Wells Fargo Advisors never seems to miss a chance to take away comp

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Jan 10, 2017 4:38 pm

I find it incredible that Wells Fargo Advisors FiNet has found a rule with the IRS that they claim prohibits FAs from collecting commissions on their family or personal IRA accounts. They will still charge commissions and fees for these accounts, but the FA payout is 0%! Any other major firms doing this?

Jan 11, 2017 9:50 am

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I guess there wasn't enough bad press about WF managers screwing people in the last year.

Jan 11, 2017 9:51 am

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If you find out about any other firms doing this, please post. I'm meeting with a recruiter for lunch and will post what I find out.

Jan 11, 2017 10:59 am

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seems like LPL is the only other firm that thinks this is important - they too have been hit recently with fines