Wells Fargo has not too long ago unveiled its 2025 advisor compensation plan. The plan consists of quite a lot of small adjustments, that are designed to enhance the general compensation construction for advisors.
One of the vital vital adjustments is the introduction of a brand new tiered fee construction. Underneath the brand new construction, advisors will likely be paid the next fee fee on belongings beneath administration (AUM) above a sure threshold. This modification is designed to incentivize advisors to develop their enterprise and enhance their AUM.