Wells Fargo Advisors seeks "hybrid" advisers, Reuters reports

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Wells Fargo Advisors Financial Network is setting up a new business to attract "hybrid" advisers, a response to the growing allure of independence to brokers who manage money for wealthy individual investors, reports Reuters. The program has not been publicly announced, It will provide back-office, trading, regulatory and other business-management services to independent advisers who manage money for a fee but want to collect commissions from past or future sales of annuities, mutual funds and other products.

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