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...