Press Release


San Francisco | Apr 1, 2013

|

Bank of the West Extends Investment Advisory Options to Broader Range of Investors

Bank of the West today announced  Investment Advisory Solutions (IAS) -- an expanded range of investing* options including proprietary asset allocation models from the Wealth Management Group's Investment Advisory & Management team, previously only available to the Bank's trust services clients.

"We believe that a combination of strategic and tactical asset allocation is the single largest determinant of portfolio performance and we've made it the cornerstone of our Investment Advisory Solutions approach," said John Morris, head of investment solutions for Bank of the West's Wealth Management Group and senior vice president. "We couldn't be more pleased with clients' initial response.  They are clearly valuing the disciplined approach and methodology we're bringing to managing their portfolios," he said.

He continued, "In addition to client feedback, we've had a very positive reaction from our advisors. They appreciate having a more diverse set of strategies that meet their clients' investment needs and risk tolerances, and as a result, we're seeing increasing flows of new funds into these solutions.  Moving forward, we are continuing to evaluate new investment strategies and managers to even further build out the platform."

"Our Investment Advisory & Management team comprises experienced portfolio managers and market strategists, and I'm proud that we're now able to offer their insights and approach for the first time to investors beyond the Bank's trust services clients," said John Bahnken, head of the Bank's Wealth Management Group and senior executive vice president. "It's an exciting time to be a client of Bank of the West, and I'm pleased that IAS is providing investors at all levels additional access to a range of investment options. Yet, it's just one step in our overarching strategy to expand our investment advisory services and better meet the needs of our clients," he said.  

Investors interested in learning more about the new solutions can meet with a Private Client Advisor at one of eight dedicated wealth management centers in Denver, San Francisco, San Jose, Palo Alto, Walnut Creek, Los Angeles, Beverly Hills and Pasadena or with a financial advisor at Bank of the West branch locations throughout its 19-state footprint. IAS is available for clients with $50,000 of investable assets, and the fee for the service is calculated as a percentage of assets under management.

Bank of the West Wealth Management provides wealth planning, investment management*, personal banking, and trust services. The group is part of BNP Paribas' global wealth management business of more than 6,000 professionals in 30 countries worldwide with over $10 billion** in assets under management in the United States and $354 billion (€265 billion) in assets under management globally as of December 31, 2012

All investments involve risk.  Investors should seek the advice of a financial professional regarding the appropriateness of any securities or strategies discussed. 

The information presented should not be construed or used as a specific recommendation for the investment of assets.  Such information is not intended as an offer or a solicitation of an offer, to purchase or sell any security or financial instrument, nor does the information constitute advice or an expression of the Bank's view as to whether a particular security, investment strategy, or financial instrument is appropriate for you and meets your financial objectives.

*Securities and variable annuities are offered through BancWest Investment Services, Inc., a registered broker/dealer, Member FINRA/SIPC.  Financial Advisors are registered representatives of BancWest Investment Services, Inc.  Fixed annuities/insurance products are offered through BancWest Insurance Agency in California (License # 0C52321) and through BancWest Insurance Agency in Utah, and through BancWest Investment Services in AZ, CO, IA, ID, KS, MN, MO, ND, NE, NM, NV, OK, OR, SD, WA, WI, WY, HI, Guam and CNMI. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors.

Bank of the West Wealth Management provides financial products and services through Bank of the West and its various affiliates and subsidiaries. 

BancWest Investment Services is a wholly owned subsidiary of Bank of the West and a part of the Wealth Management Group. BancWest Corporation is the holding company for Bank of the West. BancWest Corporation is a wholly owned subsidiary of BNP Paribas.

Investment and Insurance Products are:

  • Not FDIC insured
  • Not bank guaranteed
  • May lose value
  • Not a deposit
  • Not insured by any federal government agency

** Including assets under supervision at BancWest Investment Services

|

Media Contacts

  • Jim Cole
  • Corporate Communications
  • Phone: (415) 399-8268
  • Cell: (415) 577-2639
  • Fax: (415) 399-8241
  • E-mail: jim.cole@bankofthewest.com
  • Address: 180 Montgomery Street
  • San Francisco, CA 94104
  • Joel Nathanson
  • Social Media
  • Phone: (415) 399-8286
  • Cell: (415) 722-9722
  • Fax: (415) 399-8241
  • E-mail: joel.nathanson@bankofthewest.com
  • Address: 180 Montgomery Street
  • San Francisco, CA 94104
  • Lily Ruiz
  • Corporate Communications
  • Phone: (415) 765-4850
  • Cell: (415) 846-7494
  • Fax: (415) 399-8241
  • E-mail: lily.ruiz@bankofthewest.com
  • Address: 180 Montgomery Street
  • San Francisco, CA 94104