News Column

U.S. Bank to Offer Financial Planning for High-end Clients

May 9, 2013

U.S. Bank has opened a Private Client Group office in New Mexico to provide comprehensive wealth-management services to high-net-worth individuals and for-profit and nonprofit organizations, the company said Wednesday.

The group, which has $110 billion in assets under management nationally, offers customized financial planning, investment management, trust administration services, and specialized lending and deposit services. U.S. Bank expects business owners, professionals and affluent individuals to use the service.

"When you look at the industry, there are many clients who still have yet to address the details of financial planning, estate planning, retirement planning or even wills," said Paul DiPaola, regional president of U.S. Bank in New Mexico. "Business owners need to re-examine their investments, business succession planning, and think about buying and selling existing businesses."

"It provides an opportunity for a team like ours with commercial-style banking expertise, a trust officer and an investment officer to give clients a holistic approach," said Robert Gabaldon, a vice president who is leading the Private Client Group in New Mexico.

Joining the group are:

Gifford Davis, senior investment portfolio manager. Davis has been working in the banking industry for more than 20 years. He earned his B.A. degree from New Mexico State University with a concentration in general business.

Karen Lynch, private banker. Lynch has been working in the banking industry for more than 30 years. She earned a B.A. degree in secondary education from Southern Illinois University in Carbondale.

Lauri Ebel, trust officer. Ebel administers investment agency accounts, revocable and irrevocable trusts, conservatorships and estates. She has worked in banking for more than eight years. She earned a law degree from Marquette University and is a certified trust financial adviser.

The group will be based at 111 Lomas NW and will serve clients statewide.


(c)2013 the Albuquerque Journal (Albuquerque, N.M.)

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Source: Copyright Albuquerque Journal (NM) 2013

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