Wells Fargo has lately unveiled its 2025 advisor compensation plan. The plan consists of a variety of small modifications, that are designed to enhance the general compensation construction for advisors.
Probably the most vital modifications is the introduction of a brand new tiered fee construction. Beneath the brand new construction, advisors shall be paid the next fee fee on property beneath administration (AUM) above a sure threshold. This modification is designed to incentivize advisors to develop their enterprise and improve their AUM.