Wells Fargo mpany : Beth Renner Named Head of Advice Center for Wealth & Investment Management

Renner to manage advice capabilities, reimagine the delivery of advice across WIM

SAN FRANCISCO - Wells Fargo & Company (NYSE: WFC) today announced Beth Renner as head of its new Advice Center in Wealth & Investment Management's (WIM) Advice and Planning center of excellence. The new Advice Center is designed to build advice capabilities designed to appeal to a broad range of client needs, concerns and goals.

In this role, Renner will lead the team responsible for helping to provide family dynamics, philanthropic advice, retirement services, family office services, corporate executive services, business transitions, life event services, and other goal- and advice-oriented capabilities. Reporting to Michael Liersch, WIM head of Advice and Planning, Renner also will play a critical role in developing new ways for advisors and clients to productively collaborate in ways that deepen these important relationships.

Renner has more than 30 years of experience in the financial service industry and in the field of philanthropy. She most recently led Wells Fargo Bank's National Philanthropic Services Group in WIM, where she oversaw specialized advisory services to charitable individuals, families, and nonprofit organizations as they work toward their unique goals. She first joined Wells Fargo & Company in 2005 after serving as a vice president and private banking manager at U.S. BanCorp.

'Through the new Advice Center, we have the opportunity to look more holistically at clients throughout WIM and offer them access to advice and guidance through all of our channels. Beth brings tremendous high- and ultra-high-net worth client experience, remarkable philanthropic skill, and a great management track record, making her uniquely qualified for this role,' said Liersch. 'I'm thrilled to have her lead this team.'

'The goal is to create impactful opportunities for advisors to engage with clients in ways that show the true value of working with Wells Fargo,' said Renner. 'This is an incredible opportunity to be able to build something from the ground up, and I'm excited about what our team will offer to advisors and clients across WIM.'

Renner currently serves as a board member for the National Women's History Museum and is on the board of regents at Concordia College. She received a bachelor's degree in business administration from Concordia College and a master's degree from University of Mary in business administration and management.

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

About Wells Fargo Wealth & Investment Management

Wells Fargo Wealth & Investment Management (WIM) is a division within Wells Fargo & Company. WIM provides financial products and services through various bank and brokerage affiliates of Wells Fargo & Company and is one of the largest wealth managers in the U.S., with nearly $1.9 trillion in client assets. WIM serves clients through the following businesses: Wells Fargo Private Bank serves high-net-worth individuals and families; Abbot Downing serves ultra-high-net-worth individuals and families; Wells Fargo Advisors provides investment advice and guidance to clients through nearly 13,000 full-service financial advisors and referrals from more than 5,300 licensed bankers; and Wells Fargo Asset Management brings together a strategic balance of investment capabilities to serve the investment needs of institutions, financial advisors, and individuals worldwide. Through Wells Fargo Private Bank and Abbot Downing, WIM is also a leading provider of trust, investment, and fiduciary services, including personal trust services and a number of specialized wealth services designed to meet the diverse needs of high-net-worth clients.

Abbot Downing, a Wells Fargo business, and Wells Fargo Private Bank offer products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company.

Brokerage services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

Wells Fargo Bank, N.A., offers various advisory and fiduciary products and services including discretionary portfolio management. Wells Fargo affiliates, including financial advisors of Wells Fargo Advisors, a separate non-bank affiliate, may be paid an ongoing or one-time referral fee in relation to clients referred to the bank. The bank is responsible for the day-to-day management of the account and for providing investment advice, investment management services, and wealth management services to clients. The role of the financial advisor with respect to bank products and services is limited to referral and relationship management services.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 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 7,200 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. 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.

Contact Information

Media

Erica Hiquet, [phone]
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News Release Category: WF-LO