What do wells fargo financial advisors make

They are fully trained and supported with the tools and resources needed to serve as an advisor to clients, provide sound financial advice and counsel consistent with client goals and risk tolerance. FRAs must pass the Series 7 exam, the Series 66 or combined 63 and 65 , complete online training, participate in classroom training, pass compliance exams on products and suitability, and complete all activity requirements of the program.

After the full-time structured training program has been successfully completed, team members will enter our FRA Graduate Program. In addition to the professional qualifications outlined above, we are specifically looking for team members who have the following characteristics:.

Build your own stand-alone business as a solo advisor in one of our branch offices on an accelerated, aggressive timeline. In addition to the professional qualifications outlined above, we are specifically looking candidates who are:. The Financial Advisor in Training will be fully trained and supported with the tools and resources to build an individual practice to serve as an advisor to clients, providing sound financial advice and counsel consistent with the clients goals and risk tolerance, and meet organizational revenue targets.

Financial Advisors in Training must pass the Series 7 exam, the Series 66 or combined 63 and 65 , complete online training, participate in classroom training, pass compliance exams on products and suitability, and complete the activity requirements of the program as preparation for becoming a full-time financial advisor.

After the full-time structured training program has been successfully completed, team members will enter our FA Graduate Program and participate in the incentive compensation plan. Pursue a career as a financial advisor without worrying about commissions by working out of one of our three main offices St. Hone and perfect your financial advisor skills in a challenging, team-oriented environment, while helping a wide range of clients over the phone. A career as a Phone-Based Financial Advisor is a great way to get your foot in the door or simply make a career transition at one of the most trusted, stable and secure financial firms in the country, Wells Fargo Advisors.

United States. Average salary. Common benefits at Wells Fargo Benefits information is taken from job posted on Indeed. Insurance Health insurance Dental insurance Vision insurance. More Retirement plan Paid time off Parental leave. Easily apply. Digital Financial Relationship Advisor Trainee. More Wells Fargo Sales salaries. Account Executive. Account Manager. Account Representative.

Account Specialist. Beauty Consultant. The only advisory service that does not adhere to one of these two fee structures is Wells Fargo's financial planning services. Financial planning clients are charged a one-time fee that only covers the financial plan.

All of the investment programs offered through Wells Fargo Advisors Financial Network, a network of independent contractors, are wrap fee programs.

Fee rates vary by advisory program, with total fees ranging from 1. The former is a team of in-house advisors, while the latter is a network of independent contractor representatives. It's also worth noting that certain investment advisory programs allow the use of margin, which will enable clients to purchase additional securities but will also increase their asset-based fee. The increased fee may incentivize advisors to recommend this strategy. However, Wells Fargo notes that this isn't suitable for all investors and can increase risk in an account.

Additionally, advisors receive different levels of compensation for different programs, which may create an incentive for them to recommend one program over another. Advisors may also be eligible to receive incentives or bonuses for meeting certain targets, such as referring business to affiliates or promoting investment advisory services. If you've glimpsed at the news, you already know that Wells Fargo has made headlines numerous times in the recent years for a series of scandals.

While many of these have been related to Wells Fargo bank, its wealth management unit also recently made news for allegedly recommending investments that "maximized revenue for the bank and compensation for its employees" and "weren't always in the best interests of clients," Bloomberg reported in April, citing former Wells Fargo employees. Dedicated Financial Advisor. Find an advisor you can count on.

Let's Connect. Or call us at The right advisor can help make your goals a reality. Work with an advisor you trust Our advisors start by listening so they understand who you are and where you want to go.

See your full financial picture clearly Your advisor is connected to an array of specialists to help guide you with your varied financial needs. Keep on track Your advisor will create a customized investment plan for you, then review it and suggest changes as needed along the way.

Find an advisor near you today.