Wells Fargo Advisors

Arbitrators granted the wirehouse damages for payment of a promissory note but slammed the conduct of a “management-level employee.”

A judge’s decision puts new pressure on the brokerage industry watchdog and the SEC.

New role will oversee leaders and businesses of Wells Fargo Advisors Financial Network (FiNet), First Clearing, and the Registered Investment Advisor (RIA) custody business.

The multigenerational practice decided it was time to make the move.

Concurrent is catering to breakaway teams assessing their options after back-office frustrations during the coronavirus, co-founder Mike Hlavek says.

The advisor, who is Egyptian American, lost most of his client accounts to a white rep who poached them with support from management, a new lawsuit claims.

Ta is aiming to reduce turnover at Wells Fargo Advisors by revamping the succession planning program.

Financial Planning continues its four-part analysis of core compensation components at wirehouse, regional and national BDs.

A net 236 brokers left the wirehouse in the three months ending in March, the company said in its latest quarterly report.

Lisa Quadrini had worked with the practice during her earlier tenure with Merrill Lynch, and she’s now launching its new office.

The wirehouse picked up a 43-year veteran from its rival.

“As of today, Wells Fargo Advisors is not allowing solicitation of those two securities,” a spokesperson for the bank said Wednesday.

Alterations include higher hurdles for cash pay, a grid stretch for deferred compensation and new bonuses.

The former wirehouse team oversaw $1.15 billion and will staff a newly opened office for the regional BD.

He allegedly told his employer that he had been diagnosed with cancer, and took medical leave from June until September. Wells Fargo notified him that he was being let go while he was away, according to the complaint.

Charlie Scharf’s insensitive and factually incorrect remark perpetuates a damaging trope, financial advisor Lazetta Braxton writes.

It’s the latest team to exit the wirehouse as profit suffers.

Do RIAs still have a clear advantage when it comes to modern planning software?

“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.

“Overall there were not many positive data points to hang your hat on,” according to analysts. Advisor headcount, net interest income and assets were down.