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