"I do like the fact that it might be a steadier award year-to-year as revenue growth might be more of a variable," Tasnady said.
While adding the asset award, Wells Fargo kept the cash component of its broker compensation plan unchanged. The brokerage will continue to give advisers a cash payout of 24% of the first $10,000 they produce each month, and 50% of all production beyond that point.
Tasnady said the Wells Fargo plan is simpler to communicate to the brokerage force than those offered by the other major firms.
"It's hard to communicate a 12-tiered grid and [brokers] don't know what they are going to get until the end of the year," he said.
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