Head of Operations and Branch Infrastructure
Erik Karanik is head of Operations and Branch Infrastructure at Wells Fargo Advisors. In this role, he is responsible for the day-to-day functions of the front-, middle- and back-office operations. Erik also leads the design and implementation of branch manager and financial advisor compensation plans, and oversees the due diligence related to hiring experienced financial advisors, and developing the firm’s strategy around financial advisor teams and succession plans. Erik is also responsible for the management of the real estate footprint for the retail branch network. He sits on the Wells Fargo Advisors Operating Committee.
Erik joined Wells Fargo Advisors in 1990. Prior to his current role, he was the director of national operations where he led branch manager and financial advisor compensation, including design, communication and implementation, overseeing the agreements related to hiring experienced financial advisors, client transition agreements for retiring financial advisors, and financial consultant agreements. In this role, Erik also had responsibility for operations and technology for the retail branch system. Earlier, he held various roles in Financial Analysis and Planning, Management Reporting, Strategic Initiatives, and Project Management.
Erik earned his bachelor’s degree in business administration from Villanova University. He currently serves on the Board of Directors for Saint Louis ArtWorks and is the executive sponsor of the Wells Fargo Advisors PRIDE Team Member Network. Erik and his wife, Alexis, live in St. Louis.