Wells Fargo Advisors' head Mary Mack fills out her cabinet

Bob Vorlop and Joe Nadreau have been tapped to fill new executive roles focused on expanding the firm's technology platform and products
MAR 31, 2014
Mary Mack, who became head of Wells Fargo Advisors this year, is moving forward to expand her executive team. The firm has tapped Wells Fargo veterans Bob Vorlop and Joe Nadreau to fill two executive positions that Ms. Mack created last month when she split the Financial Services Group, which she previously led, into three parts. The two will be responsible for helping the firm forge ahead on major initiatives around expanding the firm's products and platform. Mr. Vorlop, who has been with Wells Fargo for 30 years, will be head of products and advice. He will be managing lending and banking services, advisory products, adviser recruiting, and branch manager development and retention. Mr. Nadreau will be heading up the Innovation and Business Strategy unit, which manages the operations and platforms that advisers use when serving clients. He moves into the new role as Wells Fargo is in the midst of converting its roughly 15,280 financial advisers in both its independent and employee channels to a new technology platform known as Smartstation 2.0, according to Wells Fargo spokeswoman Rachelle Rowe. Wells Fargo has been investing in the new platform as it looks to provide a more streamlined and unified method for advisers to review client accounts. The firm also is planning to redesign its tablet software and provide more security for its mobile apps, Mr. Rowe said. The upgrades mirror similar efforts at other firms such as Morgan Stanley's 3D platform and Bank of America Merrill Lynch's Merrill One, which was unveiled last year.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.