As Market Booms, Wells Fargo Financial Advisers Struggle

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The booming stock market has meant brisk business for financial advisers. Not so at Wells Fargo.

Bank of America Corp. and Morgan Stanley, meanwhile, have posted double-digit gains in their wealth businesses.

 

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Financial analysts are in the business of making money. They make money on commissions. The best commissions are on products investors wouldn't purchase on their own.

Because they must try to earn back the trust of the public

They ruined their trustworthiness by their own dishonest conduct.

Probably has to do with the recent scandals at Wells than anything else.

Who would ever trust this company?

Should they really be trusted?

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