Financial Advisors! Only. At this point, based on news two days ago!
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Why would anyone work for a firm with an asset cap, consent decrees and unions? How many clients are refusing to join wells Fargo because of poor reputation and execution? My challenge to advisors is to prove their honesty and dedication to clients by leaving
There are more premier bankers and FAs than PBs which doesn't reflect that branch's customer base.
This new strategy indicates that Premier banking is the future of WF. They’re more profitable. Make enough regular consumers frustrated, they will move their money. It’s the same strategy used for employee attrition.
Since when did he start caring about FAs? Like having to speak to offshore people about operational issues and limiting how much you can contact Operations without it hoing on a "scorecard"? Or constantly trimming payout?
He has lost the credit card business, the one he was trained on @ Visa.
So that's what's going on then. My branch has become a magnet of complaints from customers who have urgent needs but won't be helped because PBs are overwhelmed, and premier bankers won't assist somebody unless they have $250k. There are more premier bankers and FAs than PBs which doesn't reflect that branch's customer base. To make things worse, managers keep avoiding the lobby because they are busy in the back checking their phones. Demoralizing.
@OP what did Chuckle’s say about FA’s? Pretty sure he only cares about Chuckle’s