Wells Fargo
Morgan Stanley Hires Three, Loses One in Restless South Florida Market
Teams joined from Wells Fargo Advisors and Merrill Lynch, while Raymond James lured another Morgan Stanley broker in South Florida on Friday.
Morgan Stanley Hires Wells Complex Manager for Seattle Post
Curtis Mason takes over as assistant complex manager of a branch with almost four times as many brokers as he had been managing in Oregon.
Wells Fined for Failing to Register Some Massachusetts Brokers
Wells Fargo’s broker-dealer agreed to pay $450,000 for failing to register almost 1,650 employees in the state.
Wells Moves: Two Teams Join from Merrill, Two Go Independent
Wells Fargo Advisors’ private client group lost a $300 million team to independence last week but kept a $285-million duo in-house at its FiNet unit and added Merrill teams in San Francisco and Missouri.
Merrill Fills Houston, Denver Manager Roles, Hires Wells Broker in W. Virginia
Slots two veteran field leaders into new complex roles in Texas Mountain division and hires experienced broker for branch that is part of new “community markets” business unit.
As Wells Fargo Seeks New CEO, Toll on Stock Hits $24 Billion
At Wells Fargo & Co.’s town hall meetings, executives have fielded countless questions from employees about efforts to resolve scandals that erupted almost three years ago.
This Week’s Top Stories: Ex-RayJay Broker Wins Expungement, Wells Cuts Complexes, and More
Most popular stories from August 11 to August 17
Wells Fargo Advisors to Cut Branch Complexes
In the latest chapter of its ongoing cost-cutting and cultural make-over, Wells is slimming a layer of middle-management by 15% across its network of brokerage offices.
Wells Fargo’s Fledgling RIA Channel to End Year with 11 Advisors
Bank is “thrilled” with its slow, steady progress in satisfying advisors who want to set up as registered investment advisers under the Wells clearing and custody umbrella, executive says.
Merrill Houston-Area Teams Leave, One to Wells and a Second to RIA
Three-million-dollar producers who spent their careers with the Thundering Herd wanted to stay with a wirehouse, while more junior team starts independent advisory practice.
Forgetting to Discuss Capital Gains with Clients Can Be Costly
Wells Fargo and a broker now with Raymond James are ordered to pay almost $170,000 for failing to disclose the “significant and unnecessary” tax impact of recommendation to sell out a stock position.
