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