Wells Fargo Opens Bank for Super Wealthy

Wells Fargo is opening a bank i9n Chicago called Abbot Downing, which caters to the very, very wealthy. After opening in Chicago next April, it plans to open more branches in San Francisco, Los Angeles, Scottsdale, Denver, Houston, Minneapolis, Philadelphia, Charlotte, Winston-Salem, Raleigh, Naples, Jacksonville and Palm Beach. The bank is designed for people with $50 million in investable assets.

One of the bizarre features about the bank is that it "will have psychologists on staff to build family genealogies" according to recent news reports. What does psychology have to do with genealogy?


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