Evercore Wealth Management Names Paula Stumne Managing Director, Wealth and Fiduciary Advisor

Rhea-AI Summary

Evercore Wealth Management has announced the appointment of Paula Stumne as Managing Director and Wealth and Fiduciary Advisor. Based in Minneapolis, Stumne will work with ultra-high-net-worth client families, foundations, and endowments. She joins from Bremer Bank, where she served as a senior wealth advisor. Prior to that, she spent 17 years at Wells Fargo focusing on estate and financial planning, trust and estate administration, and philanthropic planning. She has also been an estate planning attorney at Briggs and Morgan, now Taft Law. CEO Chris Zander highlighted her 25 years of experience as a strong contributor to the firm's growth in the Midwest. Stumne holds a B.S.B. in accounting from the University of Minnesota and a J.D. and LL.M. in taxation from Mitchell Hamline School of Law.

Positive

• Appointment of Paula Stumne brings 25 years of wealth planning and fiduciary experience.
• Stumne’s experience includes roles at Bremer Bank and Wells Fargo, enhancing credibility.
• Stumne will be based in Minneapolis, strengthening Evercore’s presence in the Midwest.
• Evercore Wealth Management manages $13 billion in client assets as of March 31, 2024.

Negative

• No specific financial data or immediate impacts on stock performance were mentioned.
• The press release does not address any potential challenges or risks related to the new appointment.

NEW YORK--(BUSINESS WIRE)-- Evercore Wealth Management today announced the appointment of Paula Stumne to managing director, wealth and fiduciary advisor. Ms. Stumne is based in Minneapolis and works directly with ultra-high-net-worth client families, foundations and endowments, delivering comprehensive strategic wealth planning and fiduciary services.

Ms. Stumne joins Evercore from Bremer Bank, where she was a senior wealth advisor to ultra-high-net-worth families. Earlier, she worked for Wells Fargo for 17 years, focusing on estate and financial planning, trust and estate administration, and philanthropic planning. She also was an estate planning attorney at Briggs and Morgan, now Taft Law.

"We are pleased to welcome Paula to our national team,” said Chris Zander, CEO of Evercore Wealth Management and Evercore Trust Company N.A. “Her 25 years of wealth planning and trust and fiduciary experience will make her a strong contributor to the continued growth of our firm in the Midwest.”

Ms. Stumne earned a B.S.B. degree in accounting from the University of Minnesota’s Carlson School of Management and her J.D. and LL.M. in taxation at the Mitchell Hamline School of Law.

About Evercore

Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic and financial significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings and capital structure. Evercore also assists clients in raising public and private capital, delivers equity research and equity sales and agency trading execution, and provides wealth and investment management services to high-net-worth and institutional investors. Founded in 1995, the firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.

About Evercore Wealth Management

Evercore Wealth Management LLC, a subsidiary of Evercore Inc., serves high-net-worth families, foundations, and endowments across the United States, delivering customized strategic wealth planning, investment management, and trust and custody services. The firm manages $13 billion in client assets as of March 31, 2024. Additionally, Evercore Wealth Management offers personal trust and custody services to its clients through its Wilmington, Delaware-based affiliate Evercore Trust Company N.A., a national trust bank regulated by the Office of the Comptroller of the Currency. More information about planning, investing and personal fiduciary services at Evercore Wealth Management and Evercore Trust Company N.A. can be found at www.evercorewealthandtrust.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240617832499/en/

Media:

Aline Sullivan

Lexicon Associates, for Evercore Wealth Management LLC and Evercore Trust Company N.A.

+1.203.918.3389

Investors:

Katy Haber

Head of Investor Relations & ESG

InvestorRelations@Evercore.com

Source: Evercore

FAQ

Who is the new Managing Director at Evercore Wealth Management?

Paula Stumne has been appointed as the new Managing Director at Evercore Wealth Management.

What is Paula Stumne's role at Evercore Wealth Management?

Paula Stumne has been appointed as Managing Director and Wealth and Fiduciary Advisor.

What is the stock symbol for Evercore?

The stock symbol for Evercore is EVR.

Where is Paula Stumne based?

Paula Stumne is based in Minneapolis.

How much in client assets does Evercore Wealth Management manage?

Evercore Wealth Management manages $13 billion in client assets as of March 31, 2024.

What is Paula Stumne's educational background?

Paula Stumne holds a B.S.B. in accounting from the University of Minnesota and a J.D. and LL.M. in taxation from Mitchell Hamline School of Law.