Wells Fargo Advisors has introduced a new rewards program in its deferred-compensation plan, according to Investment News.

Bonuses used to be based on growth in revenue, but will now be based on  bringing in new assets, the paper reported yesterday.

The minimum amount of net new assets to qualify for this award is $500,000, and the incentive is 2 percent of an adviser’s total revenue, according to a Wells Fargo spokesperson.

The award is also partially based on the tenure of the advisor.

An advisor with seven years at the firm who brings in $600,000 in revenue and $750,000 in net new assets would receive a bonus of 2 per cent on that $600,000, or $12,000.