The program integrates life and wealth management solutions, assisting clients with the challenges of life transitions and maintaining their personal and financial independence. In her role, Tinyo will be responsible for national leadership of the program, which provides support to a team of trust and fiduciary specialists across the US.

Family Wealth Report can confirm that she replaces Keith Klovee Smith, who has retired.

Tinyo was previously senior vice president of operations for 11 years at Los Angeles, CA-based LivHOME, a provider of at-home caregiving and elderly care management services.

“Anne Tinyo brings tremendous experience working with older adults and helping them maintain independence, financial stability and quality of life,” said Jeff Savage, head of specialized wealth services at Wells Fargo Private Bank. 

Wells Fargo Life Management Services – available in 32 states - is one of nine lines of business that comprise the bank’s specialized wealth services, which is part of its investment and fiduciary offering. 

Tinyo noted that, according to the US Census Bureau, over 75 million Baby Boomers will surpass the age of 60 in the next 20 to 30 years. People aged 90 and above are “the fastest growing segment of our population today,” she said. “Despite these statistics, there is still a lot of evidence that people fail to consider how they will manage their health and finances, and maintain their lifestyles as they age.”

Indeed, recent research by Merrill Lynch and Age Wave explored three major forces that are “redefining” how individuals plan for later life, including an “empowered” Baby Boomer generation of healthcare consumers, the potential rise of chronic disease due to longer lifespans, and how longevity is causing health and wealth to converge “like never before.” It emerged that individuals – regardless of net worth - are now more concerned about the cost of healthcare than they are about outliving their own money in retirement, a finding with considerable ramifications for wealth managers.

In other recent news at Wells Fargo Private Bank, this week Erik Davidson was appointed as CIO, taking over the reins from Dean Junkans, who is also retiring at the end of the year.

Wells Fargo Private Bank - which, according to Barron's, is the fourth largest wealth management provider in the US - serves clients across North America and internationally. It has over $190 billion in assets under management as of end-September.