Wells Fargo spins heads and kills fax machines with radical plan to counter wealth management erosion by five-fold building of its IBD network -- even it if means cannibalizing its own advisors
Wealth CEO Barry Sommers tells Bloomberg its 1,600-advisor IDB will exceed 12,000-broker unit in five years, but internal one- to two-year wait-list will complicate effort, recruiters say.
Author Lisa Shidler October 11, 2023 at 2:59 AM
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Brooke Southall and Keith Girard contributed to the editing of this article.
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