RIA margins are lower but top advisors are more likely to stay with Wells if they can switch models.
Wells also owns Finet, an independent broker dealer, which means it offers advisors a full complement of advisory channels.
The bank has suffered from two years of bad publicity and is trying to make its wealth management arm more attractive to advisors looking for new opportunities.
Read my Seeking Alpha piece here to get all the details on why I think this is a smart move.
