Wells Fargo & Company (NYSE: WFC) today announced that Andrew Reinhart will join Wealth & Investment Management (WIM) as Head of Trust Services and Chief Fiduciary Officer. In this role he will be responsible for the delivery of comprehensive Trust and Fiduciary services to help meet the unique needs of WIM clients and the clients of other key partners within Wells Fargo. He will report to Prasanna Someshwar, head of WIM’s Banking, Lending, & Trust (BL&T) group.
Andy joins Wells Fargo from The Goldman Sachs Trust Company, where he served in various roles for the past 18 years, most recently as Executive Vice President and Head of Trusts and Estates. In that role he was responsible for the management and oversight of the Trust Company’s national fiduciary administration business. He was also the chair of the Trust Company’s Trust Account Review Committee responsible for the oversight of all Trust Company accounts and the approval of all discretionary actions, and he was responsible for coordinating with the Trust Company’s chief operating officer and chief compliance officer on all regulatory examinations and internal audit matters, in addition to other responsibilities.
Earlier in his career, Andy practiced law in New York, focused on trust and estate planning and administration.
Andy holds a Juris Doctor from St. John’s University School of Law, a Master of Business Administration, Taxation from St. John’s University, Tobin School of Business, and a Bachelor of Arts from the College of the Holy Cross.
“Andy brings a tremendous amount of experience to this role, with demonstrated leadership in the trust business, a commitment to exemplary risk and regulatory procedures, and success leading large, complex teams,” said Someshwar. “He’s uniquely suited to this role, and we’re thrilled to have him join the team.”
Andy succeeds Joe Ready, who has been head of Trust and Fiduciary Services for BL&T since 2019, and who will retire later this year after 38 years with the company.
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 more than $1.9 trillion in client assets. WIM provides personalized wealth management, brokerage, financial planning, lending, private banking, trust, and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. WIM operates through advisors in Wells Fargo Advisors, independent brokerage offices, and digitally through Intuitive Investor® and WellsTrade®, as well as through advisors in The Private Bank experience and banking centers.
The Private Bank is an experience level for qualifying clients of Wells Fargo Wealth & Investment Management (WIM), offering financial products and services through affiliates of Wells Fargo & Company. Bank products and services are available through Wells Fargo Bank, N.A., Member FDIC.
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. WellsTrade® and Intuitive Investor® brokerage accounts are offered through Wells Fargo Clearing Services.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.