Mo' Money Mo' Problems? At Wells Fargo, A $50 Million Account Will Get You A Psychologist

wells fargo

File this one under first world problems.

Wells Fargo just opened the doors to Abbot Downing, its wealth management unit catering to the ultra-wealthy.

How wealthy?

According to Reuters’ Ashley Lau, Abbot Downing will welcome you with open arms as long you have at least $50,000,000 in investable assets.

From Abbot Downing’s website: “Our business is based on providing clients of unique wealth with comprehensive services to meet their distinct needs. We listen to our clients and then build an integrated set of solutions that are tailored to each individual or family.”

Abbot Downing is the combination of Wells Fargo Family Wealth and Lowry Hill.  Its formation was first announced last fall.

According to Reuters’, the firm has “a group that addresses family psychology and governance.”

In Abbot Downing’s words:

Family Dynamics professionals help foster effective communication and develop strategies to preserve wealth across generations.

And they have a keen eye for detail.  One of Abbot Downing’s white papers suggests clients should hold family meetings at country clubs instead of parents’ homes, and that those clubs should have plenty of bathrooms.

It sounds like you’re really getting your money’s worth.

To sign up, head over to

SEE ALSO: 12 Incredibly Wealthy Wall Streeters That Started Out With Nothing >

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