Wells Fargo Names New Growth Head for Independent Businesses
In a newly created position, Erik Karanik will oversee growth across Wells Fargo Advisors Financial Network (FiNet) and First Clearing.
Source: wealthmanagement.com
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Wells Fargo advisors jumping internally — to FiNet
Wells Fargo has turned to its independent advisor business, FiNet, as a way to hang onto advisors by having them move internally.
Source: investmentnews.com
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.
Source: investmentnews.com
Wirehouse CEOs muse about RIAs and competition
The wirehouse world historically has wanted next to nothing to do with RIAs, who have been siphoning off wirehouse teams for decades.
Source: investmentnews.com
Wells Fargo Q2 earnings rise despite lower headcount
The bank’s wealth management unit has “underinvested” in its online and independent divisions, CEO Charlie Scharf said.
Source: financial-planning.com