• Ability to hold a wide range of asset types within one portfolio
• Top-quality portfolio management expertise and personal services
• Access to Wells Fargo Advisors’ qualified and experienced Financial Advisors to act as your Portfolio Manager
• One fee based on the size of your account rather than traditional trade-based commission charges

The Private Investment Managment Program

The PIM program is a customized portfolio management program geared toward your specific investment goals. A Financial Advisor who has met stringent criteria based on experience and expertise acts as your personal portfolio manager.

Your Financial Advisor guides you through a consulting process to ascertain your investment goals and risk parameters and then uses asset allocation to construct a portfolio of various securities chosen to help meet your financial objectives. As your Portfolio Manager, he or she actively manages your portfolio on an ongoing, discretionary basis using his or her individual investment style.

Professional, Personalized Portfolio Management

PIM accounts are customized portfolios that utilize a wide range of investments. We use individual stocks, exchange traded funds (ETFs), mutual funds and individual bonds where necessary to create our custom PIM portfolios. You will find a spectrum of portfolios from those that are focused on growth to those that focus on income to those focused on capital preservation and mixes in between.

Your Portfolio Manager is backed by an array of research analysts who have the skills and tools to help you meet your financial goals. When constructing your portfolio, your Portfolio Manager draws upon the research resources of Wells Fargo Investment Institute as well as various external equity research firms whose services Wells Fargo Advisors subscribes to.

Benefits of a Managed Portfolio

Managed portfolios allow you to put a professional in charge of your investments so you can focus your time in other areas. This person will actively manage your accounts, make tactical changes when necessary and keep your investments current with the market and economy.

Having a PIM Manger allows you to have your Portfolio Manager and Financial Advisor as the same person. By having your Financial Advisor act as your Portfolio Manager, you have the advantage of working with someone who is intimately acquainted with your financial goals and concerns and with whom you have already established a one-on-one working relationship. In short, you are dealing with someone you know and trust.

Criteria for PIM Portfolio Managers

The criteria for entry into the PIM program are more stringent than most other programs Wells Fargo Advisors offers. It is a multi-step process to receive the PIM designation. It begins with meeting basic eligibility requirements, which includes a minimum two years of experience as a portfolio manager, five years of industry experience, successful completion of various securities exams, and approval of branch and regional superiors. Only then can a Financial Advisor complete an application, which includes questions covering investment style, strategy, philosophy and research methods. Once approved, the Financial Advisor must complete advanced training, including an ethics exam, proxy exam and an advanced 40-hour portfolio management training course.