Ascent Private Capital Management® of U.S. Bank

Ascent helps individuals and families with $75 million or more in net worth focus on the impact of their wealth. As a boutique within U.S. Bank Ascent delivers a fully-integrated service model, combined with a high-touch approach via a regional team dedicated to a limited number of clients.

As an Ascent client, each family member can design an experience that is unique to them, bundling or choosing “a la carte,” and catering to their specific needs. In this way, the experience is not only unique to each family, but also each family member.

Ascent provides comprehensive, integrated services clients can use to build a unified family team that moves as one to create their desired lifestyle and legacy both now and decades from now. These services include, investment consulting, family office services, specialized fiduciary services and private banking.

Our Investment Consulting practice combines deep expertise with best practices of institutional investors to meet the unique needs of multi-generational family wealth and the many possibilities it can create for you and your family. Our clients value the powerful combination of the high touch, personalized service offered by a boutique investment firm combined with the vast resources of U.S. Bank. Above all else, we believe that doing the right thing is essential to the success of any investment strategy as well as earning the trust and confidence of our clients, and this is at the heart of everything we do.

Ascent was built to support clients in maximizing the impact of their wealth in all its forms. This includes financial resources and human and intellectual capital as well. We help families like yours grow, protect and shape their legacy by focusing on building something greater from generation to generation. We aspire to be your trusted partner – amplifying your purpose to create a better more rewarding world for you and your family.

Working side-by-side with clients, their family, and with their trusted advisors, Ascent addresses both the qualitative and quantitative dimensions of multi-generational wealth. The Ascent team is comprised of professionals skilled in all aspects of wealth management including wealth dynamic specialists with expertise in the use of scientifically based tools that enhance communication and help families build consensus around complicated issues. Each Ascent team serves a limited number of families, so families are assured of the personal attention they require. Because the team has no competing interests, it acts solely in the client's interest.

Ascent focuses on clients and families with significant wealth who not only want to maximize their impact today, preserve and protect their assets and leave a lasting legacy. Our ideal clients include: 1) business owners who are or will be transferring their business wealth 2) beneficiaries receiving wealth from the transition of the business 3) individuals and families with multi-generational wealth who view themselves as stewards; they want to have a lasting impact and they have a feeling of responsibility for the greater good 4) C-suite executives 5) single family offices 6) clients who have many advisors yet are seeking one point of contact to oversee all aspects of their multi-generational wealth 7) private family foundations.

The top three characteristics that distinguish Ascent are: One team of multi-disciplinary experts working collectively for every client; Boutique experience backed by the resources of U.S. Bank; A service culture that results in deeply personal attention focused on multi-generational family wealth and the possibilities it creates for the family.

Because each family’s wealth profile and aspirations are unique, each client’s experience will be unique as well. Listening first, last, and always – we never assume we know what’s best for each family. Communication – methods of communication are frequent and completely customized for clients and their families. These communications can be as often as daily or quarterly and may be conducted via telephone calls, e-mail, meetings, virtual and in person and social engagements – as directed and expected by clients.

Similar to our communication strategy, our education programs are completely customized to individual clients’ and their families’ needs. Education programs are offered formally and informally in seminars, single- and multi-family meetings, multi-generational family retreats and held virtually as needed. Topics of education range from discussions about family vision and values and family talent identification, which would prepare an individual for family foundation business, to quantitative subjects, such as cutting edge investment opportunities.

The Ascent team uses a proactive, structured approach and leverages a number of risk analytic tools to identify unique individual and family risks associated with the family’s goals and objectives. Our approach to risk analysis is part of the client experience process which follows a systematic approach to gather, analyze, and understand complex information. The Ascent team then prioritizes risks based on likelihood of occurrence and potential impact, and creates mitigation strategies for the top-priority risks.

The Ascent team comprises professionals in all aspects of wealth management with tremendous depth and many years of experience. Most of the senior management and professionals have Ph.D., M.B.A. and J.D. degrees, and hold L.L.M. in taxation and accounting; as well as CFP, CFA, AIMA and CPA designations. In addition, each regional team also includes leadership and legacy consultants who are skilled in the use of scientifically based tools that may enhance communication and help families build consensus around complicated issues.

U. S. Bank is tenured in its experience of investing in alternative investments - this includes Real Estate, Private Equity and Hedge Funds. Ascent's approach to incorporating alternative investments in a portfolio is based on its clients' needs for liquidity, income, wealth expansion and social impact (philanthropic endeavors). Various types of alternative investments have different return and risk characteristics. By combining different alternative investments with the public market holdings of its clients, Ascent can provide clients with a variety of portfolios with different return and risk profiles. Ascent's expertise in the alternatives space is deep with experience in allocating capital to alternative investments for institutions (public funds, corporate funds, endowment & foundations) and individuals of significant wealth. Ascent team has invested in most all type of strategies within Real Estate, Private Equity and Hedge Funds. The manager universe it selects from is robust and covers all types of strategies offered by both emerging and developed managers. One of the primary sources used by Ascent is a manager database that has current information on more than a 1000 hedge funds. In addition to spending a significant amount of its time on researching both prospective and current manager relationships, Ascent team utilizes contacts in the alternatives space developed over several years. Contacts such as primary capital introduction teams provide Ascent research on trends in the hedge fund space, governance and regulatory issues, and information on prospective managers and current manager relationships. Using a combination of technology and a regular dialogue with people in the alternatives space is critical to providing the Ascent clients the best possible alternative investment opportunities.