Wells Fargo has lately unveiled its 2025 advisor compensation plan. The plan consists of numerous small modifications, that are designed to enhance the general compensation construction for advisors.
One of the crucial vital modifications is the introduction of a brand new tiered fee construction. Beneath the brand new construction, advisors will probably be paid a better fee fee on property beneath administration (AUM) above a sure threshold. This transformation is designed to incentivize advisors to develop their enterprise and improve their AUM.