Closely Held Asset Manager 4

Wells Fargo

Job Description

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.  In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application. 

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wealth & Investment Management, or WIM, is one of the United States’ leading providers of financial and investment services. WIM provides a full range of personalized wealth management, investment, and retirement products and services to meet clients’ unique needs and help them achieve financial goals. Our mission is to help clients pursue their financial goals with confidence. We accomplish this by:

  • Building enduring client relationships through sound, thoughtful, and objective advice
  • Developing individualized plans for clients to help meet their financial objectives
  • Helping clients build, manage, preserve, and transition their financial resources and wealth

WIM serves clients through the following businesses:

  • Wells Fargo Private Bank serves high-net-worth individuals and families.
  • Wells Fargo Advisors provides investment advice and guidance to clients through more than 13,200 full-service financial advisors and referrals from more than 5,450 licensed bankers. 
  • Wells Fargo Asset Management brings together a strategic balance of investment capabilities to serve the investment needs of institutions, financial advisors, and individuals worldwide.

Through Wells Fargo Private Bank, WIM is also a leading provider of trust, investment, and fiduciary services, including personal trust services and a number of specialized wealth services designed to meet the diverse needs of high-net-worth clients.

As a part of Business Advisory Services (BAS), within Specialized Wealth Services, the Closely Held Asset Manager is responsible for the management of a complex portfolio of Closely Held Business Interests, including stock and other ownership interests, held in WM fiduciary accounts. 

The Closely Held Asset Manager will perform on-going asset review reporting activities, including business financial and operating performance analysis, in order to assess and manage risk, support account acceptance and holding recommendations, and to ensure compliance with banking regulations, fiduciary standards and Wells Fargo’s investment policy. Apply financial, operating and other relevant business information in appropriate valuation methodologies and models to derive and support pricing estimates. Establish solid business relationships with internal partners, business stakeholders, and centers of influence in order to provide an unparalleled level of client service in resolving asset related issues, carrying out asset sale negotiations, assisting in new business development and raising market awareness of BAS services. 

In addition, the Closely Held Asset Manager may serve on closely held entity Board of Directors and other governing bodies. Responsible for understanding and analyzing entity financial statements and tax returns, business operating information, complex legal documents and corporate actions. Communicates the recommendations, decisions and concepts derived from such analysis to business executives, attorneys, CPA s and Wells Fargo’s internal professionals. Provides guidance to less senior asset managers.

We are open to location for a well qualified candidate. 

Salary range is determined by the location of the job

The salary range displayed below is based on a Full-time 40 hour a week schedule.

MN-Minneapolis: Min: $84,000 Mid: $120,000 Max: $156,000
TX-DAL-North Dallas: Min: $84,000 Mid: $120,000 Max: $156,000
TX-Houston: Min: $84,000 Mid: $120,000 Max: $156,000
MO-Saint Louis: Min: $84,000 Mid: $120,000 Max: $156,000
IL-Chicago: Min: $92,400 Mid: $132,000 Max: $171,600
AZ-Tempe: Min: $84,000 Mid: $120,000 Max: $156,000
AZ-PHX-Northwest Phoenix: Min: $84,000 Mid: $120,000 Max: $156,000
CO-Denver: Min: $84,000 Mid: $120,000 Max: $156,000

May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards

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Required Qualifications

  • 6+ years of relationship management experience

Desired Qualifications

  • A Master of Business Administration (MBA)
  • Knowledge and understanding of financial industry closely held business practices
  • Financial accounting experience
  • Financial analysis experience
  • Financial analysis or accounting experience
  • Knowledge and understanding of accounting, business, or law
  • A Juris Doctor (JD) degree
  • Experience building partnerships and consulting effectively with leadership
  • Ability to synthesize complex analytical findings into executive level communications
  • Ability to think creatively to find innovative solutions to complex analytical questions
  • Knowledge and understanding of analytical methods used to: evaluate companies or financial statements
  • Ability to prepare and present senior level communications
  • Highly refined and professional verbal and written communications

Other Desired Qualifications
  • Business Valuation Certification (ASA or ABV)
  • Strong understanding of finance
  • Ability to build relationships and become a trusted advisor to C-Suite Business Owners
  • CFA

Job Expectations

  • Ability to travel up to 20% of the time

Street Address

MN-Minneapolis: 90 S 7th St - Minneapolis, MN
TX-DAL-North Dallas: 14241 Dallas Parkway - Dallas, TX
TX-Houston: 2700 Post Oak Blvd - Houston, TX
MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO
IL-Chicago: 10 S Wacker Drive - Chicago, IL
AZ-Tempe: 1305 W 23rd St - Tempe, AZ
AZ-PHX-Northwest Phoenix: 11601 N Black Canyon Hwy - Phoenix, AZ
CO-Denver: 1740 Broadway - Denver, CO


    All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

    Relevant military experience is considered for veterans and transitioning service men and women.
    Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Benefits Summary


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Job Requirements