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Bethany McLean and Ethan Wolff-Mann
Yahoo FinanceWells Fargo's bonuses were 'bad business on steroids': former executive
For four years, starting in 2012 and through the end of 2015, Wells Fargo incentivized some of its advisors in that business through something called the “Growth Award."
- Yahoo Finance
Exclusive: Wells Fargo pushed wealth advisors to use high-fee products, cross-sell
For almost two years, Wells Fargo has been under near-constant fire. Now, Now, former advisors in the wealth management area of the Private Bank, which caters to high-net-worth investors, have said the bank pushed them to use high-fee products.
- Yahoo Finance
Exclusive: Wells Fargo automated high-net-worth wealth management as advisors faced sales pressure
In Wells Fargo's Wealth and Investment Management division, the intense pressure for sales is alive and well.