MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank Wealth Management, a top 20 wealth manager,* announced today that Terry Sandven has been appointed chief equity strategist, a new position within U.S. Bank Wealth Management. Sandven reports to Tim Leach, chief investment officer of U.S. Bank Wealth Management.
“Terry brings a strong background in overseeing comprehensive equity strategies to his new position,” Leach said. “His expertise in equity management will help position U.S. Bank Wealth Management as a leading industry voice on developments within the equity markets.”
Sandven will build and lead the strategic equity management team that manages individual stocks not managed by third-party managers for all client accounts of Ascent Private Capital Management of U.S. Bank, the ultra-high-net-worth unit of U.S. Bank Wealth Management. Sandven will also lead the equity workgroup, which supervises equity investment policy and strategic process. Additionally, he will serve as the primary source of information about equity investment at U.S. Bank Wealth Management.
Sandven joins U.S. Bank from Piper Jaffray, where he served for more than 18 years. He most recently served as head of product management and was responsible for analyzing, refining and distributing equity research recommendations across the firm, including market commentary.
Sandven earned a bachelor’s degree in business administration from Concordia College in Moorhead, Minn., and a Master of Arts degree in communication from the University of Wisconsin-Milwaukee. He also holds an M.B.A. degree from the Carlson School of Management at the University of Minnesota.
About U.S. Bank Wealth Management
U.S. Bank Wealth
Management offers comprehensive wealth management services, including
investment management, private banking, personal trust and estate
administration, financial planning, multigenerational wealth planning,
and family dynamics and governance for individuals, families, and their
foundations. Ascent Private Capital Management serves
ultra-high-net-worth clients with $25 million or more of investable
assets; The Private Client Reserve
(privateclientreserve.usbank.com) serves high-net-worth clients with
more than $1 million of investable assets; and The Private Client
Group serves affluent clients with more than $100,000 of investable
assets.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $352 billion in assets as of September 30, 2012, is the parent
company of U.S. Bank National Association, the fifth-largest commercial
bank in the United States. The Company operates 3,086 banking offices in
25 states and 5,080 ATMs and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. U.S. Bancorp and its employees are
dedicated to improving the communities they serve, for which the company
earned the 2011 Spirit of America Award, the highest honor bestowed on a
company by United Way. Visit U.S. Bancorp on the web at usbank.com.
* Barron’s 2012 survey of "Top 40 Wealth Managers,” Sept. 15, 2012.
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 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 other companies or organizations mentioned in this publication. U.S. Bank is not responsible for and does not guarantee the products, services or performance its affiliates or third-parties.