Displaying 644 results
Broker recruiting gets ‘rational’
Big brokerage firms appear to have taken a break from their costly musical-chairs game of broker recruitment, according to executives and headhunters.
Big shake-up at big brokerage branches in New York
Wells Fargo Advisors, UBS, MSSB and Merrill Lynch made personnel changes this week
Wells Fargo earnings down in 1Q — but advisory biz sees big jump in profit
Wells Fargo may have seen a modest dip in income in the first quarter of the year, but its advisory biz saw a big jump in productivity -- and profit
Former broker hits Wells Fargo Advisors with discrimination claim
A former broker with Wells Fargo Advisors of St. Louis has sued the firm for sex discrimination.
$14M haul for Wells’ brokerage and wealth head David Carroll
The senior executive vice president in charge of Wells Fargo & Co.'s Wealth Management, Brokerage and Retirement Services Division made the bulk of his pay from an option award and a retention bonus.
Banks get a boost from annuities, with Wells Fargo leading the way
Fee income from annuity sales climbed at bank holding companies during the first three quarters of 2009, according to data from Michael White Associates LLC.
Citi, Wells looking to cash out taxpayers: sources
Citigroup Inc. and Wells Fargo & Co. are seeking to repay billions in federal bailout aid but so far haven't received permission from the government, people familiar with the talks told The Associated Press.
Bank of America’s TARP pay plan puts pressure on Citigroup, Wells Fargo
Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government's thumb. But don't expect it to happen anytime soon.
Wells Fargo Advisors exec headed for ING
Lynne Ford will join ING Financial Solutions, the revamped annuity and rollover business of ING Groep NV, as…
Prudential may pursue deal for ING’s U.S. retirement biz, a Wells analyst predicts
A Wells Fargo Securities analyst has speculated that Prudential Financial Inc. may target ING's U.S. retirement business as an acquisition.
A.G. Edwards scion branches out, expands into New York
Benjamin “Tad” Edwards IV, the great-great-grandson of Albert Gallatin “A.G.” Edwards, took another step toward expanding his own brokerage business with the launch of a branch in White Plains, N.Y. — one that will house a number of former A.G. Edwards Inc. advisers and employees.
Wells Fargo reports unexpected 4Q profit
Wells Fargo is seeing early signs of improvement in its lending portfolios as it reports an unexpected fourth-quarter profit.
Moneta Group adds $300M team from Wells Fargo
Moneta Group, a large financial planning and retirement benefits firm, has hired a team of A.G. Edwards Inc. veterans who last year produced around $1.3 million in revenue and managed about $300 million of client assets.
Wells Fargo’s multifamily practice adds staff
Wells Fargo & Co. today announced several hires in its multifamily-office business. Wells Fargo Family Wealth Group, the multifamily-office arm of Wells Fargo, said Patricia Armstrong has been made head of Family Dynamics, a consulting program within the practice which aims to help families work together and preserve wealth for the next generation.
Wells Fargo Advisors unveils bonus plan for brokers
In an effort to get its advisers to focus on snagging more assets from existing clients, along with…
Finra investigating Wells Fargo for possible Reg S-P violations
Finra is investigating Wells Fargo Advisors LLC to determine whether the firm of 16,000 advisers violated rules that protect private client information.
Withholding-tax rate of 25% goes into effect across Wells Fargo’s network
In an effort to harmonize its legacy payroll systems, Wells Fargo Advisors LLC has created a standard withholding-tax rate of 25% across its network of 12,000 employee brokers.
Rep who fought in Iraq sues his former brokerage
A veteran filed suit Friday against Wells Fargo Advisors for allegedly distributing his book of business to other brokers while he was in the Middle East.
Wells Fargo pays $4.5B in cash for Prudential’s stake in brokerage
Wells Fargo & Co. is shelling out $4.5 billion in cash for Prudential Financial Inc.'s slice of a brokerage joint venture it shared with Wachovia Corp.
Judge dismisses predatory-lending suit against Wells Fargo
A federal judge has dismissed the city of Baltimore's first-of-its kind lawsuit against Wells Fargo Bank N.A.
