POSTED BY | Ene, 19, 2021 |

Wells Fargo is close to selling its asset management business, and the likely buyer is a private equity consortium headed by GTCR and Reverence Capital Partners, according to Reuters. If you can't find your password reset email, please check your spam/junk folder. According to Reuters, which cited unnamed sources, Wells is in exclusive talks to sell its asset management arm to a private equity group led by GTCR LLC and Reverence Capital Partners LP.. A spokesman for Wells Fargo declined to comment when approached by Citywire. Wells Fargo is reportedly in talks to sell its asset management arm. Wells Fargo close to deal with buyout firms for asset management business FILE PHOTO: Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Per a Bloomberg report (citing persons familiar with the matter), Wells Fargo’s WFC asset management operation is expected to attract second-round bids from several firms. Scharf, the bank's chief executive who took over in late 2019, suggested on an Oct. 14 earnings call with analysts that a sale of some noncore businesses is on the table. The divestment would represent the U.S. bank's biggest shake-up since former Bank of New York Mellon Chief Executive … Wells Fargo Private Bank provides products and services through Wells Fargo Bank, N.A., and its various affiliates and subsidiaries. Wells Fargo declined to comment. Please enter your email address, and you will receive an email detailing how to reset/create your password. Representatives for Wells Fargo, GTCR and Reverence declined to comment. Wells Fargo & Company and its affiliates do not provide tax or legal advice. With a focus on your preferred investment style and holdings, our specialists offer extensive experience, solutions, and strategies across a range of investment sectors, traditional and alternative securities, and specialty assets. Get investment advice that is designed for you. Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. Wells Fargo Advisors. They have been cutting costs and shedding noncore businesses. Trump's plans to … Those are the four investment outcomes that we are intensely focused on at Wells Fargo Asset Management. When inquired by Reuters, Wells Fargo declined to comment, while US-based GTCR and Reverence did not respond to requests for comment. We address your cash flow, liquidity, time horizon, and tax needs. Wells Fargo (WFC) in exclusive talks to sell asset management business to GTRC and Reverence Capital - Reuters January 14, 2021 11:44 AM EST Tweet Europe. is a bank affiliate of Wells Fargo & Company. Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than $607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with the matter. With regards to Wells Fargo Asset Management, Goldman Sachs Asset Management is one of the favorites to buy the company as well as TA Associates, which already owns Russell Investments and would essentially rip up WFAM into smaller businesses and try … A private equity consortium led by GTCR LLC and Reverence Capital Partners LP, is in talks to acquire Wells Fargo’s asset management business, reported Reuters. Email Address ... Further instructions have been sent to your email address. United Kingdom 33 King William Street London EC4R 9AT. Whether you own or want to own investment real estate, we can assist you with commercial, residential, agricultural, and other types of properties. Investment products and services are offered through Wells Fargo Advisors. Chicago-based GTCR and New York-based Reverence did not respond to requests for comment. Wells Fargo Asset Management (WFAM) is a trade name used by the asset management businesses of Wells Fargo & Company. Wells Fargo Asset Management does not provide tax advice. December deadliest month of COVID-19 pandemic. WELLS FARGO ASSET MANAGEMENT (INTERNATIONAL), LLC - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity 31 October 2019 Wells Fargo Capital Finance UK team Wins Asset-Based Lender Deal of the Year from Insider Media. Wells Fargo has held talks with potential asset management companies and private equity firms, but no deal is confirmed yet, Reuters said. WELLS FARGO ASSET MANAGEMENT (INTERNATIONAL), LLC - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Wells Fargo Asset Management 525 Market Street, 12 th Floor San Francisco, CA 94105 NMLSR ID 399801. He has been cutting costs and shedding noncore businesses. Corporate Offices Wells Fargo 420 Montgomery Street San Francisco, CA 94104. Wells Fargo’s asset management arm, which managed $578 billion on behalf of customers as of the end of June, could fetch more than $3 billion in a sale, two of the sources said. Wells Fargo is reportedly in talks to sell its asset management arm. Chicago-based GTCR and New York-based Reverence did not respond to requests for comment. Wells Fargo Asset Management Corporation provides financial services. Alternative investments carry specific investor qualifications which can include high income and net-worth requirements as well as relatively high investment minimums. Wells Fargo Asset Management provides the expertise, strategies, and portfolio solutions you need to achieve your investment goals. Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN). According to Reuters, which cited unnamed sources, Wells is in exclusive talks to sell its asset management arm to a private equity group led by GTCR LLC and Reverence Capital Partners LP.. A spokesman for Wells Fargo declined to comment when approached by Citywire. With social Media you are agreeing to our terms and conditions, © 1999 - 2021 Wells asset., liquidity, time horizon, and wealth Management strategies look beyond return and risk learning platform investment., GTCR and Reverence declined to comment EC4R 9AT develop investment and retirement plans that are easy understand... 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