Wells Fargo preps for wealth battle after $1bn turnaround


Three years and nearly $1 billion later, Wells Fargo & Co is finally playing offense in one of Wall Street’s hottest battlegrounds: wealth management.
The banking giant is trying to lure hundreds of independent advisers to join its platform as part of a larger push to expand the firm’s business catering to rich clients, according to Barry Sommers, who oversees Wells Fargo’s wealth and investment management unit.

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