Wells Fargo Financial Advisor Reviews | Glassdoor

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Wells Fargo Financial Advisor Reviews

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Found 138 reviews

2.5
StarStarStarStarStar
Rating TrendsRating Trends
30%
Recommend to a Friend
23%
Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
16 Ratings
Pros
Cons
More Pros and Cons
  1. Advisor

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Salt Lake City, UT
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wells Fargo full-time for more than 4 years

    Pros

    Great support and training. Enjoyed going to work each day. Cafeteria is great which fresh food prepared right in front of you.

    Cons

    Only that I wasn’t there longer. I took a new position that I thought would be a step up in my career. It did not have the positive culture I knew at Wells Fargo. The grass was not greener

    Advice to Management

    Keep doing what you’re doing

  2. Great Team

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wells Fargo full-time for more than 2 years

    Pros

    Large access to vast network of business partners, career development, want of team memebers to succeed

    Cons

    Corporate press, negative impact on clients, sometimes right hand does not know what left is doing.

  3. Helpful (1)

    Wells Fargo Advisors WBS/branch based advisor

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Wells Fargo full-time for more than 4 years

    Pros

    Referrals and they have tuition reimbursement

    Cons

    This is by far the worst company on the planet. I worked in the branch as an FA and they take 12.5% on refereed business from a licensed banker, why? I have no idea probably to pad the earnings. Everything you get is from referred business so if you’re on a 25% pay grid they take half of your earnings. If you do a trade under 100k they take 90% of the commission so if it’s referred to you, you actually pay them to write...

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    Advice to Management

    Break it up and start all over. All management cares about (every employee at Wells for that matter) is their bonus. If you’re a client of Wells and you think they care about you you are mistaken.

  4. Helpful (1)

    Financial Advisor

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Omaha, NE
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Wells Fargo full-time for more than 4 years

    Pros

    Pay. Great brand name. Good technology.

    Cons

    Compliance is killing us. Very bureaucratic. Autocratic middle managers who never opened an account in their lives.

    Advice to Management

    You cannot hire entrepreneurs, and then treat them like bank tellers.

  5. Helpful (2)

    Wells Fargo Advisors

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Nashville, TN
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Wells Fargo full-time for more than 4 years

    Pros

    Can’t think of a single one

    Cons

    Too many levels of management Advisors are basically ignored unless they do over $1,000,000 in production Bankers telling advisors how to manage their business No commission on any trades under $125 22% payout on all accounts under $100,000 Can’t understand the rest of the compensation plan. Too complicated.

    Advice to Management

    Listen to your advisors. They’re the reason the WFA branches exist. We feel like we are powerless and unappreciated.

  6. Helpful (2)

    Financial Advisor

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor 
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Wells Fargo for more than 6 years

    Pros

    The only pro I can think of is that I had a friend in the office. Otherwise, I would have to say that this is the worst job I ever had.

    Cons

    Poor management, denial of scandal, micromanaging, too many meetings, constantly changing compensation schedule, numerous payroll mistakes...the list goes on!

    Advice to Management

    Stop treating employees like children, be honest and pay a living wage.

  7. Probably wouldn’t work for them again...

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Wells Fargo full-time for more than 2 years

    Pros

    Great, friendly lower-level and immediate management employees

    Cons

    Upper management is seriously lacking

    Advice to Management

    Hire transparency, not the other way around

  8. Helpful (1)

    HATE THIS PLACE

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Wells Fargo full-time for more than 20 years

    Pros

    none at all. The place is run by idiots

    Cons

    Everything is wrong with it. Such an unethical company.

    Advice to Management

    Quit. Remove yourself as you are the problem.

  9. Great Company

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Alpharetta, GA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wells Fargo full-time for more than 20 years

    Pros

    Open architecture for financial advisors. Very supportive management

    Cons

    Negative news stories from past problems

  10. Wells Fargo Advisors

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Wells Fargo full-time for more than 2 years

    Pros

    Midwestern values, more Main Street than Wall Street

    Cons

    Advisor comp plan has production hurdles before higher payout rate applies. Hurdle incentivises advisor to push higher commission products in order to reach higher payout rates sooner.

    Advice to Management

    Remove production hurdles and lower average payout rate. Also, keep the company out of the headlines.

Found 138 reviews