The regional investment director for U.S. Bank's high-net-worth wealth management unit in the central United States is moving up the ranks.

Daniel Farley was promoted on Monday to leader of the Private Client Reserve in the Twin Cities. He will lead a team of wealth management professionals providing investment management, private banking, trust and estate services and wealth planning to high-net-worth clients in the greater Minneapolis-St. Paul area, the bank said.

Daniel Farley will lead a team of wealth management professionals serving high-net-worth clients in the greater Minneapolis-St. Paul area.
Daniel Farley will lead a team of wealth management professionals serving high-net-worth clients in the greater Minneapolis-St. Paul area.
Daniel Farley will lead a team of wealth management professionals serving high-net-worth clients in the greater Minneapolis-St. Paul area.

Farley took command of the market from Margaret Paddock who relocated to San Diego in August to assume a similar role there.

Farley served as the Reserve's regional investment director for almost two years. In that position, Farley oversaw more than 40 investment professionals and staff and was responsible for the portfolio management of more than $20 billion in client assets, according to his LinkedIn profile. He coordinated with financial planners, trust officers and bankers throughout the central United States to design processes and strategies to manage clients' wealth, he said.

Prior to that, he was senior managing director, a role he held for more than two years. He joined the Reserve in June 2010 as a senior portfolio manager in the Twin Cities.

Farley, a former combat engineer platoon leader in the U.S. Army, reports to Jason Stamm, the Reserve's central region president.

"The Twin Cities is an important market for us, and I am ecstatic that we have someone of Dan's caliber to lead the team," Stamm said in a statement. "Dan represents everything we are looking for in an ethical, client-focused, forward-thinking leader to lead this headquarters office."

Mike Ott, president of the Reserve, also lauded Farley's experience and leadership ability. "He has taken on additional challenges in all of the roles that he's assumed, and we are thrilled that he will bring that same work ethic and dedication to our clients here in the Twin Cities," Ott said.

The Reserve is part of U.S. Bancorp Wealth Management, which generated $187 million in third-quarter revenue, up 5% year-over-year, according to the bank's latest earnings release.

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