Wells Fargo & Co., the largest bank in the Denver metro by deposits, is planning to restructure two wealth-management units that serve affluent customers in a move that could affect more than 12,000 employees.
The Wall Street Journal, citing unidentified sources, reports on the plan by San Francisco-based Wells Fargo that would combine its Wealth Brokerage Services unit, which works out of its retail bank branches, with its Private Client Group, which has its own brokerage offices.
