Featherngill, who has industry experience of 25 years, was the director of wealth planning for Wells Fargo’s Carolinas and Mid-Atlantic offices and will remain based in Winston-Salem, the original home of Wachovia headquarters.
She will report to Anthony McEahern, head of Wealth Planning at Wells Fargo and will focus on both traditional wealth planning, such as cash flow, investments and wealth transfer, as well as qualitative issues, such as legacy planning, family governance and family wealth education.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Referring to the firm’s UHNWI client base, Featherngill said "Planning has been an integral part of family wealth since its inception."
She also added that the UHNWI clients are concerned about passing on the values of money than worrying about running out of money.
Abbot Downing is the firm’s newly combined family wealth business and combines two existing Wells Fargo businesses, Wells Fargo Family Wealth and Lowry Hill, which is to be rebranded in April 2012, to serve the UHNW market.
Featherngill opined that the key challenge in 2012 for UHNWI clients would be planning around the proposed changes to US tax exemptions in 2013.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
