Wells Fargo loses big client after dialing up risk in retirement funds

Reuters --------- After Wells Fargo & Co (WFC.N) decided to ramp up risk in its flagship age-based retirement funds last year, one of its largest customers decided to call it quits, unhappy with the new investment strategy and how the bank handled the transition. Wells Fargo notified investors in April 2017 that its target-date funds would become more aggressive, outlining a plan for better returns that included buying junk bonds, stocks in emerging markets and derivatives. It was a stark difference from the conservative investment strategy for which the funds were known. To learn more click on the picture below to read the article.