Wells Fargo
Wells Fargo Expels Big Indie Team for Alleged Annuity Practices
Indiana-based Bison Financial principals now with Ameriprise lost their FiNet licenses because of “certain annuity processes,” regulatory filings say.
Big Midwest Group Shifts to Ameriprise Franchise from Wells Fargo’s FiNet
Wells reportedly pressured Bison Financial to leave, but permitted two of the Indiana-based firm’s eight offices to remain.
Wells Fargo Wealth and Investment Head David Carroll to Retire
Wells Fargo Securities head Jonathan Weiss will step in as head of the Wealth and Investment Management division.
Wells Fargo Lards Recruiting Deals as Rivals Turn Spartan
Wells Fargo grabs opportunity to replenish its experienced-advisor force by offering all-in bonuses approaching three times trailing 12-month revenue.
Wells Fargo Eliminates A-Shares, C-Shares from Retirement Accounts
Changes are announced to firm’s 15,000 advisors in advance of the DOL fiduciary rule that will become effective on June 9.
Finra Suspends Wells Broker for Taking Client Data from Former Employer
New Jersey-based broker charged with causing HSBC to violate privacy law by taking profiles of 328 clients with him to new job.
Smaller Brokerage Forces, Bigger Advisory Numbers
Banks assert that changing wirehouse culture bore fruit in the first quarter.
Wells Fargo Advisor Headcount Down 3% in Aftermath of Bank Scandal
Firm has lost a net 429 retail brokers in the last two quarters while money in Wells proprietary funds is off 12% from a year ago.
Wells Fargo Private Banking Duo Jumps to Merrill
Oregon team who managed more than $834 million at Wells and used to be with U.S. Trust join Merrill’s “PBIG”.
Ex-Wachovia Broker Beats Wells on Promissory Note Claim
Arbitrators call Wells “disingenuous” in arguing that an amendment extending a forgivable loan agreement benefited the broker and not the firm.
JP Morgan Loses Vet Broker to Wells, Shifts Role of Private Bank Manager
Ned Kennedy to run new HNW branch for Wells Fargo in Chicago; Jeremy Geller to lead strategy at JPM for lower-tier private bankers.