Wells Fargo has just lately unveiled its 2025 advisor compensation plan. The plan consists of plenty of small adjustments, that are designed to enhance the general compensation construction for advisors.
One of the vital adjustments is the introduction of a brand new tiered fee construction. Underneath the brand new construction, advisors will likely be paid a better fee charge on belongings beneath administration (AUM) above a sure threshold. This transformation is designed to incentivize advisors to develop their enterprise and enhance their AUM.