Now that Wells Fargo has a plan, what’s in it for advisers?
Wells Fargo CEO Charles Scharf
CEO Charlie Scharf is making classic changes to streamline and reduce costs at Wells Fargo's Wealth and Investment Management unit, which houses Wells Fargo Advisors.
A year after taking over as CEO of Wells Fargo & Co., Charlie Scharf's plan for Wells Fargo Advisors, which has been losing advisers to rivals and retirement for years, and the bank's broader wealth management franchise is taking shape.
The strategy appears to be nothing new, but Scharf is e
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