In The Matter of the FINRA Arbitration Between Wells Fargo Advisors, LLC, Claimant, vs.
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But Scott Wren, senior equity strategist at Wells Fargo Advisors, believes softer earnings won't pose much of a hurdle.
None comes close to Cornerstone's 20%-plus rates, which are "not reasonable or sustainable, " according to Ms. Bush of Wells Fargo Advisors.
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Registered Rep. reports that Wells Fargo Advisors boosted its sign-on deal for advisors just two weeks ago to 295% of trailing revenues from 195%.
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Much of what is Wells Fargo Advisors today is originally A.G.
Before he sets about adding more brokers to Wells Fargo Advisors, he should probably sort out the issues still lingering from the acquisition of Wachovia Securities.
Not surprisingly MSSB and Wells Fargo advisors had the greatest number of brokers who have considered leaving their firms to go work for themselves at an independent shop.
"If you keep throwing out more income than you can possibly make, someday your assets will go to zero, " says Mariana Bush, a closed-end fund analyst at Wells Fargo Advisors.
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From 2000 until her termination on January 3, 2012, Wiley was associated with Wells Fargo Advisors, LLC and its predecessor Wachovia Securities LLC, where she held General Securities Representative (Series 7), Investment Advisor (Series 66), and Futures Managed Funds Representative (Series 31) registrations.
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Retail brokerage units Bank Of America Merrill Lynch, Morgan Stanley Wealth Management, Wells Fargo Advisors and UBS Wealth Management have been losing client assets to regional and independent advisory firms across the country and that trend is going to continue over the next three years.
Berkeley, which she attended on scholarships, she took a job as a secretarial assistant at Wells Fargo Investment Advisors.
In addition to the banking assets it gained in the deal, Wells Fargo about gained 14, 600 financial advisors making it a brokerage giant overnight.
Advisors in partnership with Wells Fargo found that spending at small retailers in November showed a 5.2 percent year-over-year gain, outpacing the growth rate of total U.S. retail sales even amid the effects of Hurricane Sandy, which impacted stores hardest in the Northeast.
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Reuters reports that four of the new UBS advisors came from Merrill and another four from Wells Fargo.
Sure 2, 000 clients are merely a drop in the bucket for Wells Fargo which boasts over 13, 000 U.S. financial advisors, but will more such exits take place when new financial regulations are finally enforced in the U.S. and Europe?
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Advisors to the investment consortium were led by Lazard and included JPMorgan and Wells Fargo.
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Under Dodd-Frank reform there has been plenty of debate about whether all financial advisors including ones working at big wirehouse firms like Merrill Lynch, Morgan Stanley, Wells Fargo and UBS should operate under the fiduciary standard.
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