Mack maintains that clients can benefit from the advisory relationships that are associated with managed accounts.
Estimated reading time: 0 minutes, 18 seconds
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.