Louis Diamond Quoted
Wells Fargo Advisors experienced fewer advisor departures early this year than during the same period of 2017. This could signal its advisors are less worried by the parent company’s banking scandal or that Wells has figured out how to better retain advisors.
One recruiter said Wells Fargo appears to have addressed the problem.
“It does seem like advisers leaving has slowed down,” Louis Diamond, vice president and senior consultant at Diamond Consultants, is quoted saying. “The initial shock of everything has faded away. The advisers who were frustrated with the way the bank handled the situation probably left already.”