barry sommers wells fargo

In this role, Gindi will lead the Wells Fargo brokerage and wealth management channels, the independent business, and First Clearing. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Previously in his career, Sommers was a senior managing director for Bear Stearns, serving as CEO for the private client business; prior to that he was responsible for the mutual fund business. Selecione Cancele para permanecer en esta pgina o Contine para ver nuestra pgina principal en espaol. His previous experience will be "welcome as we continue our transformation," Scharf said in a statement. Sommers had climbed the ranks of JPMorgan Chase's brokerage and retail banking businesses over a 22-year career that began at Bear Stearns as a broker. He rose through the ranks at JPMorgan after the merger and in 2013 was named CEO of Chase's consumer bank. Sommers also led the Chase Private Client unit's expansion, the firm said. Sommers will start the job on June 22 and report directly to CEO Charlie Scharf, Wells Fargo said in a news release. SAN FRANCISCO--(BUSINESS WIRE)--Jun 17, 2020-- Wells Fargo & Company (NYSE: WFC) today announced that Barry Sommers will join the company as CEO of Wealth & Investment Management (WIM) on June 22, reporting to CEO Charlie Scharf. "He knows their working style, and they know his.". WIM provides financial products and services through various bank and brokerage affiliates of Wells Fargo & Company and is one of the largest wealth managers in the U.S., with $1.6 trillion in client assets. We're sorry, but some features of our site require JavaScript. Wealth & Investment Management provides a full range of wealth management and investment products and services through the sub-brands Wells Fargo Private Bank, Wells Fargo Advisors, and Wells Fargo Investment Institute. Italy's TIM enters into exclusive talks with KKR over grid sale, Diesel trial ends with suspended sentence for ex-Audi boss Stadler, Zara founder Ortega buys Dutch warehouse for $115 million, SAP co-founder Plattner intends to sell nearly 1.46 million shares, China's President Xi to meet with Bill Gates in Beijing - state media, Europe New Car Sales Rose 18.5% in May, Electric Vehicles Take Larger Share, Vodafone's UK Merger Seen as a Hard Sale for Regulators, Prosecutor: Stadler and co-defendants not primarily responsible, Recruiter Robert Walters says 2023 profit to be below market view, E.ON's Birnbaum: Europe's gas, power grids must be strengthened. Click to reveal Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Wells Fargo has tapped Barry Sommers, a veteran of rival bank JPMorgan Chase, to serve as its next head of wealth and investment management. Please enable JavaScript on your browser and refresh the page. If youre not a wealth management professional, you can find other great financial content at. Wells Fargo on Wednesday named Barry Sommers, the former CEO of wealth management at JPMorgan, as its new CEO of wealth and investment management. The wealth and investment management division is led by Barry Sommers, the former head of JPMorgan Chase & Co's wealth . Wells Fargo & Company was ranked No. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. He will have responsibility for wealth management, investment, and retirement products and services. | November 25, 2022 Create your Watchlist to save your favorite quotes on Nasdaq.com. The estimated Net Worth of Barry Sommers is at least $1.35 Million dollars as of 5 February 2023. Your IP: The moves are part of an ongoing strategy to enter new markets even as the bank reduces its total branch count. Wells Fargo Bank, N.A. Financial Advisor IQ - Content Page He also spent time at Goldman Sachs, where he was a vice president in the asset management division. Wells Fargo Bank, N.A. The estimated Net Worth of Barry Sommers is at least $1.35 Million dollars as of 5 February 2023. We earn trust by behaving ethically and holding all employees and directors accountable for the decisions we make and the actions we take. Learn more about the committees of the Wells Fargo Board of Directors. Wells Fargo & Company today announced that Barry Sommers will join the company as CEO of Wealth & Investment Management on June 22, reporting to CEO Charlie Scharf. Barry Sommers - CEO of Wealth & Investment Management at Wells Fargo wells fargo & company was ranked no. June 17, 2020 04:15 PM Eastern Daylight Time SAN FRANCISCO-- ( BUSINESS WIRE )--Wells Fargo & Company (NYSE: WFC) today announced that Barry Sommers will join the company as CEO of Wealth &. Jonathan Weiss, CEO of Corporate & Investment Banking at Wells Fargo, will continue to lead WIM until Sommers officially begins his new role. If you are an advisor or are involved with the wealth management industry in another capacity, please contact us at, We encountered an error. Last updated: 7 February 2023 at 3:27pm EST. The job became available because of a reorganization in which Wells Fargo split its wholesale banking unit in two, and Jon Weiss, who previously headed wealth and investment management, was chosen to lead one of the two newly formed units. Barry Sommers Named Wells Fargo Wealth & Investment Management CEO | AP Their executives point to factors that offer protection, including the geographic composition of their portfolios and the types of buildings that serve as collateral. Barry Sommers owns over 32,568 units of Wells Fargo & Co stock worth over $1,354,442 and over the last 2 years Barry sold WFC stock worth over $0. Ray Fischer, who heads up cards, retail, and merchant services, spent 14 years at JPMorgan in a similar unit there. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Barry Sommers Biography - Senior Leadership Team - Wells Fargo News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Barry Sommers owns over 32,568 units of Wells Fargo & Co stock worth over $1,351,231 and over the last 2 years Barry sold WFC stock worth over $0. SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) today announced that Barry Sommers will join the company as CEO of Wealth & Investment Management (WIM) on June 22,. The role of the Financial Advisor with respect to Bank products and services is limited to referral and relationship management services. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA). Until April 2019, Sommers was CEO of Wealth Management at JPMorgan Chase, where he was responsible for its private bank and brokerage businesses. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. offers various advisory and fiduciary products and services including discretionary portfolio management. Last update: April 13, 2023 Career Barry Sommers is currently Chief Executive Officer at Wells Fargo Wealth & Investment Management - View - Wells Fargo Wealth & Investment Management org chart Senior Executive Vice President, Chief Executive Officer, Wealth and Investment Management at Wells Fargo - View - Wells Fargo org chart Create your alert Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Michael Cleary, who joined earlier this year to lead sales-practices oversight and management, worked at JPMorgan for 13 years. Wells Fargo's Wealth Unit Names Diversity Chief | ThinkAdvisor We have verified that you are eligible to read Barrons Advisor content for free. https://www.barrons.com/articles/wells-fargo-taps-barry-sommers-as-next-wealth-chief-51592502699. The role of the Financial Advisor with respect to Bank products and services is limited to referral and relationship management services. This website is using a security service to protect itself from online attacks. I am excited to join the company and do my part to help drive its continued evolution.. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Uber-rich investors hungry for growth have turned their sights on the private market. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The business is also facing similar fee and tech pressures as its competitors, from dropping the cost of placing trades to fine-tuning its automated-investing product. Sommers spent most of the past decade at JPMorgan Chase, where he eventually became CEO of wealth management. Barry Sommers Named Wells Fargo Wealth & Investment Management CEO . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Wells Fargo CEO Charlie Scharf is looking at outsiders to run the bank's sprawling wealth business. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Sommers is at least the seventh JPMorgan alum Wells Fargo has taken on since Scharf, long viewed as Jamie Dimon's protg, started as CEO. Seleccione el enlace si desea ver otro contenido en espaol. Performance & security by Cloudflare. Barry Sommers Named Wells Fargo Wealth & Investment Management CEO Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. founded in 1852 and headquartered in san francisco, wells fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 8,050 locations, 13,000 atms, the internet (wellsfargo.com) and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy.

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