Wells Fargo just unveiled its 2024 compensation plan for financial advisors, and the overarching theme appears to be, “Steady as she goes.”
The company is keeping core compensation for most advisors unchanged but is making tweaks that will reduce pay for advisors who have been in the business a while but produce less than $300,000 in annual revenue. It is also cutting the amount of money advisors receive when they assist clients in getting a mortgage with the bank.
Sol...