Tagged with "FiNet"

Wells Fargo Recruits First Adviser to Join Its RIA Channel

Posted on January 17th, 2019 at 9:46 AM
Wells Fargo Recruits First Adviser to Join Its RIA Channel

According to Wells Fargo Advisors, a Philadelphia-area advisor will be the first Wells Fargo private wealth employee to join the firm’s new registered investment advisor custody business.

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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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Rick R.

LATEST NEWS AND ARTICLES

April 18, 2024
SEC Fines Target Off-Channel Communications

The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.

April 17, 2024
B. Riley Financial Again Delays Filing Audited Results

B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.

April 16, 2024
Former Wells Fargo Advisor Accepts Industry Bar Amidst Misuse of Client Funds Allegations

A former advisor with Wells Fargo Advisors Financial Network (FiNet) in Chicago, Jayson R. Pocius, has agreed to accept an industry bar rather than cooperate with a
Financial Industry Regulatory Authority (FINRA) investigation into allegations of misusing client funds.