Article | 11.01.22
Wells Fargo Advisors Keeps Focus on Simpler Pay Plan for Advisors in 2023
Wells Fargo Advisors has introduced the 2023 compensation plan for its 12,011 financial advisors, in what its executives believe will be seen as a continuation of the effort to simplify pay at the firm and reward financial advisors. Sol Gindi, head of Wells Fargo Advisors, noted in an interview that the firm is revealing the pay plan in early November this year rather than wait until mid-December, an indication it wants the pay plan to be viewed with less mystery. The plan includes enhanced compensation targets for individuals and teams working in both the traditional private client group or as a bank advisor.
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