MINNEAPOLIS, Sep 29, 2011 (BUSINESS WIRE) --
U.S. Bank, a leading provider of wealth management and private banking
services, is pleased to announce that U.S. Bank Wealth Management, a
division of U.S. Bank serving affluent, high-net-worth and
ultra-high-net worth individuals and families, ranks among the nation's
largest wealth management firms in terms of assets under management,
according to the financial news weekly publication Barron's.
Barron's ranked U.S. Bank Wealth Management No. 16 in Barron's
2011 list of the "Top 40 Wealth Managers" in the United States. The
annual ranking, which was published in the Sept. 19, 2011, issue of Barron's,
is based on assets under management in accounts of $5 million or more as
of June 30, 2011. The full list of the "Top 40 Wealth Managers" appeared
in PENTA, Barron's quarterly publication focusing on families
with assets of $5 million or more.
"We are pleased with the Barron's ranking," said Mark Jordahl,
president of U.S. Bank Wealth Management. "U.S. Bank has made a
significant investment in its wealth management business since 2008, and
the Barron's ranking speaks to the success that our wealth
management advisors are having in serving the needs of our clients."
During the past three years, U.S. Bank Wealth Management has developed
three distinctive service models to meet the unique needs of each type
of private client. With more than 100 years of experience in delivering
comprehensive wealth management strategies, U.S. Bank Wealth Management
serves individuals and families with investable assets of $100,000 to
more than $100 million.
About U.S. Bank Wealth Management
U.S. Bank's Wealth Management Group offers investment management
services, private banking, trust and estate services, financial
planning, multigenerational wealth planning, family dynamics and
governance, brokerage 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 Ascent Private
Capital Management; high net worth clients with more than $1 million in
investable assets through The Private Client Reserve; and affluent
clients with more than $100,000 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 $321 billion in assets as of June 30,
2011, is the parent company of U.S. Bank, the fifth-largest commercial
bank in the United States. The company operates 3,086 banking offices in
25 states and 5,086 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. U.S. Bancorp and its
employees are dedicated to improving the communities they serve, for
which the company earned the 2011 Spirit of America Award, the highest
honor bestowed on a company by United Way. Visit U.S. Bancorp on the web
Deposit products offered by U.S. Bank National Association. Member FDIC.
Credit products offered by U.S. Bank and subject to normal credit
Investment products are:
|Not a Deposit
||Not FDIC Insured
||Not Guaranteed by the Bank
|May Lose Value
||Not Insured by Any Federal Government Agency
Insurance products, including annuities, are available through U.S.
Bancorp Insurance Services, LLC, U.S. Bancorp Investments, Inc., in
Montana: U.S. Bancorp Insurance Services of Montana, Inc., and in
Wyoming: U.S. Bancorp Insurance & Investments, Inc. All are licensed
insurance agencies and subsidiaries of U.S. Bancorp and affiliates of
U.S. Bank. Insurance and annuity policies are underwritten by
unaffiliated insurance companies and may not be available in all states.
California Agency #OE24641. U.S. Bank is not responsible for and does
not guarantee the products, services, or performance of its affiliates.
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.
SOURCE: U.S. Bank
U.S. Bank Wealth Management
Cheryl Stone, Vice President, Public Relations, 612-303-5657
Amy Frantti, U.S. Bank Public Relations, 612-303-0733