Wells Fargo & Company's Family Wealth Group has been named Platform Provider of the Year by Private Asset Management, a publication of Institutional Investor. The award recognized the group for its multi-family office research and education platform and its generation-specific programs.
"We were impressed by Wells Fargo's efforts this year to develop its family office group, particularly in the areas of generational planning, educational programs and a platform that seemed to be very client-specific based on an individual family's needs," said Marianne Nardone, managing editor of Private Asset Manager. "We looked for firms with unique, trend-setting products, services or strategies that helped to grow business and serve clients better."
The Family Wealth Group combines investment management and risk management capabilities with a broad view of wealth management that includes family enterprise governance and legacy planning. Wells Fargo has developed capabilities for managing the current and future impacts of wealth on all aspects of family life, in response to the changing needs of these families.
Michael Cole, executive vice president and national director of the Family Wealth Group said: "We're honoured that the Family Wealth Group was recognized for setting trends in the family office business. Our goal is to address all the important challenges that come along with wealth, including how it affects our clients and their families."