Wells Fargo Payout Grid?
Does anyone know what WFC Financial Consultants payout grid looks like? I am ISG and we are told it is similar to our current one. Any help?
they are not identical, there are higher payouts at higher production levels as opposed to the WS ISG grid, and when I say higher, at the 1.5 mm range.
We will go to the Wells grid next year it is very close to what we have. A big diff is TBRk for wells the LFS gets 50% from the top not 10% from our net. Long term it is a good thing it gives them a bigger incentive for investments.They also open small accounts with there name on the statement but the FA gets 50% that has the client calling the LFS for service instead of the FA. At WS I tell my LFS to never open accounts as they call me for service I can not get over spending a half hour with a $2000 that a LFS opened and it has my name on the account, Wells fixes this. I know people that have been with Wells for years I am looking forward to the change. One negative no more 4 year VA's Wells does not allow them.