Michael Lee, formerly a partner and head of Corporate & Executive
Services at William Blair & Company, is joining Abbot Downing as a
relationship manager and wealth planning strategist in Chicago. He joins
a team of more than a dozen professionals providing planning and family
dynamics services, asset management, private banking, trust, fiduciary
and administrative services in Chicago, where the firm is aggressively
expanding as it marks the one-year anniversary of the Abbot Downing
brand launch. Abbot Downing, with $33.4 billion in client assets and a
40-year history serving ultra-high-net-worth clients, is part of Wells
Fargo’s Wealth, Brokerage and Retirement group, a leading U.S. wealth
manager, with $1.4 trillion in client assets.
![Michael Lee, Abbot Downing relationship manager and wealth planning strategist (Photo: Business Wire ...](http://mms.businesswire.com/media/20130422005509/en/366146/4/MichaelLee042213.jpg)
Michael Lee, Abbot Downing relationship manager and wealth planning strategist (Photo: Business Wire)
Since announcing its plans for the new brand in November 2011, Abbot
Downing’s client assets have grown more than 20 percent. As part of its
Chicago expansion, Abbot Downing will move into prime new office space
next year on the 29th floor of 10 W. Wacker St. in the Chicago
Mercantile Exchange Center.
“Clients across the country have responded very favorably to Abbot
Downing and we’re excited to be expanding in Chicago,” said Jim Steiner,
president of Abbot Downing. “In our brand research, people told us they
wanted an integrated offering of services combined with a high-touch
client service experience. With Abbot Downing’s boutique approach and
the power of Wells Fargo—one of the top 10 among all U.S. companies in
profits and top 15 in U.S. market value—we are uniquely positioned to
lead our clients through these times of uncertainty in the markets and
the economy.”
Bill Bard, Abbot Downing managing director of the Chicago office, said,
“We are delighted to build a team with such depth and breadth of
experience in one of America’s greatest cities. Successful individuals
and families are looking for wealth managers who can go beyond the
numbers to help them use their wealth to positively impact their
families and their communities.”
Lee focuses on the unique issues that face owners and executives of
private and public companies. Prior to joining William Blair in 2004, he
was a tax attorney with experience in the areas of wealth, tax, and
estate planning. In addition to being a faculty member of both Chicago
Kent College of Law and John Marshall Law School, Lee also is a
Certified Financial Planner and a frequent speaker for national
audiences. He is a member of the American Bar Association, Illinois
State Bar Association and Chicago Estate Planning Council. Before
entering the practice of law, Lee was an electrical engineer in the
Advanced Avionics Systems Group of General Dynamics Space Systems, where
he developed advanced guidance, navigation, and control systems for
launch vehicles. He earned a bachelor’s degree in electrical
engineering, master’s degree and juris doctorate at Tulane University,
and a master of laws degree at Chicago Kent College of Law.
Lee is one of eight professionals the firm has added in the last 12
months to its Chicago office. Additional members of the Abbot Downing
team in Chicago include:
-
Steve Alderson, senior portfolio manager
-
Patricia Armstrong, managing director of Family Dynamics
-
Daniel Burke, portfolio manager
-
Shea Brown, client service associate
-
Nadege Draper, operational risk consultant
-
Gabrielle Griffin, relationship manager
-
Andrea Janega, private banking underwriter
-
Katie Johnson, investment analyst
-
Kyle Jorgenson, portfolio manager
-
Jim Wiehe, senior private banker
-
Andrew Wojciak, private banking underwriter
In the Chicago community, Abbot Downing has actively supported the
Victory Gardens Theater, the Lone Survivor Foundation and Honor Flight
Chicago.
Abbot Downing service clients in all 50 states through offices in San
Francisco, Palo Alto, Los Angeles, Scottsdale, Denver, Houston,
Minneapolis, Chicago, Philadelphia, Washington, D.C., Charlotte,
Winston-Salem, Raleigh, Naples, Jacksonville, and Palm Beach. Abbot
Downing is the world’s eighth-largest family office based on assets,
according to the 2012 Bloomberg Markets survey. Wells Fargo launched the Abbot
Downing brand on April 2, 2012, combining two Wells Fargo
ultra-high-net-worth businesses. The original Abbot Downing built the
iconic stagecoaches that have come to represent Wells Fargo.
Abbot Downing provides products and services through Wells Fargo Bank,
N.A. and its various affiliates and subsidiaries. Some alternative
investments and complementary strategies may be available to
pre-qualified investors only. Certain products and services offered
subject to credit approval or credit qualification. Wells Fargo &
Company (NYSE: WFC) is a nationwide, diversified, community-based
financial services company with $1.4 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s
customers who conduct business in the global economy. With more than
265,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on
Fortune’s 2012 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy all our customers’ financial needs and help
them succeed financially. Wells Fargo Bank, N. A. Member FDIC, NMLSR ID
399801
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130422005509r1&sid=ntxv4&distro=nx)
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130422005509/en/