Wells Fargo’s multifamily practice adds staff

Wells Fargo & Co. today announced several hires in its multifamily-office business.
Wells Fargo Family Wealth Group, the multifamily-office arm of Wells Fargo, said Patricia Armstrong has been made head of Family Dynamics, a consulting program within the practice which aims to help families work together and preserve wealth for the next generation.
Ms. Armstrong, who previously was human-resources director for Wells Fargo Wealth Management, joined the firm in 1990.
Reporting to Ms. Armstrong will be Arne Boudewyn, as a family wealth consultant. Mr. Boudewyn previously was vice president for Wells Fargo Corporate Human Resources.
Both Ms. Armstrong and Mr. Boudewyn have degrees in psychology, and the latter is a licensed psychologist who has clinical training from Harvard Medical School.
Wells Fargo Family Wealth also announced two other hires who will focus on bringing in new clients: Mary Mewha, a regional managing director who will be responsible for growing and managing the business for the Northern California, Mountain Northwest and Southern regions; and Kevin Long, a wealth consultant, who will be focused on new-client development in the Western markets, the company said.
“Growing Wells Fargo’s family wealth business is a priority for us this year,” Michael A. Cole, Wells Fargo Family Wealth’s executive vice president and Western division leader, said in a press release.
Wells Fargo Family Wealth serves families with wealth in excess of $100 million and a minimum of $50 million in liquid assets.

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