Wells Fargo has just lately unveiled its 2025 advisor compensation plan. The plan contains quite a few small modifications, that are designed to enhance the general compensation construction for advisors.
Some of the important modifications is the introduction of a brand new tiered fee construction. Underneath the brand new construction, advisors shall be paid the next fee charge on property underneath administration (AUM) above a sure threshold. This modification is designed to incentivize advisors to develop their enterprise and improve their AUM.