Bye bye Wells Fargo, hello Allspring! (2024)

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The newly independent money manager has $587bn in assets, Legg Mason’s old CEO, and plans to invest in its technology and distribution.

By Will Schmitt

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Wells Fargo Asset Management has officially changed its name.

As of November 1, the asset manager is now called Allspring Global Investments, with its previously reported sale to private equity firm GTCR and Reverence Capital Partners now complete.

The newly independent asset manager has $587bn of assets under management, 1,400 employees, and will be headquartered in Charlotte, North Carolina.

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Bye bye Wells Fargo, hello Allspring! (2024)

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The newly independent money manager has $587bn in assets, Legg Mason’s old CEO, and plans to invest in its technology and distribution.

To continue reading, register for a free Citywire account

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