Wells Fargo reps to jump higher ‘hurdle’ in 2021 pay grid
![Wells-Fargo-to-freeze-raises-for-high-earners](https://s32566.pcdn.co/wp-content/uploads/2020/11/Wells-branch-masked-man_opt-1-951x634.jpg.optimal.jpg)
The target to reach the higher payout will increase by $1,000 per month next year which could pinch adviser compensation
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' 1
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