The regional broker-dealer is among the industry’s most aggressive recruiters.

“Everything’s on the table for consideration,” the bank's chief financial officer told investors. “He’s certainly not beholden to decisions that we made previously.”

“Wells Fargo does not appear close to putting its Washington troubles behind it,” Cowen analyst Jaret Seiberg wrote in a note.

Competitors such as Merrill Edge have taken similar measures on commissions.

Core payout rates for advisors will not change, but the wirehouse is making changes intended to spur advisors to focus on larger clients.

It has been a banner year for regional BDs as more than 400 planners joined the fold, according to hiring data analyzed by On Wall Street.

Some advisors may see their pay rise in 2020.

Scott Powell will oversee the bank’s relations with regulators as it seeks to shed a Federal Reserve-imposed asset cap.

Economic factors like changes to the tax code are behind nearly a quarter of all recent giving, according to a new survey.

Allen Parker led Wells Fargo during its six-month search for a new chief executive officer.

The hiring marks Charlie Scharf’s first major leadership appointment since he took over the embattled bank last month.

The regional BD has been picking off talent from its largest wirehouse rivals on its recent hiring streak.

Female-founded startups receive less that 3% of all global funding, a report found.

The strategy has in theory made no money for investors 42% of the time since 2018, new research shows.

Scandals and frayed relations with much of Washington have dragged on the stock for more than three years.

The bank has lost a net 1,300 advisors since a fake accounts scandal came to light three years ago.

Billy Ricketts is most likely the elder stateswoman of wealth management — but she and her grandson believed it was time for something new.

Charlie Scharf’s most immediate priorities include mending fences with regulators and getting the bank out from under a Fed-imposed asset cap.

Charles Scharf will replace interim chief Allen Parker at the bank.

The firm has argued that a demand for emails and other records by the agency earlier this year was unduly burdensome.