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The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking.September 24
![Wells Fargo CEO Charlie Scharf quickly walked back his controversial comments in a lengthy statement to employees Wednesday in which he apologized “for making an insensitive comment reflecting [his] own unconscious bias.”](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
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The bank was seeking to overturn some $400,000 in attorney fees awarded to four advisors as part of a $2 million case.September 17
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Lower transaction costs can often come with higher expense ratios at the nation’s largest IBD.August 26
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It’s enough to frustrate star traders, leaving them vulnerable to poaching by hedge funds willing to pay more.August 12
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With higher compensation offers and a track record of independence, the No. 1 IBD is “challenging the status quo,” its head recruiter says.August 7
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The number of advisors registering with FINRA has fallen since 2016, as more planners elect a fee-only model.August 4
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The firm is dropping management fees on robo accounts with $10,000 to $50,000, turning to a minimal per-month charge instead.July 29
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In the first half of the year, the country’s largest pension system cast votes against pay plans at 1,165 firms, or 52% of portfolio companies that held votes.July 24
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A court ruling may also potentially help dozens of other advisors in their efforts to claim what they say is millions in deferred compensation they are due.July 21
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The list shows how firms of all sizes face a pivotal balancing act in seeking to recruit and retain advisors.July 20
![Wells Fargo CEO Charlie Scharf quickly walked back his controversial comments in a lengthy statement to employees Wednesday in which he apologized “for making an insensitive comment reflecting [his] own unconscious bias.”](https://arizent.brightspotcdn.com/dims4/default/4931f7a/2147483647/strip/true/crop/4368x2459+0+226/resize/460x259!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.amazonaws.com%2Fd7%2Fc1%2Ffbde9308449b9876620db6137643%2F336351924.jpg)
