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Ascent Private Capital Management of U.S. Bank Wins 'Best Multi-Family Office Service Provider' Award from Private Asset Management

MINNEAPOLIS--(BUSINESS WIRE)--Feb. 10, 2015-- U.S. Bank Wealth Management, ranked among the top 25 U.S. wealth managers,* announced today that Ascent Private Capital Management of U.S. Bank has been named "Best Multi-Family Service Provider" by Private Asset Management (PAM) magazine, which exclusively covers the wealth management and family-office industry. Ascent was presented with this award at the 2015 PAM Awards in New York City on Feb. 2. Previously, Ascent received the “"Best Private Wealth Manager – Client Service – Over $5 Billion" and “Private Client Investment Platform – Client Service" at the 2014 PAM Awards.

“Once again, we are honored to be recognized by PAM for the services we offer to the client families of Ascent. This honor underlines the dedication we have to delivering the highest level of products and services to our clients in helping them achieve the desired impact of their wealth,” said Ascent President Michael Cole.

Ascent was also short-listed in six other award categories in the 2015 PAM Awards, including 1) “Best Private Wealth Manager – Client Service - Over $5 Billion,” 2) “Best Private Wealth Manager - Over $5 Billion,” 3) “Private Banking – Client Service,” 4) “Private Client Investment Platform – Client Service,” 5) “Best Multi-Family Office – Client Service – Over $2.5 Billion,” and 6) “Best Multi-Family Office – Overall – Over $2.5 Billion.”

Now in their fifth year, The Private Asset Management Awards recognize and reward investment professionals and wealth advisors who have successfully serviced high-net-worth individuals in an increasingly complex economic environment. Nominees have demonstrated consistent financial progress, year-over-year growth, excellence in client satisfaction, and innovative new services. The judging process, using a panel 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, client satisfaction, and product innovation.

About Ascent Private Capital Management
Ascent Private Capital Management helps individuals and families with $50 million or more in net worth make an impact with their wealth by providing highly personalized tactical wealth management (wealth planning, investment management, trust and estate, private banking and family office advisory) and strategic wealth management (family education and communication, preparation of heirs, family governance and philanthropy). For more information, visit ascent.usbank.com.

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE:USB), with $403 billion in assets as of Dec. 31, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The company operates 3,176 banking offices in 25 states and 5,022 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.

* Barron’s "Top 40 Wealth Managers,” Sept. 25, 2014, ranked by client assets in accounts of $5 million or more as of June 30, 2014

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 and services 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.

Source: U.S. Bancorp

U.S. Bank Wealth Management
Michael Walsh, 612-303-9122
Senior Manager of Public Relations

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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