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The perplexing case of Wells Fargo’s non-wirehouse advisors: A blueprint for Merrill, UBS and Morgan or a cheap lesson in what not to do

Mindy Diamond Quoted - By Lisa Schidler, RIABiz - Take that, Wall Street and Main Street. Wells Fargo Advisors LLP’s independent broker-dealer, FiNet, has seen its assets leap 61% in three years at a time when other wirehouses are wondering how to get in on some of that indie action.

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Mindy Diamond Quoted
By Lisa Schidler

Take that, Wall Street and Main Street.

Wells Fargo Advisors LLP’s independent broker-dealer, FiNet, has seen its assets leap 61% in three years at a time when other wirehouses are wondering how to get in on some of that indie action.

But, no question, a certain sector of advisors is excited about FiNet, Mindy Diamond says.

“It’s a business model that works and FiNet advisors are the highest producers at the firm,” Diamond says. “FiNet is the No. 1 fastest growing business of all three channels within Wells Fargo Advisors.”

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