Wells Fargo Advisors is raising its monthly revenue hurdle for wealth management employees to $16,000, an 18.5% increase. The change is the first increase to the hurdle in five years and is intended to align advisor compensation with business growth. Advisors generating more than $2 million annually will continue to receive a 50% payout.
Key facts
Wells Fargo Advisors is raising the monthly revenue hurdle for wealth management employees to $16,000, an 18.5% increase and the first change in five years. source
Wells Fargo Advisors employees generating more than $2 million annually will remain on a 50% payout. source