March 25, 2025
Diamond Consultants Transition Report Quoted
By Bruce Kelly
Wells Fargo & Co.’s wealth and investment management group continues to build out its support for registered investment advisors and said it hired Megan Hausmann as a lead recruiter for its RIA Solutions group.
Unlike its wirehouse competitors Merrill Lynch, Morgan Stanley, and UBS, Wells Fargo Advisors and its wealth and investment management group have broadened the work options for its roughly 12,000 financial advisors at the firm, including making it somewhat easier to move to its independent broker-dealer group, Wells Fargo Advisors Financial Network, known as FiNet.
Hausman until last month worked at Apex Clearing Corp., where she was senior director, advisory services. Her title at Wells Fargo is RIA Solutions Director of Business Development, west, according to a post Tuesday morning on LinkedIn by Craig Avery, Head of Wells Fargo Business Solutions.
In November, Wells Fargo said it had hired another Apex Clearing executive, George Tamer, to a senior role at its RIA Solutions group.
Meanwhile, Wells Fargo’s variety of platforms for advisors may be gaining traction in the market, according to one recent report from an industry recruiter.
“One could argue that the Wells Fargo’s channel flexibility is a key differentiator, and the fact that advisors can ‘slide’ from their [employee] W2 channel into their independent FiNet channel is often an attractive selling point for perspective recruits,” according to the report, which was published this month by Diamond Consultants and is titled “Financial Advisor Transition Report.”
“Wells Fargo notched several high-profile wins, a welcome change from the constant negative headlines of years past,” according to the report. “Wells Fargo has shown tremendous appetite for the biggest teams in the industry, a marked change from years past.”
