07.28.23

Wells Fargo Cuts Wrap Fees for Advisory, Portfolio Management Programs

by: Nicole Jao

Wells Fargo has reduced the wrap fees that clients pay for its advisory and portfolio management accounts. Platform fees for Wells' Personalized Unified Managed Account and Financial Advisor and Client Directed Advisory Program, both advisory services offered by Wells Fargo Advisors, have been reduced to 5 basis points (bps) from 5.9 bps. Both programs offer clients mutual funds and exchange-traded funds, in addition to other investments.

Read the full article on Financial Advisor IQ