Maybe you recall back in 2007, when A.G. Edwards was bought out by Wachovia, and then in 2008, Wachovia was acquired by Wells Fargo…
Well, last year Benjamin F. Edwards (great, great grandson of A.G. Edwards) turned around and opened his own new firm. Two weeks ago, he opened his newest and seventh office in suburban Chicago. (I might add, taking seven financial advisors from Wells Fargo)
In an article by Lee Conrad of OnWallStreet, and published on March 16, he is quoted in a press release of the future focus for his firm:
“We are interested in building branches in middle market and metro areas around experienced and accomplished financial consultants who are a good fit and share our desire to do what’s right for our clients.”
The “good fit” is essential. Only one in 50 applicants have been hired, he told OnWallStreet.
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