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More turnover at top of Wells Fargo brokerage group

Wells Fargo is undergoing more turnover of senior executives at its brokerage group, Wells Fargo Advisors.

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Wells Fargo s regional cuts send mixed signals to advisors

The wirehouse announced Tuesday it was streamlining regional leadership, in a move some recruiters consider likely to blunt its plans to grow headcount.

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Wells Fargo unveils financial advisor compensation plan changes for 2021

Wells Fargo unveils financial advisor compensation plan changes for 2021
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Wells Fargo reps to jump higher hurdle in 2021 pay grid

Wells Fargo reps to jump higher ‘hurdle’ in 2021 pay grid The target to reach the higher payout will increase by $1,000 per month next year which could pinch adviser compensation December 10, 2020 2 MINS For the first time since 2014, Wells Fargo Advisors is increasing the dollar amount of revenue a financial adviser must produce to get a higher payout, meaning advisers could see a slight decrease in monthly compensation in 2021. The pay change is being unveiled today to Wells Fargo Advisors’ 12,908 reps and advisers and will take effect next month. The wirehouse is raising the minimum revenue amount, known as a hurdle in industry parlance, by $1,000 each month. Above that, advisers will receive a payout of 50% of fees and commissions charged to customers. Below the hurdle, the payout is just 22%.

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