Revenue per rep rises but head count slips at Wells Fargo Advisors
Annualized revenue per adviser, a key industry metric, was $1.22 million at the end of March, up 4.3% from the end of last year.
Wells Fargo & Co.'s wealth and investment management group reported Thursday that its financial adviser head count continued to decline during the first three months of 2022, albeit at slower rate than previously, while its annualized revenue per adviser was up in a quarter when the broad stock
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