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What is the Private Investment Management (PIM®) Program?

The Private Investment Management (PIM) program is a unique investment program in which you delegate day-to-day responsibility for managing your portfolio to a certified PIM Portfolio Manager.

The PIM program offers you the opportunity to sit down and have in-depth conversations with your portfolio manager about your investing goals. With this intimate understanding of you and your personal goals, your PIM Portfolio Manager is better equipped to reflect your objectives and values in your portfolio.

Our PIM Approach

Our Private Investment Management (PIM®) outlines our team’s bespoke discretionary approach to managing your portfolio. In creating portfolios, we use both top-down, macro-analysis to understand sectors and investment themes, as well as a bottom-up approach, in which we seek out companies in specific sectors.


OUR PIM APPROACH IMPLEMENTS:


  • Fundamental analysis: Examines key financial and operational metrics of a company
  • Technical analysis: help susunderstand how that company is trading and if it is priced properly


ULTIMATELY, WE WORK TO FIND THE BEST COMPANIES WITH THE FOLLOWING QUALIFICATIONS:


  • Maintain strong growth and free cash flow levels
  • Can be sustained over the long term
  • Have a competitive advantage

Over our 25 years of working together, we have maintained a consistent, long-term approach to investing in high-quality companies.

Benefits of the PIM Program

Why might you want to work with a PIM Manager?


YOUR PORTFOLIO IS PUT IN THE HANDS OF AN EXPERIENCED AND TRUSTED ADVISOR WHO KNOWS THE SCOPE OF YOUR LONG-TERM GOALS.


IT FREES YOUR TIME FROM BEING YOUR OWN ASSET MANAGER.


IT HELPS YOU REACH SPECIFIC INVESTMENT GOALS AND CREATES A MIX OF INVESTMENTS IN YOUR PORTFOLIO THAT IS PERSONALIZED TO YOU.


THERE'S ONE FEE BASED ON THE SIZE OF YOUR ACCOUNT, AS OPPOSED TO TRADITIONAL TRADE-BASED COMMISSION CHARGES.


IT'S HANDS-OFF FOR YOU, BUT YOUR PIM® MANAGER WILL KEEP OPEN AND HONEST COMMUNICATION WITH YOU.

PIM® Portfolio Manager Requirements


WELLS FARGO ADVISORS' PIM PORTFOLIO MANAGERS MUST MEET ELIGIBILITY REQUIREMENTS WHICH INCLUDE:


  • A minimum of two years of experience as a portfolio manager
  • Five years of financial services experience
  • successful completion of stringent securities exams


TO EARN THE CERTIFICATION, A FINANCIAL ADVISOR MUST SUCCESSFULLY COMPLETE:


  • Advanced training
  • An ethics exam
  • A proxy exam
  • A 40-hour portfolio management training course

*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 programs are not designed for excessively traded or inactive accounts and 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