Updated Friday, August 28, 2015 as of 10:46 AM ET

Danny Ludeman Retiring as Head of Wells Fargo Advisors

After five years as head of Wells Fargo Advisors, Danny Ludeman announced on Friday that he will be retiring at the end of the year. He will be replaced by Mary Mack, who is currently the head of Wells Fargo Advisors Financial Services Group.

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