Wachovia’s Banking Unit Has New Deal for Reps

Published Monday, April 28, 2003

Wachovia Securities, which offers reps several different affiliation levels, has predictably come up with a recruiting deal that has several different plans reps can choose from. This particular deal is only for those reps applying to work in the bank branches, and not for the regular brokerage branches. Like others firms who are trying to attract talented reps into their branches (Bank of America and Wells Fargo Securities), Wachovia is offering up-front money—something banks have been doing with greater frequency as they attack the securities market. However, the bonuses offered in a couple of instances—which ...

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