Wells Fargo has not too long ago unveiled its 2025 advisor compensation plan. The plan consists of numerous small modifications, that are designed to enhance the general compensation construction for advisors.
Probably the most vital modifications is the introduction of a brand new tiered fee construction. Underneath the brand new construction, advisors might 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 improve their AUM.