Wells Fargo Divisional Head Vanderveen Steps Down

Posted on January 7th, 2022 at 12:23 PM
Wells Fargo Divisional Head Vanderveen Steps Down

From the Desk of Jim Eccleston at Eccleston Law:

One of eight regional directors monitoring Wells Fargo Advisors’ private client group departed the firm last week after a leave of absence that lasted several weeks. 

According to a Wells Fargo spokeswoman, Keith Vanderveen has retired after spending the past two decades in management roles at the firm. Vanderveen had been promoted to be Southeast divisional manager last March. According to BrokerCheck, Vanderveen previously served as regional president for Wells’ Florida territory prior to March. 

Vanderveen likely ran into issues after a fired complex manager in Florida, Joseph Bruno, submitted a 4,500-word letter critiquing Vanderveen to at least 250 Wells employees and senior executives last September, according to sources familiar with the matter and as reported by AdvisorHub. While the firm did not publicly address the letter, the potential for controversy might have prompted Vanderveen to accelerate his retirement plans. Bruno was terminated last August over “workplace conduct inconsistent with Company standards relating to professionalism and anti-retaliation”, according to his Form U-5 termination notice. 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, wells fargo

Return to Archive

TESTIMONIALS

Previous
Next

I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

Howard S.

LATEST NEWS AND ARTICLES

January 27, 2026
FINRA Sanctions, Criminal Cases, and Industry Bars in 2025

AdvisorHub has compiled a year-end review of enforcement actions and criminal proceedings.

January 26, 2026
James Eccleston Named 2026 Super Lawyer in Securities Litigation

Eccleston Law announces James Eccleston's selection to the 2026 Illinois Super Lawyers list, continuing a track record of excellence since 2005.

January 26, 2026
FINRA Enforcement Actions for Reg BI Violations Surge Past 2024 Levels

The Financial Industry Regulatory Authority (FINRA) already has brought more Regulation Best Interest cases in 2025 than it did during all of 2024, according to statements from the regulator’s top enforcement official and a review of FINRA’s disciplinary records by AdvisorHub.