Wells Fargo CEO Charlie Scharf said the company’s multiple affiliation options for financial advisors is proving to be an advantage as the wealth management industry evolves and thousands of advisors leave national brokerage firms to open independent practices.
“It’s hugely significant,” he said of the trend Wednesday at the AllianceBernstein Strategic Decisions Conference. “And it’s not something that’s going to change over a period of time.”
Scharf’s…
Source: barrons.com
