Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Wells Fargo Launches TAA Portfolios Not Rated 4.0 Email Routing List Email & Route  Print Print
Wednesday, December 4, 2002

Wells Fargo Launches TAA Portfolios

by: Sean Hanna, Editor in Chief

San Francisco-based Wells Fargo is rolling out a new asset allocation product built around mutual funds for its small to midsize institutional trust clients, including retirement plans, endowments and foundations. The firm said that it would use its own Wells Fargo Funds and Collective Funds for the product as well as non-proprietary mutual funds.

Wells Fargo Institutional Trust Group handles selection of the funds offered in the asset allocation product. Wells Fargo Funds Management will work with clients to create the allocation based on the clients' profile, investment policy and strategy. The firm said it created the Managed Allocation Portfolios to consolidate the tasks of selecting multiple money managers and allocating assets across multiple investment styles. The bank will use its proprietary tactical asset allocation model to shift and rebalance portfolio holdings according to a client's investment objectives and the current market environment.

"Our local and regional managers work closely with each client to determine their particular investment profile, policy and strategy," explained Mike Hogan, president of Wells Fargo Funds Management.

"Most institutional clients, regardless of size, have similar needs. They want an asset allocation strategy designed specifically for their risk tolerance level and the ability to employ multiple managers within their portfolio," added Doug Murray, senior vice president of Wells Fargo's Institutional Trust Group. "We've developed an extensive investment program of mutual fund-based portfolios coupled with dedicated service for clients who typically do not have the asset scale or in-house resources to achieve these goals in an optimal fashion."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use