As Wells Fargo prepares to purge thousands of accounts from its private bank, leaked documents reveal the script its wealth advisors are using to prevent downgraded clients from jumping ship

Wells Fargo CEO Charlie Scharf is , and tens of thousands of customers are about to feel the pinch.Last year, in an effort to streamline its sprawling wealth-management business, Wells Fargo folded its private-banking operations into its brokerage unit; retired the upscale Abbot Downing brand, which catered to clients with at least $50 million in assets; and absorbed Abbot Downing into the private bank.   Now, in a move that stands to affect... + full article