Wells Taps Former RBC Veteran, Two Insiders to Fill Regional Vacancies
After a three-month search to fill holes in its sales management structure, Wells Fargo Advisors has gone to two insiders and one external candidate to run three of its flagship private client group’s twelve regions, sources at the broker-dealer said.
Mary Sumners, who had spent her 27-year career as a registered rep with RBC Capital Markets and its Dain Rauscher predecessor in Minneapolis before leaving a year ago, will head the Northern region of the organization, they said.
Robert Samson, who has worked at Wells and its predecessor firms Wachovia Securities and Prudential Securities for his entire 22-year career, is taking the reins of the Midwest region. He has most recently been market manager for the “Chicagoland” complexes at Wells Advisors’ private client group.
In the Deep South, Wells tapped Joel Glasco to run a newly formed Atlanta region covering branches in Georgia, Alabama, Louisiana, Mississippi, the Pensacola complex and Tennessee, the sources said.
Glasco, who was market manager of the five-branch, 100-broker Charlotte, NC complex, has been with Wells by way of Wachovia and Prudential since 1987 according to his BrokerCheck history and his LinkedIn page.He began his 34-year brokerage career with E.F. Hutton in the early 1980s.
Wells reorganized regional oversight of its approximately 11,000 private client brokers in August amid a broader motivational effort amid the parent company’s fake-account scandal. Though it added the Atlanta region at the time and said it was moving its Northern and Midwest heads to new positions, managers learned of their newly elevated colleagues in recent days.
A Wells Fargo spokeswoman did not respond to requests for confirmation on the new managers, whose names have not been broadcast to the broader field, the sources said.
Calls to Sumners, Samson and Glasco were not returned. Sumners and Samson are expected to report to John Alexander, head of Wells’ “Advisor Led West” division, while Glasco will report to “Advisor Led East” division head Rich Getzoff. They assumed those newly created divisional posts in January.