Ascent Private Capital Management of U.S. Bank names Kelly Thomson head of new La Jolla, California office.


LA JOLLA (Feb. 7, 2018) — U.S. Bank Wealth Management, ranked among the top 20 U.S. wealth managers,* has named Kelly Thomson as regional managing director of Ascent Private Capital Management’s La Jolla, Calif. office. 

"Kelly brings to Ascent an entrepreneurial spirit and the hands-on experience in building teams and businesses that will be critical to launching and building our La Jolla office,” said, Michael Cole, president of Ascent. "His reputation and proven capabilities working with individuals and families of significant wealth make him the ideal choice to build this new team.”

Ascent’s La Jolla office will serve individuals and multigenerational families with significant resources who aspire to make an impact with their wealth.  It is a boutique, multifamily office within Minneapolis–based U.S. Bank. The La Jolla office is Ascent’s sixth office since it was launched in 2011.

Thomson, who most recently served as managing director of Magee Thomson Investment Partners, LLC in San Diego, will report directly to Michael Cole, president of Ascent. He co–founded Magee Thomson Investment Partners, LLC, a boutique investment advisory firm for large public and corporate pension funds. He also served with Duncan-Hurst, Inc. as vice president of marketing and client service, where he was a key member of a team that grew assets under management from $1.5 to $8 billion. 

"I am thrilled to be part of Ascent and to bring everything Ascent has to offer to new clients in San Diego and southern California. I am excited to hand pick a team of professionals that will deliver on the deep level of comprehensive wealth management and client experience that Ascent is known for,” Thomson said.

Thomson earned a bachelor’s degree in business economics from the University of California at Santa Barbara.

Since 2009, Thomson has served as a board member and treasurer of the San Diego–based nonprofit Outside the Lens (OTL). This non–profit has provided access to enriching photography, filmmaking and digital media education to underserved youth, working with the San Diego Unified School District, The United Nations and The Peace Corps. The organization inspires youth to tell their stories and teach them that participation in their community’s future makes a difference.

* Barron’s "Top 40 Wealth Management Firms,” Sept. 25, 2017 ranked by client assets in accounts of $5 million or more as of March 31, 2017.

About Ascent Private Capital Management
Ascent Private Capital Management serves individuals and multigenerational families with significant resources who aspire to make an impact with their wealth. Clients can expect highly personalized advisory services that combine traditional wealth planning offerings with cutting-edge wealth impact planning and communication tools. For more information, visit www.ascent.usbank.com.

About U.S. Bank (www.usbank.com)
Minneapolis-based U.S. Bancorp (NYSE: USB), with $462 billion in assets as of December 31, 2017, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,067 banking offices in 25 states and 4,771 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

 Deposit products offered by U.S. Bank National Association. Member FDIC. Credit products offered by U.S. Bank National Association and subject to normal credit approval.


Investment products and services are:
NOT A DEPOSIT • NOT FDIC INSURED • MAY LOSE VALUE •
NOT BANK GUARANTEED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

U.S. Bank and its representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. Individuals should consult their tax and/or legal advisor for advice and information concerning their particular situation.

U.S. Bank is not affiliated with the companies or organizations mentioned above.

Contact:
• Michael Walsh, vice president of public relations, 612.303.9122, michael.walsh@usbank.com

 

Investment products and services are:
Not a Deposit   •   Not FDIC Insured   •   May Lose Value   •   Not Bank Guaranteed   •   Not Insured by any Federal Government Agency

 
 

Equal Housing Lender Equal Housing Lender. Credit products are offered by U.S. Bank National Association and subject to normal credit approval. Deposit products offered by U.S. Bank National Association. Member FDIC.

U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Wealth Sustainability services are not fiduciary in nature, and Ascent serves in a non-fiduciary role when providing these services. Wealth Sustainability services may include strategic wealth coaching services in order to facilitate your self-assessment of wealth sustainability issues. Ascent does not engage in the practice of psychology.