This reorganization is nothing more than an exercise of total incompetence. They have displaced true leaders who were the backbone for support of the financial advisors. They were replaced by inexperienced team members who in some cases, never managed a team, but now are in charge of massive markets and areas. The few pennies Wells Fargo saved by hiring these inexperienced ops/compliance managers will soon be offset by the influx of arbitrations/complaint settlements. The Market/Branch Managers are absolutely stunned by who were replaced and now feel like they are not being protected or feel safe. Wells Fargo will soon found out that they were a Penny wise but a Pound foolish.
Well said, @111H5CvR-1dejo.