Tagged with "FundFire"

Wells Fargo Considers Changes in Its Profit Formula Division

Posted on January 15th, 2016 at 8:41 AM
Wells Fargo Considers Changes in Its Profit Formula Division

The Profit Formula division of Wells Fargo has been around for decades and became a part of Wells Fargo as a part of its acquisition of Wachovia in 2008. The advisors in the program receive payouts of about 75%, far beyond payouts of other branch brokers, but like most independent brokers they are responsible for much of their overhead and other expenses. 

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