MINNEAPOLIS, Mar 28, 2011 (BUSINESS WIRE) --
U.S. Bank Wealth Management today announced the appointment of Daniel J.
Rauchle as head of investment management for U.S. Bank's Ultra High Net
Worth Group. Rauchle will lead the investment process and develop and
head the group that creates and implements unique and customized
investment strategies for ultra high net worth clients. This includes
risk management, manager due diligence, asset allocation, portfolio
construction, and investment communication regarding investment policy
and trust and fiduciary issues.
"Dan Rauchle is a seasoned investment executive who brings to our firm a
wealth of knowledge about the asset-management business," said Michael
Cole, president of the Ultra High Net Worth Group. "His experience in
managing money across a wide of variety of platforms will help us serve
our clients more effectively."
Rauchle has more than 22 years of experience in the financial services
industry. Prior to joining U.S. Bank, he was the founder and president
of Wells Fargo Alternative Asset Management, LLC (WFAAM), a subsidiary
of Wells Fargo & Co. He was also head of the Wells Fargo Family Wealth
Alternative Investment Group and served as chairman of both the WFAAM
Investment Advisory Board and WFAAM's SEC-registered funds board.
Rauchle also founded and headed Wells Fargo's Risk- Optics (SM)
investment risk-assessment practice. Prior to joining Wells Fargo, he
was a director with Charles Schwab's Investment Management and
Retirement divisions and also headed U.S. Bank's Qualivest mutual fund
"With his expertise in alternative investments and fund management, Dan
is eminently qualified to provide leadership for the unique investment
platform and strategies required for ultra high net worth clients," said
Tim Leach, chief investment officer of Wealth Management's Asset
Rauchle holds an M.B.A. in finance and investments/real estate
investment analysis from the University of Wisconsin, a J.D. from the
University of Wisconsin School of Law and a B.B.A. degree in finance
from the University of Wisconsin. He is a board member of Hedge Fund
Research, LLC's HFRX Index Committee.
Rauchle began his duties with U.S. Bank's Ultra High Net Worth Group on
March 28, 2011, and works at the U.S. Bank office located at One
California Street in San Francisco.
About the U.S. Bank Wealth Management Group
U.S. Bank's Wealth Management Group offers investment management
services, brokerage, financial planning, private banking, personal
trust, and insurance services to a broad range of clients. The Wealth
Management Group serves ultra high net worth clients with more than $25
million in investable assets through a differentiated client service
approach; high net worth clients with more than $1 million and less than
$25 million in investable assets through The Private Client Reserve; and
affluent clients with more than $100,000 and less than $1 million in
investable assets through The Private Client Group. Brokerage services
are offered through U.S. Bancorp Investments, Inc. and insurance
services are offered through U.S. Bancorp Insurance, LLC.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $308 billion in assets as of Dec. 31,
2010, is the parent company of U.S. Bank, the fifth largest commercial
bank in the United States. The company operates 3,069 banking offices in
25 states and 5,310 ATMs and provides a comprehensive line of banking,
brokerage, insurance, 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.
Alternative investments very often use speculative investment and
trading strategies. There is no guarantee that the investment program
will be successful. Alternative investments are designed only for
investors who are able to tolerate the full loss of an investment. These
products are not suitable for every investor even if the investor does
meet the financial requirements. It is important to consult with your
investment professional to determine how these investments might fit
your asset allocation, risk profile, and tax situation.
|Not a Deposit
||Not FDIC Insured
||Not Guaranteed by the Bank
|May Lose Value
||Not Insured by Any Federal Government Agency
SOURCE: U.S. Bank
U.S. Bank Wealth Management
Cheryl Stone, 612-303-5657
Vice President, Public Relations
U.S. Bank Media Relations
Amy Frantti, 612-303-0733