginning of the end, or a new beginning?
Everyone is asking: Can a Wirehouse RIA work?
Lifelong Wells Broker Sues Firm for Age, Gender Discrimination
Sixty-nine-year old New York advisor alleges the firm retaliated against her for complaining that a manager favored younger, male brokers in distributing accounts.
Morgan Stanley Plays Musical Chairs with Managers
Shifts New York City manager Frank Novello to run a subcomplex in Boca Raton within days of moving another Big Apple manager to run its private wealth group in Chicago.
Top Stories of the Week: A Wave of Wirehouse Moves, Morgan Stanley C-Shares, and More
Most popular stories from 2/17 to 2/23.
Merrill Broker Dinged by Payout Penalties Goes Indie with Wells Fargo
Spokane, Washington, broker who says he generated $1.2 million in revenue but was penalized by failing to hit Merrill “growth-grid” targets has high hopes for life as an independent broker.