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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FINRA accused the advisor of unlawfully "structuring" a total of $77,560 by depositing cash into his bank accounts in amounts just below the $10,000 reporting threshold.
March 12 -
Massachusetts is probing whether the firm's wealth management unit steered clients toward inappropriate investments and high-cost accounts.
March 8 -
It's a sign the firm is still selectively hiring despite leaving the Broker Protocol last year.
March 8 -
Religious groups threaten to withdraw shareholder proposal on the bank’s decision.
March 7 -
The move comes at a bad time for the firm, which amid scandals and mounting regulatory scrutiny has lost more than 300 advisors in a year.
March 6 -
One recruiter says, "If I'm an advisor at Wells Fargo right now, I have to ask myself is this the firm I want to tie my future to?"
March 2 -
The beleaguered bank is reported to have been ordered by the Justice Department in late 2017 to conduct an independent investigation of the business.
March 1 -
Planners looking for fewer restrictions and regulation are steadily leaving wirehouses.
March 1 -
‘The firm gives advisors the ability to choose who they do business with and doesn’t put limitations on minimum account size,’ one advisor says.
February 28 -
The advisor fleeced the duo of nearly $1 million by misappropriating their stock holdings and initiating unauthorized wire transfers from their bank account, prosecutors allege.
February 26 -
The Raymond James affiliated firm has been aggressively recruiting from wirehouses in recent months.
February 21 -
The financial crisis hurt banks' ability to pay dividends — now they may be on a comeback.
February 15 -
The firm invested the widow's money in oil and gas securities, real estate investment trusts and other investments that did not square with her conservative risk profile, her lawyer argued.
February 13 -
A disaffiliation fee of $4,500 applies to advisors leaving the IBD, but the policy could change.
February 6 -
Ameriprise is looking to reverse a decline in its headcount.
February 6 -
The San Francisco-based firm is the third major U.S. bank in recent weeks to change its policies on pay transparency.
February 2 -
This is the second time in recent weeks that the firm has poached talent from the wirehouse.
January 31 -
The four-member group previously generated about $2.5 million in annual revenue.
January 31 -
Frequent recruitment adds to the firm’s bench after stemming an outflow of talent late last year.
January 30 -
The bank is removing hurdles to employee advisors switching channels among other recent initiatives.
January 30
