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