SAN DIEGO--(BUSINESS WIRE)--Apr. 25, 2016--
U.S. Bank has named Scott Schmid as the market leader for The Private
Client Reserve in San Diego. U.S. Bank manages $125 billion of assets
for clients, and its wealth management business is ranked among the top
20 wealth management firms* in the country. Scott, who is currently a
wealth management advisor and managing director for The Private Client
Reserve’s St. Louis office, will assume the new role on May 9 and will
relocate to San Diego to lead that office. The former head of the San
Diego office, John Zygowicz, retired in late 2015.
“Scott’s extensive experience, innate leadership ability, and unwavering
commitment to our clients make him the ideal choice to lead the San
Diego office for The Reserve,” said Mike Ott, president of The Private
Client Reserve. “He has more than proven his worth with our St. Louis
office, and we are thrilled that he will bring that same work ethic and
dedication to our clients to the San Diego office.”
Scott, who has more than 25 years of financial services experience,
joined The Private Client Reserve in 2010. During the past six years, he
has focused on creating a comprehensive wealth planning approach for his
clients that not only can help protect and grow their investments, but
also helps manage their liabilities, risks, and personal philanthropic
goals. He oversees approximately $3 billion in client investments, of
which $300 million is in active foundation and charitable administration.
“San Diego is an important market for us, and I am thrilled that we have
someone the caliber of Scott to lead that office and provide our clients
with stellar service. Scott represents everything we are looking for in
an ethical, client-focused, forward-thinking leader,” said Mary
Martuscelli, west region president of The Private Client Reserve.
Scott received a bachelor’s degree in business administration from Rice
University in Houston, and an MBA in finance from Washington University
in St. Louis. He currently serves on the boards of The Little Bit
Foundation, The Dana Brown Foundation, The Sidney R. Baer Foundation and
John Burroughs High School. Scott is a father of three and in his spare
time enjoys tennis, golf and movies. He and his wife, Rhonda, currently
reside in St. Louis and plan to relocate to San Diego.
“I am excited to be able to share my deep knowledge of the unique
services of The Private Client Reserve with our clients in the San Diego
area,” Scott said. “The integrity and culture of this firm is truly
inspiring. The non-product nature of our advice and the focus on serving
clients first is a rare combination in the financial services industry
today. I look forward to fully engaging our clients in San Diego and
further strengthen the commitment and effectiveness of an already very
strong team.”
About The Private Client Reserve
The Private Client Reserve
serves individuals and families, business owners, including corporate
executives, professionals and others who have complex financial
interests and needs. Key services include investment management, private
banking, trust and estate services and wealth planning. The Reserve is
committed to providing consistent high-quality advice and individualized
attention. For more information, visit reserve.usbank.com.
About U.S. Bancorp
U.S. Bancorp (NYSE:USB), with $422
billion in assets as of Dec. 31, 2015, is the parent company of U.S.
Bank National Association, the fifth largest commercial bank in the
United States. The company operates 3,133 banking offices in 25 states
and 4,936 ATMs and provides a comprehensive line of banking, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. U.S. Bank has been recognized by the Ethisphere
Institute as a 2016 World's Most Ethical Company™. Visit U.S. Bancorp on
the web at www.usbank.com.
* Barron’s "Top 40 Wealth Management Firms,” Sept. 26, 2015, ranked
by client assets in accounts of $5 million or more as of March 31, 2015.
Deposit products offered by U.S. Bank National Association. Member FDIC.
Credit products offered by U.S. Bank National Association 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.
U.S. Bank is not affiliated with the companies or organizations
mentioned above.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160425006213/en/
Source: U.S. Bank
U.S. Bank
Michael Walsh, 612-303-9122
vice president of public
relations
michael.walsh@usbank.com