U.S. Bank Wealth Management Appoints Daniel Farley Chief Investment Officer

U.S. Bank has named Daniel Farley, CFA, as the new chief investment officer for its Wealth Management Asset Management Group. Based in Minneapolis, Farley will oversee investment strategy and portfolio construction for more than 480,000 wealth management clients. This leadership transition comes as the firm seeks to strengthen its advisory capabilities and navigate complex market conditions involving shifting interest rates and global diversification.

Daniel Farley’s appointment as chief investment officer (CIO) places him at the helm of the U.S. Bank Wealth Management Asset Management Group, where he will lead investment strategy and asset allocation decisions. In this capacity, Farley is responsible for guiding the financial futures of over 480,000 wealth management clients, focusing on critical economic factors such as inflation and interest rate fluctuations. Scott Ford, president of Wealth Management at U.S. Bank, highlighted Farley’s visionary leadership and his previous success in delivering results within the firm’s Midwest region as key drivers for his promotion.

Farley brings extensive internal experience to the CIO role, having been with U.S. Bank since 2010. Most recently, he served as the Private Wealth Management Midwest region executive, managing a multi-disciplinary team of more than 300 professionals across private banking, estate planning, and trust administration. His tenure at the bank also includes roles as regional investment director and senior portfolio manager. Before joining the financial institution, Farley held positions at Dougherty Financial Group and served as chief financial officer for Master Development Services, following an initial career as a combat engineer officer in the U.S. Army.

The leadership change occurs as U.S. Bank Wealth Management continues to garner industry recognition, including a top ranking for investments on TIME’s “America’s Best Financial Services of 2026” and high marks for client satisfaction from J.D. Power. As the fifth-largest commercial bank in the United States, U.S. Bancorp oversees a vast wealth management ecosystem that includes U.S. Bancorp Investments and U.S. Bancorp Advisors. Farley’s academic background, including an MBA from the Wharton School and a civil engineering degree from the University of Notre Dame, alongside his CFA designation, positions him to lead the firm's efforts in evolving its investment perspective and client service models.