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Wells Fargo Private Bank recognized as leader in wealth counselling by industry peers

05/11/2021
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Wealth industry peers recognize the company for Wealth Counselling services

NEW YORK – Wells Fargo Private Bank, a Wealth and Investment Management (WIM) business has been awarded the best Wealth Counselling offering from Family Wealth Report (FWR), a Clearview media company, in its annual awards. The FWR Awards showcase the best of wealth providers in the global private banking, wealth management and trusted advisor communities, and recognizes companies, teams and individuals that demonstrated innovative excellence during 2020.  WIM serves clients through Wells Fargo Advisors and The Private Bank, which help individuals and families build, manage, preserve and transfer their wealth.

“Being recognized by our peers in the wealth industry is a true honor,” said Michael Liersch, head of WIM’s Advice and Planning Center of Excellence. “We focus on the full client experience, including both the quantitative and human aspects of managing wealth.  Our Family Dynamics team works directly with clients to enhance communication among families and help ensure successful transition of wealth across generations.”

The business was recognized for providing family wealth counseling services to clients based on helping clients navigate wealth’s most complex questions, including maintaining family alignment and connectivity; educating and preparing next generations; and ensuring that structures and processes are in place to support effective family decision making. “We are proud of our team of professionals in the Institute for Family Culture (IFC), said Beth Renner, head of the WIM Advice Center. “We are proud to offer qualitative counselling resources: Family and Business History; Family Dynamics, Education and Governance; Family Business Transitions; and, Social Impact Analysis to clients across Wells Fargo.” 

“As pioneers in this industry, we are humbled to be recognized by our peers. Since 2002 we have provided families with customized wealth counselling support to help families across multiple generations be good stewards of their wealth and leave a legacy for their families and communities,” said Arne Boudewyn, head of the Institute for Family Culture.

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“The awards recognize excellence in wealth management and the very best in the private client industry,” said Stephen Harris, CEO of ClearView Financial Media and publisher of the London-based Family Wealth Report. “Our judging process is based on independence, integrity and genuine insight.”

In 2020, Wells Fargo & Company was recognized for providing wealth planning services to clients based on a foundation of sound, thoughtful, and objective consulting. Now in its seventh year, the Family Wealth Report Awards focus on three categories: experts (individuals and teams); products and services for wealth managers and clients; and institutions of all sizes and types.

Family Wealth Report Awards a ClearView Financial Media company, announced the award winners on May 6, 2021. After being reviewed by a panel of judges the selections was made based upon an advisor’s or firm’s ability to provide counselling services to families of significant wealth or their owned enterprises; helping them navigate the complex issues around generational transition, governance and leadership. The Family Wealth Report Awards showcase the wealth providers in the global private banking, wealth management, and trusted advisor communities, and recognizes companies, teams, and individuals that demonstrate excellence in their given category. Wealth & Investment Management serves clients through Wells Fargo Advisors and The Private Bank, which help individuals and families build, manage, preserve, and transfer their wealth.

About Wells Fargo Wealth & Investment Management

Wells Fargo Wealth & Investment Management (WIM) is a division within Wells Fargo & Company. WIM provides financial products and services through various bank and brokerage affiliates of Wells Fargo & Company and is one of the largest wealth managers in the U.S., with nearly $2 trillion in client assets. WIM serves clients through the following businesses: Wells Fargo Private Bank serves high-net-worth individuals and families; Abbot Downing serves ultra-high-net-worth individuals and families; and Wells Fargo Advisors provides advice and guidance to help clients maximize all aspects of their financial lives. Through Wells Fargo Private Bank and Abbot Downing, WIM is also a leading provider of trust, investment, and fiduciary services, including personal trust services and a number of specialized wealth services designed to meet the diverse needs of high-net-worth clients.

Wells Fargo Private Bank and Abbot Downing, Wells Fargo businesses, provide products and services through Wells Fargo Bank, N.A., and its various affiliates and subsidiaries. Wells Fargo Bank, N.A., is a bank affiliate of Wells Fargo & Company.

Brokerage services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Wells Fargo Bank, N.A., offers various advisory and fiduciary products and services including discretionary portfolio management. Wells Fargo affiliates, including financial advisors of Wells Fargo Advisors, a separate non-bank affiliate, may be paid an ongoing or one-time referral fee in relation to clients referred to the bank. The bank is responsible for the day-to-day management of the account and for providing investment advice, investment management services, and wealth management services to clients. The role of the financial advisor with respect to bank products and services is limited to referral and relationship management services.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

2021 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.

Contact Information
Media
Julie Andrews, 704‑914‑7770
Julie.Andrews@wellsfargo.com

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