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Wells Fargo looking to sell H.D. Vest: Sources
Said to be seeking buyer for brokerage and tax-advice firm; part of revamp of wealth management unit?
Retail-broker business enjoys rosy first quarter
First-quarter earnings at Wall Street firms with large financial adviser forces demonstrate that after two years of turmoil, the biggest players in the investment industry have righted themselves and are poised to build their businesses again
Wells Fargo to pay $11.2M in case of alleged overpricing
Home loan giant Wells Fargo & Co. has agreed to pay $11.2 million to settle federal securities charges involving mortgage-based investments that Wachovia Capital Markets LLC sold to the Zuni American Indian tribe and other investors
Alleged lack of records costs A.G. Edwards $755K in VA dispute
A.G Edwards, a unit of Wells Fargo, agrees to settle charges filed by Missouri regulators arising from the sales of variable annuities to seniors
Why doesn’t Wells Fargo expand its ‘Profit Formula’ — and why haven’t other firms copied it?
Are you familiar with the Wells Fargo Profit Formula program? It was designed and originally launched by Wheat First, the Richmond, VA based regional broker dealer bought out by First Union in 1997. Wachovia and First Union merged in 2001, and Wells saved Wachovia from collapse in 2009.
Wells Fargo on the prowl for wealth management buys
Wells Fargo & Co. may expand by taking over non-bank companies, including wealth-management or insurance businesses, chief executive officer John Stumpf said.
New York’s broker pay disclosure law not retroactive, court says
Insurance brokers don't have to disclose incentive arrangements with insurers that were entered into before New York state's disclosure regulation took effect Jan. 1, the New York Court of Appeals has ruled
Wells took up to 153 days to get prospectuses to mutual fund buyers: Finra
Wells Fargo wagon slow in getting info to clients, regulator claims; brokerage settles charges for $1M
Wells Fargo to pony up $11.2M for allegedly overcharging Zunis, other investors
SEC claims Wachovia unit charged excessive markups on CDOs in 2007
Wells Fargo and UBS at the table again?
Rumors have resurfaced that Wells Fargo & Co. is talking with UBS AG about acquiring the Swiss bank's retail-wealth-management operations in the U.S.
Wells exec: Fiduciary standard will ‘narrow’ choices
The head of Wells Fargo & Co.'s brokerage operations said last week that banks might reduce the number of investment products offered to customers if regulators impose a fiduciary standard on brokers
Wells Fargo’s Carroll: Fiduciary standard will ‘narrow’ investment choices
Wells Fargo & Co.'s head of brokerage operations said banks may reduce the number of investment products offered to customers if regulators impose a fiduciary standard on brokers.
Employee advisers rate Edward Jones best, MSSB worst in B-D satisfaction
Edward Jones is tops and Morgan Stanley Smith Barney LLC the worst in terms of financial adviser satisfaction at six national broker-dealers, according to a J.D. Power and Associates Survey released last Friday
Ex-Wachovia brokers accused of defrauding clients
Two former Wachovia Securities brokers tricked dozens of mostly elderly clients into investing in what were supposed to be can't-miss opportunities, only to lose roughly $8 million, according to a lawsuit filed by the Securities and Exchange Commission.
Wells Fargo loses arbitration appeal, told to pony up $1.1M
Firm ordered to pay legal costs of four former A.G. Edwards brokers
Wells Fargo snags $1.6M duo from MSSB
Wells Fargo Advisors has landed a $1.6 million in revenue team from Morgan Stanley Smith Barney.
War over Wachovia: Wells Fargo pays Citi $100M in settlement
Wells Fargo & Co. agreed to pay Citigroup Inc. $100 million to settle claims that the San Francisco-based bank improperly won bidding to acquire Wachovia Corp. during the financial crisis.
Wells Fargo loses another A.G. Edwards raiding case to Stifel
The suit is one of several arising between Edwards and its successor firms and Stifel as a number of Edwards brokers deserted ship in the wake of the 2007 takeover of Edwards by Wachovia Securities LLC.
Wells Fargo makes strides in its wealth management segment
Wells Fargo & Company on Wednesday reported mixed results for the second quarter of the year, although the bank continued to see modest improvement in its wealth, brokerage and retirement segment.
Why Wells Fargo and BofA are leaning on their brokerage businesses
Bank of America Corp. and Wells Fargo are pushing their customers to buy more brokerage, savings and banking services from them as the weak economy and new regulations make it harder to earn money from loans and investment banking.
