Wells Fargo reviews

Shrinking benefits, expense cutting, too many middle managers shuffling work to subordinates, health insurance not the greatest, takes forever to get any changes implemented, outdated technology systems, constantly being audited by internal and external groups since banking is so highly regulated. If you are the teachers pet you get favorable treatment. Play the game if you want to win. Layoffs were occurring around the time I left, resulting in tense/negative work environment as managers threatened employees with "anyone could be next". The work environment was much more positive when I started, but as the group grew and more layers were added, things went downhill as the environment became more political.

This is by far the worst company on the planet. I worked in the branch as an FA and they take 12.5% on refereed business from a licensed banker, why? I have no idea probably to pad the earnings. Everything you get is from referred business so if you’re on a 25% pay grid they take half of your earnings. If you do a trade under 100k they take 90% of the commission so if it’s referred to you, you actually pay them to write business under 100k. I did 35k in revenue one month and after they took all their deduction I ended up owing them 600 dollars... unbelievable. Do not work here for any reason you will be penniless and desolate to get out. Oh and another kicker it’s the most unethical company on the planet (I know big shocker). I’d have bankers telling me which investment a prospect wanted to do without me even speaking to them. If you take a job with them after reading this then you deserve the pain they’re going to give you.