Minneapolis-based US Bank’s private client group has created a separately managed account offering high net worth clients greater investment...

Minneapolis-based US Bank’s private client group has created a separately managed account offering high net worth clients greater investment choices. The new service gives the bank's private clients access to a small group of independent money managers that are typically only available to very rich individual investors and institutions. "We've combined US Bank's extensive investment capabilities with the independent advice of carefully selected, outside money managers," said Londa Dewey, president of US Bank's private client group. US Bank has client assets of $213 billion and an extensive US branch network.