Private Asset Management

Wells Plots Family Wealth Growth 03/02/2010

Wells Fargo’s newly-minted Family Wealth unit, with $28 billion in assets under advisement, is working with the private bank to leverage in-house offerings and connect to outside managers, particularly long-only managers. The private bank has a due diligence team in place to source outside managers, and Family Wealth is looking to use that program to build out its investment platform and create additional performance reporting and add financial administrative services, Michael Cole, executive v.p. and Western division leader, told PAM.

Family Wealth clients can tap into the specialized family office services and be put in touch with personal ...

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