John Peluso, head of First Clearing, the Wells-owned custody platform for fully independent RIAs, told WealthManagement.com that the new channel counts 13 ex-Wells teams and has started to look externally.
The Market Street Group, with about $500 million in client assets, moves over from Morgan Stanley.
The president of Wells Fargo’s independent unit, Kent Christian, details the firm's recruiting amid the pandemic.
“I said, ‘Doc, am I going to live?’ And it was just silence. He finally says, ‘We have a lot of work to do.’ And that day was a tough day for me.”
The Department of Labor has proposed a new rule that would require more analysis and documentation around ESG investments in private retirement plans.
The firm has appointed Stephanie Link, former head of global equities research at Nuveen, as its new chief investment strategist, a newly created role.
Creative Planning CEO Peter Mallouk opened up recently on his latest acquisition, where it fit, the firm's approach to M&A, and plans to re-up on his TV marketing strategy.
