UPDATE 1-Wells Fargo mulls combining wealth management divisions [Reuters]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Reuters
Wells Fargo mulls combining wealth management divisions | Reuters Reuters Staff 2 Min Read (Reuters) - Wells Fargo & Co ( WFC.N ) said Monday it is considering restructuring and possibly combining two of its retail brokerage businesses, a move to increase efficiency among the two legacy units. The two divisions - the private client group overseen by David Kowach and wealth brokerage services overseen by Jay Welker - have long overlapped. Both employ financial advisers who work with mass affluent clients. However the businesses are organized in different channels. Wealth brokerage services, which employs brokers who work in bank branches, is in the same section of the bank as the private bank, which employs wealth managers who advise the ultra-rich. During the bank’s investor day conference in March, Jon Weiss, head of wealth and investment management, said Wells Fargo is exploring ways to increase efficiency among the bank’s wealth businesses. Wells Fargo Advisors spokeswoman Shea L
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Earnings
- 4/12/24 - Beat
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Sec Filings
- 4/17/24 - Form 424B2
- 4/17/24 - Form PX14A6G
- 4/16/24 - Form 3
- WFC's page on the SEC website