Chief Executive Officer Charlie Scharf named Bill Daley, the former White House chief of staff, as vice chairman of public affairs to improve relations with Washington, the firm said Thursday in a statement.
Two brothers and a son producing about $4 million returned to Wells Fargo after a decade with the Thundering Herd.
Career UBS broker in St. Louis overseeing $235 million left after three decades on Friday, the same day that Wells Fargo Advisors team in Oregon managing $180 million switched.
One of the biggest-producing Wells Fargo Advisors private client group teams is launching their own firm under its Financial Network channel.
Wells awards three-advisor team branch status in its private client headquarters in St. Louis.
Rick Blosser, a Forbes Top 250 broker, left Wells’s private client group on Thursday to join a seven-year-old California registered investment advisory firm.
North Carolina broker with over three decades of experience is fired, fined and suspended for making unauthorized trades and writing that customer who died two days earlier gave him permission to do so.
A “President’s Club” member and an associate joined a registered investment advisory firm and another advisor signed up as a Wells Fargo independent broker.
Experienced brokers have grown household accounts on average by 27% versus last year, but Merrill is no longer breaking out its “experienced advisor” headcount.
Customer withdrawals from advisory accounts offset gains across Wells’ wealth division from higher market valuations and referrals to brokers from retail bankers.