Print this article
Wells Fargo Unveils New Abbot Downing Office
Eliane Chavagnon
28 October 2013
has opened another Abbot Downing office in Houston, Texas,
while recruiting Karl Farmer as a portfolio manager. Farmer has 20 years of experience working in the financial
services industry and was latterly a senior portfolio manager at BBVA Compass,
working with HNW clients. Before BBVA Compass, Farmer was a portfolio manager and
equity analyst at Invesco Aim in Houston, having
previously been an equity analyst for Greenlight Capital in New York. He began his career with William M
Mercer as an analyst in Fort Worth.
Abbot Downing, with $35 billion in client assets and a 40-year history
working with ultra high net worth clients, is part of Wells Fargo’s wealth, brokerage and
retirement group. Wells Fargo launched the Abbot Downing brand on 2 April,
2012, in a move combining two of the firm's UHNW businesses. Last week, Wells recruited industry veteran Lester Law – latterly a
managing director at US Trust – to serve as director of client management at Abbot
Downing in Naples, Florida. Headquartered in San Francisco, Abbot Downing serves ultra high net worth clients across the US.