Thread regarding Wells Fargo & Co. layoffs

To a large degree, the only decent people who work at WFA/WIM are originally from AG Edwards.

We know our jobs inside and out. We know how our decisions affect the departments with which we interact and take care with downstream consequences. We learned to put customers first so these self-interested Wells Fargo boys can’t figure out how to manipulate/control/manage us. We prioritize our team’s success, not our own. We treat the Financial Advisors like our customers and not the enemy. (Yes there are some high quality younger people being hired who are unfortunately being negatively affected by this dog-eat-dog inept senior management team.) We were fortunate to came up under leaders who paved the way with hard work, good ethics and honesty.

Ben Edward’s was “employees first" as a business philosophy and believed that prioritizing employee well-being, satisfaction, and development ultimately leads to increased customer satisfaction and, consequently, shareholder value. He would have never fired a loyal knowledgeable US employee to replace them with cheap labor from another country where there are obvious security risks. (Seriously, what more do we need to know about Charlie Scharf??) We are blessed that we had the opportunity to work for true leaders back in the day and we see right through these pale Wells Fargo fake cowboys who are all hat and no cattle.

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Post ID: @OP+1jw9sd6eh

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The Financial Advisors agree. Here’s how incompetent Wells Fargo Senior Leadership is:

Wells Fargo has to pay top recruitment dollars in order to con high-producing advisors to the bank. Why? 1. Obviously, Wells Fargo’s corrupt reputation makes it difficult for an advisor to explain to their clients why he/she is bringing their assets to the bank. 2. Customer service for FA’s in the home office has become terrible. That goes back to Wachovia taking over - they had a bad attitude towards their FAs. Additionally as our current Senior Management team lays off most everyone in St. Louis who has financial experience and institutional knowledge and then replaces them with low-skill employees, it has become nearly impossible for FAs to get questions answered. 3. The FAs need more help, not less, because the technology is grossly outdated.

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Post ID: @ds+1jw9sd6eh

F Bob B

AGE could have easily continued on it’s own as Edward Jones, Stifel and Raymond James have done.

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Post ID: @dk+1jw9sd6eh

I agree! AGE employees were and are the best! I was one of them and did what was right for the client. My behavior completely contradicted what Wells Fargo thinks of our clients.

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Post ID: @aw+1jw9sd6eh

@ap AG Edwards didn’t fail. WCHV did. Not sure why you felt the need to comment on something you know nothing about although that is classic Wells Fargo fake cowboy behavior.

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Post ID: @ar+1jw9sd6eh

If your firm failed bad enough to be acquired by Wachovia, you're not an amazing group of employees.

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Post ID: @ap+1jw9sd6eh

Hogwash.

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Post ID: @am+1jw9sd6eh

Yes, AG Edwards here. This is totally true; it was such a well-run, quality company with great employees. I miss those days.

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Post ID: @af+1jw9sd6eh

Agree 100%! Legacy AGE, going on 36 years.

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Post ID: @a2+1jw9sd6eh

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