Tammy Yorba’s Post

Texas

Whether you view your career path as a journey or a destination, at Wells Fargo you can shape a career that aligns with your passion and goals. A meaningful career starts with a conversation. Reach out to Loredana A., Megan Mrky-Webster or Rich Chapman, AVP to talk about what is uniquely important to you in your career.

Whether you view your career path as a journey or a destination, at Wells Fargo you can shape a career that aligns with your passion and goals. A meaningful career starts with a conversation. Reach out to Loredana A. or Rich Chapman, AVP to talk about what is uniquely important to you in your career.

Integrity and conscience should work hand in hand. As an advisor you have choices of who you want to work with and what you and the brand you represent stand for. There are too many advisors out there that I'm sure feel stuck after realizing that the company that they joined isn't what they had envisioned when they signed on to work with them. True integrity is shown by doing the right thing even when it isn't easy. I made this choice early in my career and now my clients and I are so much happier for it. To any advisors out there that are feeling stuck or worried about making a change, please reach out and lets have a chat. The only regret you will feel is that you didn't have the courage to do this sooner. Here for you. #MCOWealthInspiringIntegritythroughAction

The client's best interest should always be the top priority. Banks have simply forgotten that! There is an alternative for Canadians; a strong group on individuals who thrive to do the best for their clients and care for them. It doesn't have to be me, but find an advisor that you have a connection with and that you trust. The more we deal with advisors as opposed to banks, the more we keep the affordability and availability of sound financial advice in this country.

Don't say I didn't warn you Remember yesterday, when I told you theres about 10 companies you absolutely dont want to work with as an employee or client Well here is 5 It is extremely amusing when the employees defend themselves, "well it's not me" Then what are you still doing working there? To me, this is no different than being friends with a gang of thieves and saying "well they are nice guys, and I am not robbing anyone personally" This is called guilty by association I will continue to be a thorn in the side of publicly traded companies. Many of their employees are great people, being destroyed by manipulative sales tactics I don't hate the player, I hate the game If you work for any of these banks, please reach out, we are here to educate and offer support If you are a client of any of these banks, reach out, we will show you how much better you can do for yourself, and for your family MCO Private Wealth Screwing ourselves out of sales through honesty That's the only way it should be If you work at an institution and have a story to tell, you can tell me in private. I'll spill the beans, with no mentioning of personal names. I am not afraid I can't lose my job #CFP #honesty #integrity

July 2024 saw 49 Bank branch closures driven primarily by TD Bank (21), Wells Fargo (11) and Chase (7). New York and Ohio had the most branches closed within their states during the month. There were 85 Bank branch closure approvals (closing within 90 days). Bank of America (23) led the way followed by US Bank (15 - two were drive up), Wells Fargo (11) and Chase (10). Geographically the following states will be hardest hit in the coming months: IL (7), OH (7), CA (6) & FL (5). During my 25 year banking career, I helped close over 500 branches and learned a few things to share as a consultant. If done correctly, deposit and household retention is between 90% - 95%. However, you only capture between 10% - 15% of the incremental revenue in the future from these markets. Branch closures take out cost, but at a significant loss of revenue that has to be made up elsewhere. Our branch playbooks help you develop strategies to grab share, talent acquisition and competitive insights on the customers using the closed/closing branch. We can provide traffic patterns, home/work location, demographics, retail usage and other key learnings for targeted marketing opportunities. To learn more and get specific locations closing within your branch network feel free to contact contact me directly and I'm happy to share them with you.

Today's big news sheds light on a concerning reality within the banking industry. An employee at TD Bank bravely speaks out about the immense pressure to sell products to customers, even if it means compromising their well-being. They reveal how this sales-driven culture has taken a toll on their health and conscience. The employee's story isn't unique. Employees from major Canadian banks, including TD, RBC, BMO, Scotiabank, and CIBC, have anonymously shared similar experiences with CBC's Marketplace. They describe a relentless push to meet sales targets, often at the expense of customers' financial health. Undercover investigations by Marketplace uncovered alarming practices, including the pitching of unnecessary financial products and providing misleading advice. Hidden cameras captured bank employees breaking laws and offering advice that contradicts regulations. Despite previous scrutiny and investigations, including a report by the Financial Consumer Agency of Canada (FCAC), which highlighted the risk of prioritizing sales targets over customer interests, the problem persists. Bank employees report that sales targets have resurged, exacerbating financial pressures on Canadians during challenging economic times. Critics argue that the FCAC, tasked with regulating the industry, has been ineffective in curbing these practices. Calls for stricter oversight and penalties resonate as consumers continue to be exploited for profit. As the spotlight shines on these unethical practices, it's crucial for regulatory bodies and financial institutions to prioritize customer well-being over profits. The voices of whistleblowers serve as a reminder of the urgent need for systemic change within the banking sector.

Axis Bank - I would like to express my frustration regarding the difficulties I’ve encountered while attempting to avail a pre-approved personal loan through my savings account. Last week, I contacted your customer care team, who informed me that there was a mismatch in my PAN card details. Following their advice, I visited the nearest Axis Bank branch to have my name updated in the system. However, despite these efforts, the issue persists—the loan section still indicates a PAN card mismatch. After revisiting customer care, I was directed to send an email to resolve the matter. This experience has become increasingly frustrating, as I feel I am being passed from one step to another without a clear resolution in sight. To clarify my situation: 1.) I submitted both my Aadhaar and PAN card when I opened my salary account. 2.) This account has been active and running smoothly for over 5 years. 3.) I have an ongoing personal loan linked to this account, which has been active for almost a year. 4.) Additionally, I have 3 credit cards associated with this account. Given that all these services are being managed without any issues, I find it difficult to understand how a PAN card mismatch could be the root cause of the current problem. I request your urgent intervention to resolve this matter as quickly as possible.