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Wells Fargo Private Bank Expands Services For Aging Clients
Vanessa Doctor
26 July 2010
Wells Fargo Private Bank has announced the expansion of its Elder Services program to the East Coast. "Over the next 20 years, the US population is expected to grow by 18 per cent, while the elderly population is projected to see 78 per cent growth. We are now positioned to help serve clients from coast to coast as these needs increase," Keith Klovee-Smith, the national manager of Wells Fargo Elder Services, said in a statement. A part of the Elder Services offering is the provision of a dedicated specialist who will work with the client's outside accountants, lawyers, insurers and healthcare providers to coordinate life and financial management services. A relationship team will also work with the client to establish regular check-ins to address their changing needs. The program is also aimed at benefiting clients' children, through offering continuous, in-person support and keeping family members updated according to the client's wishes. Wells Fargo & Company has $1.2 trillion in assets under management.
Elder Services is the bank's wealth and life management division which offers services to help aging adults with everything from the loss of a spouse to mobility and health challenges, as well as investment management, with the goal of helping clients maintain independence and quality of life.