Wells Fargo hired Barry Simmons as the new head of national sales for Wells Fargo Advisors. In this role, Simmons will lead Wells Fargo Advisors’ sales and business development team in the United States.
Sol Gindi is the new head of Wells Fargo Advisors and head of the wealth and investment management (WIM) client relationship group, reporting to Barry Sommers, head of WIM. Jim Hays, who has been in this role since July 2019, announced his retirement after 35 years in financial services.
John Tyers joined Wells Fargo Advisors as head of the independent advisor group. In this role, Tyers will oversee the businesses of Wells Fargo Advisors Financial Network, First Clearing and Wells Fargo’s registered investment advisor (RIA) custody business.
Wells Fargo Advisors agreed to settle charges of misconduct in the sale of financial products known as market-linked investments, or MLIs, to retail investors, according to the SEC.
Reuters reported that Wells Fargo U.S. brokerage has expanded its adviser footprint in four states with new hires from rival firms Morgan Stanley and Edward Jones.
Wells Fargo said it has opened a new commercial banking office in Rochester, NY, led by Richard Ferrari.