Wells Fargo has tapped Beth Renner, who previously focused on philanthropy for the wirehouse’s clients, to serve as the head of its new Advice Center for Wealth and Investment Management.
In her new role, Renner will report to Michael Liersch, head of advice and planning at Wells Fargo’s wealth management unit. Previously, she had been overseeing Wells Fargo’s wealth management unit’s specialized advisory services to charitable individuals, families, and nonprofit organizations.
Renner and her newly organized team are expected to “build advice capabilities designed to appeal to a broad range of client needs, concerns and goals,” the company says in a press release.
The new Advice Center will help provide guidance on clients’ family dynamics, philanthropy, business transitions, life events, retirement, family office services and corporate executive service needs, the company says.
“The goal is to create impactful opportunities for advisors to engage with clients in ways that show the true value of working with Wells Fargo,” Renner says in a statement.
“[W]e have the opportunity to look more holistically at clients throughout Wealth & Investment Management and offer them access to advice and guidance through all of our channels. Beth brings tremendous high- and ultra-high-net worth client experience, remarkable philanthropic skill, and a great management track record, making her uniquely qualified for this role,” Liersch says in a statement.
Most recently, Renner led Wells Fargo Bank’s National Philanthropic Services Group for the wealth management unit. She joined the institution in 2005 after serving as a vice president and private banking manager at U.S. Bancorp, the company says.