U.S. Bank is ramping up the high-end tiers of its wealth management business in Seattle. The Minneapolis-based bank has added two new professionals to Ascent Private Capital Management, its wealth management business for the super wealthy, and hired a former Morgan Stanley Smith Barney officer for the Private Client Reserve business serving high-net-worth clients.

Joining Ascent are Lisa Simonson and Kato Wade. Simonson assumes the role of director of Financial Administration and will serve as chief family financial officer for Ascent’s ultra-high-net-worth clients with more than $25 million in investable assets. Simonson was previously a senior client analyst with Laird Norton Tyee in Seattle, Wash., acting as co-advisor for several families. She has more than 15 years of experience in private wealth management, business financial consulting and accounting for families and closely held businesses, according to U.S. Bank.

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