U.S. Bank Names Scott Schmid as Market Leader for The Private Client Reserve in San Diego
April 25 2016 - 12:42PM
Business Wire
U.S. Bank has named Scott Schmid as the market leader for The
Private Client Reserve in San Diego. U.S. Bank manages $125 billion
of assets for clients, and its wealth management business is ranked
among the top 20 wealth management firms* in the country. Scott,
who is currently a wealth management advisor and managing director
for The Private Client Reserve’s St. Louis office, will assume the
new role on May 9 and will relocate to San Diego to lead that
office. The former head of the San Diego office, John Zygowicz,
retired in late 2015.
“Scott’s extensive experience, innate leadership ability, and
unwavering commitment to our clients make him the ideal choice to
lead the San Diego office for The Reserve,” said Mike Ott,
president of The Private Client Reserve. “He has more than proven
his worth with our St. Louis office, and we are thrilled that he
will bring that same work ethic and dedication to our clients to
the San Diego office.”
Scott, who has more than 25 years of financial services
experience, joined The Private Client Reserve in 2010. During the
past six years, he has focused on creating a comprehensive wealth
planning approach for his clients that not only can help protect
and grow their investments, but also helps manage their
liabilities, risks, and personal philanthropic goals. He oversees
approximately $3 billion in client investments, of which $300
million is in active foundation and charitable administration.
“San Diego is an important market for us, and I am thrilled that
we have someone the caliber of Scott to lead that office and
provide our clients with stellar service. Scott represents
everything we are looking for in an ethical, client-focused,
forward-thinking leader,” said Mary Martuscelli, west region
president of The Private Client Reserve.
Scott received a bachelor’s degree in business administration
from Rice University in Houston, and an MBA in finance from
Washington University in St. Louis. He currently serves on the
boards of The Little Bit Foundation, The Dana Brown Foundation, The
Sidney R. Baer Foundation and John Burroughs High School. Scott is
a father of three and in his spare time enjoys tennis, golf and
movies. He and his wife, Rhonda, currently reside in St. Louis and
plan to relocate to San Diego.
“I am excited to be able to share my deep knowledge of the
unique services of The Private Client Reserve with our clients in
the San Diego area,” Scott said. “The integrity and culture of this
firm is truly inspiring. The non-product nature of our advice and
the focus on serving clients first is a rare combination in the
financial services industry today. I look forward to fully engaging
our clients in San Diego and further strengthen the commitment and
effectiveness of an already very strong team.”
About The Private Client ReserveThe Private Client
Reserve serves individuals and families, business owners, including
corporate executives, professionals and others who have complex
financial interests and needs. Key services include investment
management, private banking, trust and estate services and wealth
planning. The Reserve is committed to providing consistent
high-quality advice and individualized attention. For more
information, visit reserve.usbank.com.
About U.S. BancorpU.S. Bancorp (NYSE:USB),
with $422 billion in assets as of Dec. 31, 2015, is
the parent company of U.S. Bank National Association, the
fifth largest commercial bank in the United States. The
company operates 3,133 banking offices in 25 states and 4,936 ATMs
and provides a comprehensive line of banking, investment, mortgage,
trust and payment services products to consumers, businesses and
institutions. U.S. Bank has been recognized by
the Ethisphere Institute as a 2016 World's Most Ethical
Company™. Visit U.S. Bancorp on the web at
www.usbank.com.
* Barron’s "Top 40 Wealth Management Firms,” Sept. 26, 2015,
ranked by client assets in accounts of $5 million or more as of
March 31, 2015.
Deposit products offered by U.S. Bank National Association.
Member FDIC. Credit products offered by U.S. Bank National
Association and subject to normal credit approval.
Investment products are:
Not a Deposit
Not FDIC Insured Not Guaranteed by the Bank
May Lose Value Not Insured by Any Federal
Government Agency
U.S. Bank and its representatives do not provide tax or legal
advice. Each individual's tax and financial situation is unique.
Individuals should consult their tax and/or legal advisor for
advice and information concerning their particular situation.
U.S. Bank is not affiliated with the companies or organizations
mentioned above.
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version on businesswire.com: http://www.businesswire.com/news/home/20160425006213/en/
U.S. BankMichael Walsh, 612-303-9122vice president of public
relationsmichael.walsh@usbank.com
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