Wells Fargo’s Wealth Boss Rebuts Report on Advisor Sales Bias

Jon Weiss, the head of Wells Fargo & Co.’s Wealth and Investment Management division, quickly and publicly defended the company’s approach to compensating brokers on Thursday in response to a Bloomberg News report suggesting that its wealth employees were subject to the same kind of sales quotas and incentives that led to the fake-account scandals at Wells’ consumer bank.  READ MORE