Wells Fargo debuts AI Teammate assistant for wealth advisors

AI Teammate is a chat assistant inside Wells Fargo's wealth and investment management unit. Advisors use it for client questions, planning tasks and routine admin. The logic is plain: if prep work shrinks, the same advisors carry more relationships, and the unit's revenue keeps growing. It rose about 13% to 14% a year in 1Q26 and 2Q26. That model is imperfect. A drafted answer is still advice once a client sees it, and someone must check it and file it. Why would a bank with more regulatory baggage than JPMorgan or Bank of America push this? Because the fee story depends on scale. A faster kitchen still needs a health inspector. For your bank, buying the tool is the easy part. Deciding who reviews its drafts is not.