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Wells Fargo Private Bank
Wells Fargo Private Bank is a US-based family office offering financial and wealth management services to clients. It focuses on the private equity sector,...
Overview
Wells Fargo Private Bank is a US-based family office offering financial and wealth management services to clients. It focuses on the private equity sector, particularly in the education industry.
General information
Firm type
Bank / Wealth / Trust
Year founded
1852
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Charlie Scharf
Chief Executive Officer, Wells Fargo & Company
Barry Sommers
CEO, Wealth & Investment Management
Sector focus
Frequently asked questions
Who runs investment decisions at Wells Fargo Private Bank?
Investment decisions are driven by an internal asset allocation committee and a manager-selection team embedded within the Wealth & Investment Management division. The group does not operate with a single named CIO whose portfolio changes drive firm-wide positioning; instead, model portfolios are constructed centrally and tailored by private bankers and portfolio managers in regional offices. Wells Fargo Private Bank relies heavily on third-party managers for alternatives, with an internal gatekeeper team vetting external funds before they appear on the platform.
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