Michael Liersch Joins Wells Fargo as Head of Advice and Growth Strategies in Private Wealth Management

Industry veteran tapped to lead national planning and sales team

NEW YORK–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced Michael Liersch as the head of Advice and Growth Strategies for Private Wealth Management, a division of Wealth & Investment Management. In this new role, Liersch will lead a newly combined team responsible for the delivery of all comprehensive planning services and growth strategies for clients of Wells Fargo Private Bank and Abbot Downing. The team also includes the business’s comprehensive family dynamics, as well as family and business history services.

Liersch joins Wells Fargo from JPMorgan Chase, where he served as managing director and global head of Wealth Planning & Advice. Prior to his role at JPMorgan Chase, he served as head of Behavioral Finance and Goals-based Consulting at Bank of America-Merrill Lynch, and as head of Behavioral Finance at Barclays Wealth, Americas. He was also a faculty member at New York University, where he taught management and organizational analysis.

“Michael’s extensive experience, his diverse background in behavioral finance, and his deep understanding of our clients’ complex planning needs are a natural fit for this new role,” said Julia Wellborn, head of Wells Fargo Private Wealth Management. “With his unique qualifications, Michael’s arrival at Wells Fargo at this unprecedented time will enhance our ability to serve clients who are looking for advice now more than ever.”

“I’m so pleased to be joining Wells Fargo during such a transformational time — for the company, for the Private Wealth Management business, and for our clients who are navigating new levels of uncertainty,” said Liersch. “I’m joining an excellent team, and I look forward to all that we’ll be able to accomplish together.”

Liersch received a bachelor’s degree in economics from Harvard University and a doctoral degree from University of California, San Diego, in cognitive psychology. He is a published author in behavioral finance and a frequent media contributor. He will be based in New York City.

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About Wells Fargo Private Wealth Management

Wells Fargo Private Wealth Management, a Wealth & Investment Management business, helps high-net-worth and ultra-high-net-worth individuals, business owners, and family offices work towards their financial dreams and goals through discovery, planning, advice, solutions, and service. As an industry leader in managing client wealth, as of December 2019, Private Wealth Management administers $213B in client assets and deposits through Wells Fargo Private Bank and Abbot Downing.

Wells Fargo Wealth & Investment Management, a division within the Wells Fargo & Company enterprise, provides financial products and services through bank and brokerage affiliates of Wells Fargo & Company.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.98 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

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Contacts

Media

Vince Scanlon, 336-842-7687

Vince.Scanlon@wellsfargo.com