Wells Fargo aims to sell H.D. Vest, sources say

05/16/2011 | Bloomberg

Wells Fargo bought the H.D. Vest brokerage and tax-advisory division about 10 years ago for $128 million. The bank is now seeking buyers for the unit, sources said. The move comes as John Stumpf, chief executive officer at Wells Fargo, overhauls the bank's wealth, brokerage and retirement operations.

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