Wells Fargo Cuts Reliance on Proxy Advisers with in-House Voting System

Wells Fargo cuts reliance on proxy advisers with in-house voting system

U.S. banking giant has also severed ties with ISS, source says

Wells Fargo Launches In-House Proxy Voting for $2.5T Assets

Wells Fargo Wealth & Investment Management (WIM) has taken a significant step towards greater independence and control over its proxy voting process, launching a new proprietary system to manage voting for its $2.5 trillion in client assets. This move comes as the asset management industry faces increasing scrutiny and criticism from anti-ESG politicians, who have targeted external proxy voting… Source

Wells Fargo cuts ties with proxy adviser ISS, WSJ reports