Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Wells Fargo & Co    WFC

Delayed Quote. Delayed  - 10/25 03:39:23 pm
45.65 USD   +0.29%
03:32p WELLS FARGO : Disney trade offers a 17.9% return in 52 days, or find..
02:39p WELLS FARGO : Fukoku Mutual Life Insurance Co Sold Shares of Wells F..
02:05p WELLS FARGO : Commits $1 Million to Scholarship America for People w..
News SummaryMost relevantAll newsSector news 

Wells Fargo & Co : Danny Ludeman to Retire as Head of Wells Fargo Advisors

share with twitter share with LinkedIn share with facebook
share via e-mail
09/27/2013 | 06:31pm CEST

Mary Mack Named as Successor

Danny Ludeman will retire from Wells Fargo Advisors (WFA) after 34 years of helping build one of the country's most successful brokerage firms, with 15,000 advisors and management of more than $1 trillion in client assets. Mary Mack, who currently serves as head of the WFA Financial Services Group, will succeed Ludeman effective Jan. 1, 2014.

"Under Danny's leadership, we have created a premier brokerage and advisory firm whose success is based on offering clients advice and planning through multiple channels - in brokerage offices, retail bank stores, or online," said David M. Carroll, head of Wells Fargo's Wealth, Brokerage and Retirement business. "His many contributions to Wells Fargo, his commitment to our communities across the country, and his strong dedication to the client will be missed."

Ludeman has served as executive vice president and head of Wells Fargo Advisors since the Wachovia merger in 2008. He led Wachovia Securities for nearly ten years prior, and held key leadership roles at Wheat First Securities before First Union/Wachovia acquired that firm. He has overseen numerous successful mergers, creating a nationwide financial advisor sales force and driving a focus on client advice and planning.

Ludeman is a dedicated advocate for community and civic causes. He chairs the St. Louis Regional Chamber; co-chairs the capital campaign for CityArchRiver 2015; serves on the boards of Washington University, John Burroughs School, the St. Louis Zoo, the United Way of Greater St. Louis, Missouri Botanical Garden, Fair St. Louis, and The Muny; and is a member of Civic Progress.

In her new role, Mack - a 28-year veteran of the company - will work throughout Wells Fargo to help clients achieve their financial goals across numerous spectrums of wealth.

"I am confident Mary has the right mix of experience, vision, and energy to lead our advisors in continuing to help our clients succeed financially," said Carroll.

As head of the Financial Services Group at Wells Fargo Advisors, Mack oversees strategic direction and management of Investment Advisory Products, Strategic Solutions, Advice, Lending and Banking Services, National Sales, Financial Advisor Productivity and Development, and Financial Advisor Recruiting and Integration. Mack joined predecessor firm First Union in 1984 and has held a variety of leadership positions for groups including Wealth Brokerage Services, Investment Services Group, and Wachovia Client Partnership. She was managing director of Healthcare Corporate Banking and a General Bank regional president. She serves on the Private Client Services Committee for the Securities Industry and Financial Markets Association.

Mack shares Ludeman's passion for communities and civic involvement. She is on the board of trustees at Davidson College, where she graduated with a bachelor's degree in International Political Economy. She has served on the boards or executive committees of Johnson C. Smith University, the United Way of Central Carolinas, Junior Achievement, Childcare Resources and the Arts & Science Council. She is a founding member of the Foundation for Fort Mill Schools.

About Wells Fargo Wealth, Brokerage and Retirement

Wells Fargo Wealth, Brokerage and Retirement (WBR) is one of the largest wealth managers in the U.S. WBR includes Wells Fargo Advisors, the third-largest brokerage in the U.S.; Wells Fargo Private Bank, serving high-net-worth individuals and families; Abbot Downing, serving ultra-high-net-worth families; and Wells Fargo Retirement, which manages $279 billion in institutional retirement plan and pension assets for 3.7 million Americans. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC, and Wells Fargo Advisors Financial Network, LLC (members SIPC).

About Wells Fargo & Company (Twitter @WellsFargo)

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank's customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2013 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially. Wells Fargo perspectives are also available at blog.wellsfargo.com.

Wells Fargo & Company
Raschelle Burton, 314-875-1690

© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on WELLS FARGO & CO
03:32p WELLS FARGO : Disney trade offers a 17.9% return in 52 days, or find similar opt..
02:39p WELLS FARGO : Fukoku Mutual Life Insurance Co Sold Shares of Wells Fargo & Co.
02:05p WELLS FARGO : Commits $1 Million to Scholarship America for People with Disabili..
10/24 WELLS FARGO : Announces Henry Jordan to Retire as Head of Capital Finance
10/22 WELLS FARGO & CO : Pomerantz Law Firm Reminds Shareholders with Losses on their ..
10/21DJWELLS FARGO : Head of Wells Fargo Fund Division Karla Rabusch to Retire in Comin..
10/21 WELLS FARGO : Negative Eurozone Interest Rates May Hamper U.S. Bank ETFs
10/21 WELLS FARGO & COMPANY/MN : Financial Statements and Exhibits (form 8-K)
10/20DJWELLS FARGO : Senators Press Wells Fargo on Whether or Not Sloan Knew of Sales T..
More news
Sector news : Banks - NEC
03:27p DEUTSCHE BANK : could integrate Postbank in strategic u-turn - sources
02:06pDJMonte dei Paschi to Cut Jobs, Sell Units in Bid to Win Support for Rescue Pla..
01:53pDJKEYCORP : Revenue Climbs on First Niagara Deal
07:58aDJSWEDBANK : Posts Forecast-Beating Third Quarter Net Profit
04:08aDJBANK OF CHINA : London Branch Plans USD-Denominated Green Covered Bond Offering ..
More sector news : Banks - NEC
News from SeekingAlpha
08:13a My Dividend Growth Portfolio - Q3 2016 Summary
10/24 CIBC : The Cheapest Canadian Bank
10/24 My Income Portfolio Quarterly Update (Q3 2016)
10/23 Mixed Messages
10/21 60% Return From Reynolds' Smoking Hot Opportunity
Financials ($)
Sales 2016 89 177 M
EBIT 2016 34 875 M
Net income 2016 20 623 M
Debt 2016 -
Yield 2016 3,34%
P/E ratio 2016 11,29
P/E ratio 2017 11,21
Capi. / Sales 2016 2,58x
Capi. / Sales 2017 2,53x
Capitalization 229 673 M
More Financials
Duration : Period :
Wells Fargo & Co Technical Analysis Chart | WFC | US9497461015 | 4-Traders
Full-screen chart
Technical analysis trends WELLS FARGO & CO
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 33
Average target price 49,2 $
Spread / Average Target 8,0%
Consensus details
EPS Revisions
More Estimates Revisions
Timothy J. Sloan President, Chief Executive Officer, COO & Director
Stephen W. Sanger Non-Executive Chairman
John R. Shrewsberry Chief Financial Officer & Senior Executive VP
Scott Dillon Chief Technology Officer
Enrique Hernandez Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WELLS FARGO & CO-16.26%229 673
JPMORGAN CHASE & CO.4.30%248 757
More Results