Ascent also highly commended for “Best Multi-Family Office – Client
Service – Over $2.5 Billion”
MINNEAPOLIS--(BUSINESS WIRE)--Feb. 19, 2013--
U.S. Bank Wealth Management, among the top 20 wealth managers,* is
pleased to announce that Ascent Private Capital Management of U.S. Bank,
its ultra-high-net-worth business division, won “Best Newcomer – Private
Wealth Manager” and was highly commended for “Best Multi-Family Office –
Client Service – Over $2.5 Billion” in the 2013 Private Asset Management
(PAM) Awards in New York City on February 12. Ascent President Michael
Cole was in New York to accept the awards.
The PAM Awards annually honor private wealth managers for excellence and
innovation in private asset management for the country’s wealthiest
families. Ascent was recognized for outstanding innovation, rapid
growth, and excellence in client service after its first full year of
“This is a great honor for the entire Ascent team,” Cole said. “We’re
proud of our innovative approach to managing wealth and its impact and
are gratified that our efforts to help our clients preserve their assets
and create impact with their wealth have been so highly recognized in
the wealth-management industry.”
During its first year of operations, Ascent’s client base and client
assets grew exponentially. Ascent now has offices in Minneapolis,
Denver, Seattle, and Cincinnati. Another office will open in San
Francisco this year.
About Ascent Private Capital Management
Capital Management of U.S. Bank (ascent.usbank.com) provides advisory
services to individuals and multi-generational families with more than
$50 million in net worth who may have private businesses and foundations
and who aspire to making an impact on their communities and the world at
large. Using a fully integrated service model, Ascent Private Capital
Management provides ultra-high-net-worth clients with an innovative and
personalized client-service model that combines traditional wealth
management offerings –- financial planning; investment management;
private banking; personal trust and estate administration services;
information management; and financial administration -– with
cutting-edge “wealth impact” planning and communication services that
may help families of wealth in the areas of family dynamics; family
governance and risk management; multigenerational wealth transfer with
education and preparation of heirs; leadership and communication
assessment; strategic planning; education; stewardship; and philanthropy.
About the Private Asset Management (PAM) Awards
Awards annually reward excellence and innovation in private asset
management and are hosted by Private Asset Management Magazine (PAM),
the only publication and online news source dedicated to wealth
management and family offices. The magazine brings readers actionable
information regarding best business practices, investment management and
trust services, and incorporates breaking industry news, people moves,
in-depth trend articles, and profiles on top multi- and single-family
offices and wealth management firms. The annual awards are specifically
designed for firms operating within the private asset management
industry that have proven themselves over the course of the previous
year. The judging process uses an independent panel composed of industry
experts and is based on a mixture of qualitative and quantitative
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $354 billion in assets as of Dec. 31, 2012, is the parent company
of U.S. Bank, the fifth-largest commercial bank in the United States.
The company operates 3,084 banking offices in 25 states and 5,065 ATMs
and provides a comprehensive line of banking, investment, mortgage,
trust and payment services and products to consumers, businesses and
institutions. Visit U.S. Bancorp on the web at www.usbank.com.
* Barron’s “Top 40 Wealth Managers,” Sept. 17, 2012, ranked by
client assets in accounts of $5 million or more as of June 30, 2012.
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
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. U.S. Bank is not responsible for and does not guarantee
the products, services or performance of third-parties.
Source: U.S. Bank
Vice President, Public Relations
Bank Wealth Management
Bank Wealth Management