Wells Fargo has lately unveiled its 2025 advisor compensation plan. The plan contains quite a lot of small adjustments, that are designed to enhance the general compensation construction for advisors.
One of the important adjustments is the introduction of a brand new tiered fee construction. Underneath the brand new construction, advisors can be paid a better fee price on belongings beneath administration (AUM) above a sure threshold. This transformation is designed to incentivize advisors to develop their enterprise and improve their AUM.