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In March 2019, CEO Tim Sloan resigned amidst the Wells Fargo account fraud scandal and former general counsel C. Allen Parker became interim CEO. [85] In July 2019, Principal Financial Group acquired the company's Institutional Retirement & Trust business. [86] On September 27, 2019, Charles Scharf was announced as the firm's new CEO. [87]
In 2019, Principal purchased Wells Fargo's institutional retirement and trust business (including 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business) for $1.2 billion. The deal was financed with cash and senior debt financing. [8]
The firm was acquired by Wachovia to be folded into Wachovia Securities; [1] Wachovia was subsequently acquired by Wells Fargo, and the securities division was folded into Wells Fargo Advisors. The firm provided securities and commodities brokerage, investment banking, trust services, asset management, financial and retirement planning, private ...
Here’s where to look for your Wells Fargo routing and account numbers: Wells Fargo online banking or app. Log into your Wells Fargo account to find your account details. Use a physical check.
One of my favorite options is SoFi Savings, which pays out 4.00% APY compared to the 0.01% APY you’ll find on everyday accounts at Chase or Wells Fargo. Why HYSAs are a low-risk retirement ...
Integration with your other Wells Fargo accounts allows you to keep your financial life under one roof, with the benefit of quicker transfers. ... Retirement accounts come with tax advantages but ...
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