Wells Fargo
Judge Delays Sentencing of Former Merrill Broker Tom Buck
The “top” Indiana producer who admitted to $2 million of client overcharges get another temporary reprieve.
Wells Promotes John Alexander to Run Advisor Branch Network
Reorganizes Wells Fargo Advisors’ management structure in “simplification” move aimed at decreasing bureaucracy and reducing costs.
EXCLUSIVE: Wells Ups Recruiting Deals to Replenish Diminished Brokerage Force
Wells Fargo Advisors is offering as much as 275% of 12-month revenue to producers around $500,000 and 325% to those at $500,000 and above.
First Republic Hires $4.7 Mln Wells Team in San Diego, Reports 18% Wealth Asset Rise
San Francisco-based bank’s aggressive recruiting of wirehouse advisors helped fuel jump in wealth management assets last year.
Wells Fargo Advisors’ Brokerage Count, Client Assets Fall
More than 100 brokers, net, left during the last three months of 2018, representing the lowest advisor attrition rate of the year for the scandal-plagued bank.
Wells Fargo Opens RIA Channel with First ‘Breakaway’ Broker
Pennsylvania advisor who had been with Wells Advisors’ private client group for more than 15 years joins the bank-owned broker-dealer’s new custody channel.
Judge Denies Wells’ Bid to Quash Brokers’ Overtime Claims
Three former brokers can bring a class-action claim for overtime pay they allegedly earned as trainees in a non-Finra forum.
RBC Grabs Three Teams Managing $1.3 Billion, FA Skates Back to UBS
Royal Bank of Canada nabbed two Minnesota teams from UBS with $854 million, and a third $429-million team from Wells, but one advisor was lured back.
2019 Comp: Wells Fargo Advisors Clips Payout to Low Producers
Apart from a cut to experienced advisors at the bottom of the food chain, firm keeps changes to a minimum for the more than 9,000 brokers in Private Client Group.
Ex-Wells Fargo Broker Wins $750K, More Than Triple His Core Comp Claim
New York City advisor who was shifted from a Wells bank branch to a brokerage office accused the bank of confiscating his and a partner’s deferred comp, growth award and lost opportunity costs.
EXCLUSIVE: Wells Advisors to Keep Key Pay Component Unchanged–Sources
Monthly production hurdle that Private Client Group brokers must hit before qualifying for 50% payout won’t jump, as bank-owned broker seeks to reassure its troops.