Barry Sommers, CEO of Wells Fargo's Wealth & Investment Management unit, confirmed that his firm offers advisors transition deals worth up to 400% of their trailing 12-month (T-12) production. 

Sommers emphasized that this competitive offering applied to teams generating $2 million to $3 million or more. According to Sommers, the size of the team did not affect the upfront package, as they did not offer discounts based on team size.

Notably, the deals also involve meeting pre-agreed asset transfer targets. As reported by AdvisorHub, this places Wells Fargo at the forefront of what aggressive recruiters offer candidates, generating $10 million or more in revenue.

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