This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Ascent Private Capital Management Of U.S. Bank Wins PAM Award For "Best Newcomer – Private Wealth Manager"

U.S. Bank Wealth Management, among the top 20 wealth managers,* is pleased to announce that Ascent Private Capital Management of U.S. Bank, its ultra-high-net-worth business division, won “Best Newcomer – Private Wealth Manager” and was highly commended for “Best Multi-Family Office – Client Service – Over $2.5 Billion” in the 2013 Private Asset Management (PAM) Awards in New York City on February 12. Ascent President Michael Cole was in New York to accept the awards.

The PAM Awards annually honor private wealth managers for excellence and innovation in private asset management for the country’s wealthiest families. Ascent was recognized for outstanding innovation, rapid growth, and excellence in client service after its first full year of business operations.

“This is a great honor for the entire Ascent team,” Cole said. “We’re proud of our innovative approach to managing wealth and its impact and are gratified that our efforts to help our clients preserve their assets and create impact with their wealth have been so highly recognized in the wealth-management industry.”

During its first year of operations, Ascent’s client base and client assets grew exponentially. Ascent now has offices in Minneapolis, Denver, Seattle, and Cincinnati. Another office will open in San Francisco this year.

About Ascent Private Capital ManagementAscent Private Capital Management of U.S. Bank (ascent.usbank.com) provides advisory services to individuals and multi-generational families with more than $50 million in net worth who may have private businesses and foundations and who aspire to making an impact on their communities and the world at large. Using a fully integrated service model, Ascent Private Capital Management provides ultra-high-net-worth clients with an innovative and personalized client-service model that combines traditional wealth management offerings –- financial planning; investment management; private banking; personal trust and estate administration services; information management; and financial administration -– with cutting-edge “wealth impact” planning and communication services that may help families of wealth in the areas of family dynamics; family governance and risk management; multigenerational wealth transfer with education and preparation of heirs; leadership and communication assessment; strategic planning; education; stewardship; and philanthropy.

About the Private Asset Management (PAM) AwardsThe PAM Awards annually reward excellence and innovation in private asset management and are hosted by Private Asset Management Magazine (PAM), the only publication and online news source dedicated to wealth management and family offices. The magazine brings readers actionable information regarding best business practices, investment management and trust services, and incorporates breaking industry news, people moves, in-depth trend articles, and profiles on top multi- and single-family offices and wealth management firms. The annual awards are specifically designed for firms operating within the private asset management industry that have proven themselves over the course of the previous year. The judging process uses an independent panel composed of industry experts and is based on a mixture of qualitative and quantitative performance indicators.

About U.S. BankMinneapolis-based U.S. Bancorp (NYSE: USB), with $354 billion in assets as of Dec. 31, 2012, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The company operates 3,084 banking offices in 25 states and 5,065 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services and products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

* Barron’s Top 40 Wealth Managers,” Sept. 17, 2012, ranked by client assets in accounts of $5 million or more as of June 30, 2012.

Deposit products offered by U.S. Bank National Association. Member FDIC. Credit products offered by U.S. Bank and subject to normal credit approval.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs