Wells Fargo Payout Grid?
Jan 25, 2009 7:53 pm
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?
Jan 25, 2009 8:54 pm
identical
Jan 25, 2009 9:45 pm
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.
Jan 26, 2009 1:02 am
is isg now with wfc? it was with ws before right?
Jan 26, 2009 2:51 am
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.Source URL:https://www.wealthmanagement.com/forums/whats-firms/wells-fargo-payout-grid