Best Private Wealth Manager – Client Service – over $5 billion
Private Client Investment Platform – Client Service
MINNEAPOLIS--(BUSINESS WIRE)--Mar. 4, 2014--
U.S. Bank Wealth Management, ranked among the top 20 U.S. wealth
managers,* announced today that Ascent Private Capital Management of
U.S. Bank ("Ascent") has been named "Best Private Wealth Manager –
Client Service – over $5 billion” by Private Asset Management
(PAM) Magazine, the industry publication that exclusively covers the
wealth management and family office industry. Ascent was presented with
this award, along with the award for “Private Client Investment Platform
– Client Service,” at the 2014 PAM Awards in New York City on February
24. Last year, Ascent was named “Best Newcomer – Private Wealth
Management” at the 2013 PAM Awards after completing its first full year
of operation in 2012.
Ascent was launched in late 2011 to focus on serving the needs of
clients with $50 million or more in net worth at U.S. Bank, which has
been supporting clients in their stewardship of wealth for more than 150
years.
Ascent President Michael Cole commented, "We are delighted that PAM has
recognized Ascent for our excellence and innovation in both client
service and the investment platform that we offer clients. This honor
underlines the dedication we have to delivering the highest level of
products and services to our clients while also helping them manage the
impact of their wealth.”
Mark Jordahl, president of U.S. Bank Wealth Management, said: “We are
committed to meeting the unique needs of our clients, whatever they may
be. Ascent’s PAM awards this year are a significant industry
acknowledgement that Ascent is serving clients of great wealth with
outstanding client service and investment products.”
Ascent was also short-listed in four other award categories in the 2014
PAM Awards, including 1) Best Private Wealth Manager – over $5 billion,
2) Best Multi-Family Office – Client Service – over $2.5 billion, 3)
Best Multi-Family Office – Overall – over $2.5 billion, and 4) “Best
Multi-Family Office Service Provider.”
The PAM Awards, organized by PAM Magazine, are designed for investment
professionals and wealth advisors operating within the private asset
management industry. The majority of firms apply to be nominated for the
PAM Awards. Nominees on the short list are leaders who have demonstrated
consistent financial progress, year-over-year growth, excellence in
client satisfaction, and innovative new services. The judging process,
using a panel made-up of industry experts, is based on a mixture of
qualitative and quantitative performance indicators including; financial
progress and performance track-record, growth in client numbers, hires
and geography, client satisfaction, and product innovation.
About Ascent Private Capital Management of U.S. Bank
Ascent
Private Capital Management of U.S. Bank provides wealth management
services to individuals and families of significant resources who aspire
to make a positive and lasting impact on their communities and the
world. Ascent serves its clients through an innovative and highly
personalized client service model that integrates traditional tactical
wealth management services (financial planning, investment management,
private banking, personal trust and estate administration, information
management and financial administration) with strategic wealth impact
planning services that address family dynamics, family governance and
risk management, education and preparation of heirs, leadership,
communication and philanthropy. Visit Ascent at http://ascent.usbank.com.
About U.S. Bank Wealth Management
U.S. Bank Wealth
Management offers comprehensive wealth management services, including
investment management, private banking, personal trust and estate
administration, wealth planning, and family dynamics and governance for
individuals, families, and their foundations. Ascent Private Capital
Management(ascent.usbank.com) serves ultra-high-net-worth clients
with $50 million or more in net worth; The Private Client Reserve
(reserve.usbank.com) serves high-net-worth clients with more than $1
million of investable assets; and The Private Client Group serves
affluent clients with more than $100,000 of investable assets.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $364 billion
in assets as of Dec. 31, 2013, is the parent company of U.S. Bank, the
fifth-largest commercial bank in the United States. The company operates
3,081 banking offices in 25 states and 4,906 ATMs and provides a
comprehensive line of banking, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. Visit U.S.
Bancorp on the web at www.usbank.com.
Deposit products offered by U.S. Bank National Association. Member FDIC.
Credit products offered by U.S. Bank and subject to normal credit
approval.
Investment products are:
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Not a Deposit
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Not FDIC Insured
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Not Guaranteed by the Bank
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May Lose Value
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Not Insured by Any Federal Government Agency
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U.S. Bank and its representatives do not provide tax or legal advice.
Each individual’s tax and financial situation is unique. Individuals
should consult their tax and/or legal advisor for advice and information
concerning their particular situation.
* Barron’s "Top 40 Wealth Managers,” Sept. 16, 2013, ranked by client
assets in accounts of $5 million or more as of June 30, 2013
Source: U.S. Bank
Cheryl Stone, APR
U.S. Bank Wealth Management
(612) 303-5657