Recently, Wells Fargo announced its intention to bolster its independent brokerage platform. 

The latest measure comes with a sweetener - a special bonus for current Wells Fargo employed (PCG) advisors who wish to move to Wells Fargo Advisors Financial Network or FiNet. That bonus is meant to compensate advisors for the loss in their deferred compensation.

As an independent firm, financial advisors working at FiNet see higher payouts. Advisors do have to pay for overhead and expenses, which is a major downside. However, advancements in technology and services offered by large independent broker-dealers have offset some of those costs. 

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.