According to its second-quarter earnings report, annualized revenue per advisor has increased, even with the declining market during the year's first half. Advisor headcount also has shown signs of stabilizing with a net decrease of one percent.
The firm's earnings report showed 12,184 financial advisors, compared to 12,250 just three months earlier. According to InvestmentNews, there are indications that Wells Fargo's recruiting efforts are focused on more experienced advisors with a wealth client base.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
