Wells Fargo continues to intensify its recruiting efforts, and it has attracted some multi-million-dollar producers from its competitors to show from its efforts.
According to AdvisorHub, Peter Waldron joined Wells Fargo last month. Waldron managed $180 million in client assets, according to a Wells spokesperson. Waldron's move comes as Wells has placed significant pressure on managers to keep headcount stable and gain more hires. Wells has also "maintained high-end offers and additional bounties for headhunters who make a successful introduction." According to Wells, last month the company acquired advisors representing $46 million in revenue so far this year.
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