More changes at Wells Fargo Advisors, this time to management
The bank continues to cut costs and simplify its broad wealth management business. Just last month, Wells Fargo said it was selling its asset management business, with $600 billion in assets, to two private equity managers.
The 12,000 registered reps and financial advisers working at Wells Fargo Advisors on Thursday were told to brace for more change at the group, with the bank cutting the number of regions and managers from 12 to eight.
Such a move had been widely anticipated, as Wells Fargo Advisors and its paren
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