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Wells Fargo & Co.

Displaying 644 results

Topic

Wells Fargo combines private bank, ultra-high-net-worth units

Move comes as the bank aims to cut costs by $4 billion

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Wells Fargo considering sale of retirement-plan unit

The business could fetch as much as $1 billion, sources say.

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Wells Fargo boosts its count of improper foreclosures

The bank has also suspended fees on some wealth management assets and accounts after finding it charged some clients incorrectly

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  • November 6, 2018

Jay Welker, Wells Fargo head of wealth management, to retire

Mr. Welker and his division are reportedly being investigated for gender bias.

Topic
  • News
  • November 2, 2018

Wells Fargo Advisors loses $850 million hybrid RIA to Triad Advisors

Stonebridge Financial Group is the latest example of attrition from the wirehouse.

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Wells Fargo places two executives on leave

Move occurs amid regulatory investigations into the bank's sales practices.

Topic
  • News
  • October 22, 2018

Wells Fargo to pay New York $65 million over cross-selling practices

Bank says the settlement relates to product sales goals that were eliminated in 2016

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  • News
  • October 19, 2018

Wells Fargo Advisors to fire back against former brokers suing it

Firm intends to file counterclaim against two brokers who alleged they lost business in the wake of bank scandals.

Topic

Ex-Wells Fargo brokers sue for damages, claiming they lost business in wake of scandals

In a Finra arbitration complaint, two brokers allege that Wells Fargo's problems damaged their business.

Topic
  • News
  • October 16, 2018

Ex-Wells Fargo broker complaint wins class action status in fight over deferred compensation

Broker alleges he was cheated out of $200,000 in compensation protected by ERISA.

Topic
  • News
  • October 16, 2018

Wells Fargo team managing more than $239 million joins Janney

The team, called KSF Wealth of Janney Montgomery Scott, will join Janney in its Washington, D.C.,0 branch office.

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  • October 12, 2018

Wells Fargo loses more reps in Q3; total now more than 1,000 since banking scandal broke

The firm lost another 152 advisers in the quarter, and total adviser workforce is down 6.7% in past two years .

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  • News
  • October 10, 2018

Finra bars former Wells Fargo broker in Florida

Broker allegedly manipulated a client account to maintain his status for working with international clients.

Topic
  • News
  • October 10, 2018

After setting up phony accounts, ex-Wells Fargo broker stole money

Finra bars Thomas A. Davis, who worked in Hilton Head Island, S.C., for Wells Fargo Bank.

Topic
  • October 9, 2018

Baird adds $610 million by recruiting teams from Wells Fargo, Morgan Stanley

Addition of three veteran advisers brings Baird's 2018 recruiting count to 40.

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Tim Sloan hasn’t turned around Wells Fargo

Loans and deposits at Wells are down. Earnings, too, are expected to fall.

Topic
  • October 2, 2018

Benjamin F. Edwards & Co. has been picking off Wells Fargo brokers for years

Many of them previously worked at A.G. Edwards, the firm founded by the great-great-grandfather of Benjamin F. Edwards & Co.'s CEO.

Topic

Is the worst over for Wells Fargo Advisors?

The wirehouse has felt blowback from the bank's scandals in the form of lost advisers and assets. But is the tide turning?

Topic

Will Merrill Lynch leave the broker recruiting protocol?

The wirehouse has obviously noted its own lack of recruiting success this year, as well as the slowed attrition rates at its competitors that have exited the protocol.

Topic
  • News
  • September 25, 2018

SEC charges Wells Fargo adviser with defrauding clients out of $1 million

SEC complaint: John Gregory Schmidt sold securities from seven of his clients to cover shortfalls in 10 other accounts.