SARASOTA COUNTY, FL–Pinkerton, Harkins and Mehserle Private Wealth, a 50-year-old wealth management firm, has announced the launch of FourThought Institutions, a division dedicated to meeting the investment and retirement plan needs of businesses and nonprofit organizations.
Scott Pinkerton, managing partner of Pinkerton Private Wealth stated, “We recognized a growing need for services that help businesses and nonprofits manage their retirement plans and institutional investments effectively. With tight personnel budgets, complexity in the markets and evolving Department of Labor and ERISA regulations, it has become increasingly difficult to be a good fiduciary and responsible steward of one’s assets. Our goal for our institutional clients is to help fill that void.”
FourThought Institutions is led by Patrick Baumann, CFA®, the former corporate treasurer for Harris Corporation (NYSE: HRS). While at the $20B global technology company and defense contractor, Baumann designed and oversaw a robust defined contribution plan and other retirement programs including executive compensation plans. He was also responsible for capital markets, foreign exchange, funding and liquidity.
For businesses who wish to design or better manage their retirement plans, FourThought offers consulting services including the development of investment policy statements, ERISA compliance reviews, plan designs and reviews, and fund manager selection. Partnering with record keepers and third-party administrators, it also facilitates employee enrollment and focuses heavily on financial education for participants. For businesses and nonprofits it also offers investment management, fiduciary oversight and an outsource chief investment officer service.
To learn more, contact Patrick Baumann at 941-408-8557.
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About Wells Fargo Advisors Financial Network
For 17 years, Wells Fargo Advisors Financial Network, the independent brokerage arm of Wells Fargo & Company has simplified independence by partnering with successful financial advisors and fostering a mutual passion for doing what’s right for clients. As of December 31, 2017, Wells Fargo Advisors Financial Network has grown to operate nationwide with 1,333 owners and advisors in 633 practices administering over $104.7 billion in client assets. Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC Member SIPC, separate registered broker-dealer and non-bank affiliate of Wells Fargo & Company. www.wfafinet.com
Pinkerton Private Wealth is a separate entity from Wells Fargo Advisors Financial Network.
| Investment and Insurance products: | ||
| Not Insured by FDIC or any Federal Government Agency | MAY Lose Value | Not a Deposit of or Guaranteed by a Bank or Any Bank Affiliate |