The Private Investment Management (PIM) Program

The PIM program is a customized portfolio management program geared toward your specific investment goals. Pam Batson, Senior Vice President – Investments, has met stringent criteria based on experience and expertise, and she acts as your personal Portfolio Manager.

The PIM program is designed for investors who:

  • Want a customized investment program based on an active 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 down
  • Seek the flexibility to build and maintain a portfolio using a diverse selection of investments
  • Value a high level of professional services and personal attention once available only to high-net-worth clients

Criteria for PIM Portfolio Managers

The criteria for entry into the PIM program 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 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.

Only about 10 percent of the firm’s Financial Advisors have met the criteria to act as PIM Portfolio Managers.

PIM Program Summary

  • Ability to hold a wide range of asset types within one portfolio, eliminating the need for multiple accounts
  • Top-quality portfolio management expertise and personal services that were once available only to high-net-worth clients
  • 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

As your Portfolio Manager, Pam will guide you through a consulting process to ascertain your investment goals and risk parameters, and then she uses asset allocation to construct a portfolio of various securities chosen to help meet your financial objectives.

Pam will actively manage your portfolio on an ongoing, discretionary basis, based on her individual investment style.

Put Our Experience to Work for You

Investors have been entrusting their finances to Wells Fargo Advisors for many years. Today, we manage the assets of individual and institutional clients in personally managed accounts. We help add value to our clients’ portfolios by capitalizing on our investment expertise and our strong institutional presence on Wall Street.

Pam draws on a wide array of services and resources to help direct your investments. She and our team use information from our research analysts, as well as other forms of analysis from many different sources. As a result, you receive personalized portfolio management services – and access to the resources of Wells Fargo Advisors. The construction process attempts to maximize returns while minimizing risk to the overall portfolio.

Benefits of a Managed Portfolio

By appointing an experienced Portfolio Manager to manage your portfolio and rebalance your investment mix when necessary, you free yourself from the time-consuming task of choosing and actively managing your investments.

After allocating your investments, Pam continually manages your portfolio, monitors the markets, and manages performance. As part of this process, she can help ensure that your portfolio remains invested in financial instruments most suited to your current needs and objectives.
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 mat 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.

Since no one manager/investment program is suitable for all types of investors, this information is provided for informational purposes only. We need to review your investment objectives, risk tolerance and liquidity needs before we introduce suitable managers/investment programs to you.

Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns. Diversification does not guarantee profit or protect against loss in declining markets.

Investment and Insurance Products are:

  • Not Insured by the FDIC or Any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

This information is intended for use only by residents of (AZ, CA, CO, CT, DC, DE, FL, GA, IL, LA, MA, MD, ME, NC, NM, NV, NY, OR, SC, TX, UT, VA, VI, WA, WI). Securities-related services may not be provided to individuals residing in any state not listed above.

For parties residing outside of the U.S., this information is: (i) provided for informational purposes only, (ii) not and should not be construed in any manner as an offer to participate in any investment or to buy or sell any securities or related financial instruments, and (iii) not and should not be construed in any manner as a public offering of any financial services, securities or related financial instruments. Products and services listed may not be available, or may have restrictions, depending on client country of residence.

Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.

Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.

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