Wells Fargo May Be Mismanaging Customer Portfolio Management Accounts E-mail
August 06, 2018

Wells Fargo may be using an automated service to manage portfolio management accounts. 

We are investigating allegations that Wells Fargo automated portfolio management services for high-level clients while pressuring wealth managers to focus on sale efforts. Yahoo Finance reported that Wells Fargo implemented “formulaic models” to manage the portfolios of “high-net-worth” clients in an effort to ensure consistency and remove the possibility of human error. The Wells Fargo employees claim to feel pressured being that most of their time was allegedly spent prospecting for new clients instead of managing assets.

If you or anyone you know may have a portfolio management account with Well Fargo Bank, please contact Finkelstein Thompson LLP. You can reach us at This email address is being protected from spam bots, you need Javascript enabled to view it or call us toll-free at 1-844-280-5009.