Wells Fargo targets tempting but treacherous UHNW market with Abbot Downing launch
With $33 billion of assets and legacy Lowry Hill and Calibre elements, the unit plans to hit the ground running and compete in a realm where RIAs are only starting to make a dent
Wachovia
|Wells Fargo
|Cerulli
|Evercore
|Sanctuary
|Lowry Hill
|Calibre
|Abbot Downing
|Harris myCFO
Related Moves
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The CEO-for-rent will face a monumental challenge turning around Wells Fargo, but perhaps not as bleak a landscape for profit margins; Is the RIA free ride coming to an end?