Wells Fargo Bucks Trend and Increases Signing Bonuses for Veteran Brokers

Posted on May 30th, 2017 at 11:18 AM
Wells Fargo Bucks Trend and Increases Signing Bonuses for Veteran Brokers

From the Desk of Jim Eccleston at Eccleston Law LLC:

Hurt by a recent bank scandal, Wells Fargo Advisors has decided not to follow in the footsteps of UBS, Merrill Lynch and Morgan Stanley, all of which have announced they will discontinue paying recruiting bonuses. Instead, and in order to ramp up its recruiting of veteran brokers in its wirehouse, Wells Fargo Advisors has decided to increase the amount of money it will offer.  

Eccleston Law stands ready to assist advisors in evaluating the competing approaches and recruitment deals as the firm represents reps nationwide in transitions.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & Arbitration, Strategic Consulting Services, Regulatory  Matters, Transition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, James Eccleston, Eccleston Law LLC

Return to Archive



Thank you so very much for your guidance, patience, and expertise.

Beth and Steve K.


May 17, 2024
Fidelity Advisor Files Lawsuit Alleging Wrongful Termination Over Whistleblowing

A former Fidelity Investments advisor, Michael Maeker, has initiated legal action against his former firm, alleging wrongful termination in response to his reporting of anti-investor sales tactics.

May 16, 2024
CFTC Investigates Banks for Potential Whistleblower Suppression

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into several banks, including JPMorgan Chase, Bank of America, and Citigroup, regarding potentially hindering whistleblowers from disclosing information, as reported by Bloomberg News.


May 15, 2024
NFA Issues Order Against 50.ai Investments LLC

The National Futures Association's (NFA) Business Conduct Committee (BCC) has taken action against 50.ai Investments LLC, a former NFA Member commodity pool operator and forex firm, for violating multiple NFA compliance rules.