Wells Fargo
Wells Fargo Advisors Bleeds More Brokers
Wealth management unit of scandal-plagued bank lost a net 155 advisors in the first quarter while client assets fell during the quarter by $2 billion.
RBC Recruits from Wells and Alex. Brown in Wisconsin and Texas
Industry moves continue for firms that remain a part of the Protocol for Broker Recruiting.
Stifel Recruits Wells Veteran to Run New Jersey Complex
Tom Thives, who had been with Wells Advisors and legacy firms for 23 years, will oversee some 40 brokers in Florham Park and also try to expand satellite offices in Princeton and Ramsey.
Wells Ups Bounty for Headhunters in Short-Term Recruiting Push
Wells Fargo is offering recruiters a hefty 10% of a hired broker’s trailing 12-month revenue, up from about 6%, through the end of September.
Wells Fargo’s Wealth Boss Rebuts Report on Advisor Sales Bias
Wealth and Investment Management head Jon Weiss says brokers go no incentives or compensation for “simply opening accounts.”
Wells Fargo Sales Push Extended to Wealth Unit, Ex-Workers Say
Credit card and savings customers may not be the only ones who were misled by Wells Fargo & Co.
Wells Fargo Duo Goes Indie with RayJay in Upstate New York
After 20 years with wirehouses, broker disavows the employee brokerage model.
Bank-Affiliated Brokers Go 2-for-2 in Expungement Wins
Arbitrators tell J.P. Morgan to rewrite termination notice to exculpate a rookie broker from charge of referring loan prospects to another bank, while a Wells veteran wins expungement of charge that he altered a customer’s record.
UBS Manager in San Diego Flits to Wells, Returns a Week Later
Justin Steers, who jumped earlier this month after 22 years with UBS, appears to have been welcomed back with open arms.
Wells Fargo Boosts CEO Tim Sloan’s Pay 36% to $17.4 Million
Wells Fargo & Co. paid Chief Executive Officer Tim Sloan $17.4 million for 2017, a 36 percent increase from a year earlier, as the bank struggled to free itself from a string of scandals.
Ex-Wells Broker Seeks $2.4 Mln “Sunset” Payment After Losing His Book
Septuagenarian broker files arbitration claim after his Miami branch manager suggests he “start all over” after giving his accounts to his longtime partner following a 17-month medical leave.