Picking up on the latest trend in asset management at banks, Wells Fargo & Co. has set up a stand-alone investment boutique for institutional clients.

The San Francisco-based banking company announced last week that its new registered investment adviser, Wells Capital Management, is set aside from the bank's operations.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.