For Wells Fargo Advisors Financial Network, offering advisors more choice in terms of how they want to practice helped propel the business to a record year in recruiting in 2012.
The network, also called FiNet, hired 152 advisors last year, its second best recruiting year since that business was launched 11 years ago, according to Wells Fargo. The pace of recruiting was second only to 2009, when advisors transitioned at a record pace immediately following the financial crisis. In addition, FiNet added 67 new independent practices in 2012, bringing its total number of practices to 561. The FiNet business currently has 1,167 advisors and $63.4 billion in client assets.
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