Wells Fargo & Co., which has run its retail mutual funds business through an outside broker-dealer, is about to bring the large program in house.

All 250 securities salespeople who sell investment products in Wells branches will become employees of the San Francisco bank's own broker-dealer by yearend, according to a Wells spokeswoman.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.