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Wells Fargo Nudging Advisors Away from Stock Picking

Friday, Nov 15 2013

News Roundup

Written by PFA News

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Wells Fargo & Co. is encouraging its advisors to put retail clients’ assets in managed accounts rather than focus on picking stocks, a change being ushered in by Mary Mack, the firm’s new brokerage chief. So reports Bloomberg.

Mack maintains that clients can benefit from the advisory relationships that are associated with managed accounts.

Read the full article from Bloomberg.

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