Putting our experience to work for you

Our Private Investment Management (PIM) Portfolio Manager, David Snider, Managing Director - Investments, utilizes a customized portfolio management program geared toward a client’s specific financial goals and investment objectives. In doing so, he has met stringent criteria based on experience and expertise, and he acts on a discretionary basis as your own personal portfolio manager.

The PIM program is designed for investors who:

Want a customized investment program based on an active management approach to asset allocation
Prefer a portfolio manager who can make investment decisions on their behalf
Are seeking long-term portfolio management through diversification while keeping underlying investment costs to a minimum
Seek the flexibility to build and maintain a portfolio using a wide array of investments
Value a high level of professional services and personal attention available only to high-net-worth clients

Qualifying Criteria

The criteria to become a PIM Portfolio Manager is more stringent than most other programs Wells Fargo Advisors offers.

The full process to obtain the PIM designation can take 60 days to complete and includes a three-step process. The first step is meeting basic eligibility requirements, which include a minimum of two years’ experience as a portfolio manager, five years of industry experience, successful completion of various securities exams, and approval from 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, a proxy exam, and an advanced, 40-hour portfolio management training course.

The PIM program is designed for investors who:

As your PIM Portfolio Manager, David offers you:

The ability to hold a wide range of asset types within one portfolio, eliminating the need for multiple accounts
Access to qualified and experienced investment analysts to assist Portfolio Managers
Just one fee based on the size of your account, rather than traditional trade-based commission charges

He will guide you through a consulting process to identify your financial goals and investment objectives. Thereafter, David is able to determine the proper asset allocation and construct a portfolio of investments needed to pursue the results of the client’s Envision® Plan.

As your Portfolio Manager, he will actively manage your portfolio on an ongoing, discretionary basis using the corresponding investment objectives.

_{Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns.}

_{Fees for the PIM program include Advisory services, performance measurement, transaction costs, custody services and trading. Fees are based on the assets in the account and are assessed quarterly. There is a minimum fee of $250 per calendar quarter to maintain this type of account. The fees do not cover the fees and expenses of any underlying packaged product used in your portfolio. Advisory accounts are not appropriate for all investors. During periods of lower trading activity, your costs might be lower if our compensation was based on commissions. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. The minimum account size for this program is $50,000.}