Wells Fargo Advisors Financial Network (WFAFN), the independent brokerage arm of Wells Fargo & Company, has expanded and realigned its supervision team in anticipation of continued growth in its independent financial adviser base.

According to Wells Fargo, the number of advisers affiliating with its independent broker-dealer has grown 24% over the past 18 months. In order to address the needs of these additional business owners, including training, monitoring the execution of trades and ensuring the maintenance of professional standards and compliance issues, WFAFN has both expanded its supervision team and realigned the group to more efficiently support advisers in their local markets.

The supervision team comprises a director and three team leads who manage the firm’s network of regional supervisors who, in turn, serve as points of contact for WFAFN business owners concerning sales supervision topics.

John Peluso, president of WFAFN, said: “We believe that our unprecedented growth is a direct result of the way we deliver full-service investment services through advisers who help meet the financial needs of their clients in their markets. To sustain that rate of growth, it’s important for us to deliver personal service to each practice while providing easy access to Wells Fargo’s technology and comprehensive product platform.”

Since 2001, when the independent arm of the firm was established, client assets have increased 600% to $40bn.