Updated Friday, October 31, 2014 as of 9:41 AM ET

Wells Fargo Reels in 4 Advisors With $450M in Assets

Wells Fargo poached four advisors managing more than $450 million in client assets from rivals UBS and Morgan Stanley.

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Comments (1)
while this may add to the firm's bottom line eventually, the monies being paid to lure these advisors are coming from the firm's current advisors who see the annualcompensation cut by an increased hurdle,expenses to their net compensation, and if they have a registered associate working with them, get hit with an additiona hurdle, which further decreases their compensation
Posted by deane r | Thursday, June 19 2014 at 12:35PM ET
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