Wells Fargo offers an array of services for individuals looking for help managing financial assets. Their offerings range from investments to estate planning to private foundation management. Wells Fargo is the 3rd largest provider of brokerage services with over $1.6 trillion in assets with over 16,000 representatives.
Mike Santomassimo is replacing John Shrewsberry, who is retiring after six years as CFO and 22 years at Wells Fargo. He is the last eight senior executives who had their pay clawed back in 2017 to leave.
Current head of Wells Fargo's wealth unit Jon Weiss will move to the corporate and investment banking division, as part of a larger reorganization at the bank. The search for a replacement is under way.