Wells Fargo
Wells Fargo
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management.
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Before the injunction, Gary Carruthers is believed to have poached $24.3 million in client assets in breach of a nonsolicitation agreement.
October 31 -
Even as the firm puts pressure on lower-end advisors, it's making it easier for its top wealth managers to earn growth rewards.
October 16 -
Third-quarter results from Wells Fargo surpassed most analysts' expectations, thanks to surging investment-banking fees.
October 14 -
The latest lawsuit accuses the firm of not only failing to look out for clients' best interests but also failing to secure "reasonable returns" on money held in retirement accounts.
September 25 -
A FINRA settlement accuses the firm of failing to supervise a broker who recommended frequent purchases and then resales of various investment products.
September 13 -
A lawyer suing Wells and other firms argues the recent rate changes do nothing to repair harm already suffered by his clients.
September 10 -
A founder of Harbor Lights Financial Group said he and his partners scouted possible private equity buyers and decided LPL was the best option for preserving their firm's legacy.
August 8 -
Firms' practice of offering low returns on clients' uninvested cash is becoming the latest hot legal target.
August 1 -
Wells Fargo joins Morgan Stanley, Merrill and Ameriprise in facing questions over its handling of clients' uninvested cash.
July 31 -
Rising expenses from increasing asset values in client accounts also put a dent in the unit's bottom line in the second quarter.
July 12 -
Firms that haven't been afraid of generous recruiting offers have shown the greatest growth in recent years.
July 8 -
Huntington Investment Company is accusing a former advisor of resigning with no advance notice and then using confidential information to drum business from ex-clients.
July 2 -
Amid the painful backdrop of history and the scale of the present-day challenges, pro bono financial advisors are focusing on their clients.
June 25 -
Sources familiar with the case say Nicholas Takahashi's name surfaced on a Wells Fargo website long after he had left to work for a competitor.
June 13 -
An industry lawyer says the firm's liability in a complex insurance-related scam will hinge on what it "should have known" or "must have known."
June 6 -
The ban comes amid heightened regulatory scrutiny of firms' messages on services like WhatsApp and posts on social media sites.
May 15 -
Industry experts who track comings and goings at large firms say the advisor staff figures often obscure more than they reveal.
May 4 -
The first three months of 2024 were hard on Wells Fargo — particularly for its wealth management division.
April 12 -
Led by CEO Jack Ginter, Callan Family Office reached a milestone that he says will enable the firm to invest in technology and ultrahigh net worth advisor recruiting.
April 4 -
A pair of former wealth managers contend they were yelled at and suffered other retribution after raising concerns about sharing clients' information without their knowledge.
March 8
