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As Wells Fargo CEO Charles Scharf himself admitted, it’s an excuse — and a weak one.September 25
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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
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Bleakley Financial Group also picked up an ex-hedge fund portfolio manager while expanding its national footprint.September 22
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The seven advisors managed more than $450 million in combined client assets.September 22
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The number is behind previous years, but the firm’s new head of business development says independence is more appealing amid the coronavirus.September 21
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Choosing their own technology for clients was a big draw for the advisors, who affiliated with Kestra.September 18
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The No. 1 IBD has completed three of the sector’s 10 largest recruiting moves of the year.September 18
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Ameriprise, for example, has hosted more six times as many advisors virtually than it did in person last year.September 16
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It’s the latest team to exit the wirehouse as profit suffers.September 15
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The firm is targeting elite advisors who cater to high-net-worth and ultrahigh-net-worth clients.September 14
![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)
