According to Wells Fargo, their Wealth and Management unit lost 1,146 registered representatives from either Wells Fargo Advisors or its Private Bank over the past 12 months. 

On the other hand, client assets and annualized revenue per advisor increased, continuing a growth trend. 

Wells Fargo reported a net income of $5.8 billion, an 86 percent increase compared to the fourth quarter of 2021. Wells Fargo leaders credit a portion of their growth to more efficient operations. The company stated that the robust economy continues to positively impact their results and customers.  

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.