Advisors are bolting at record pace to independent arm of Wells Fargo. Heard they don’t even check compliance there. Our team is leaving next spring. Can’t wait
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Tell me you’ve never spoken to a customer without telling me you’ve never spoken to a customer.
Who gives a F? FAs are useless trash anyways. Rich folk just need to put their money in some index funds and call it a day. Don't need a fluffer masquerading as an FA to advise them to do that.
Finet will make the news someday for regulatory infractions. It’s an open secret in compliance. It’s the true Wild West of this company, and the lack of oversight is mind boggling
These stupid FAs are told there is little to no compliance by the Finet recruiters, but it's untrue. The Finet management are like door-to-door salesmen and are promising everything. Wait until you have to deal with your own complaints, or worse yet, get sued. Yes, you have insurance to cover it, but with the sizes of awards and legal fees, it's not enough in many situations. And to those FAs with large books of business, a client that you least expect will come out of the woodwork to sue(or it's usually the children after the client passes away). Then have fun when Wells' pocketbook isn't there to handle every step.
That’s how Finet sells it. Unfortunately FA’s believe no compliance but it’s not true. Paul S. is in charge of compliance for Finet and couldn’t care less about policy. He cares more about his Cornell degree and $$$.
Fake news by a troll
Ummm...they still have compliance and supervision. And is that the reason to go FiNet is to avoid compliance? That doesn't sound right.
You go FiNet because you want to own and control the business.
So they avoid the SEC and FINRA… oookay