The launch of Wells Fargo Investment Institute (WFII) brings together the investment research, strategy, manager research, and publications teams from the Wells Fargo’s Wealth, Brokerage and Retirement (WBR) division’s four lines of business. The merge creates a single group that will provide advice to the company’s financial and wealth advisers and clients. The WFII team is comprised of analysts and strategists who will deliver economic and market research and advice to aid advisers in deepening client relationships and achieving clients’ investment goals.
The company has named Darrell Cronk as WBR’s chief investment officer (CIO) and president of WFII. Cronk most recently served as deputy CIO for Wells Fargo Private Bank.
“WFII structures our investment team to deliver our best thinking, our best ideas, and our best solutions for the benefit of our clients,” says David Carroll, head of Wells Fargo WBR. “[Darrell] brings a well-rounded understanding of the investment business and a thoughtful approach to management.”