Select Equity Team

The team has used the same time-tested decision-making process for more than 20 years. The strategy has been continuously managed by the same portfolio manager since inception.

  • Make research count—approximately 30 holdings (optimal combination of research intensity and alpha generation)
  • Identify change—business model, core competencies, competitive advantage, management
  • Listen for the quiet—"Research is to see what everybody else has seen and to think what nobody else has thought" (Albert Szent-Gyorgyi)
  • Distinguish noise from change drivers—two to three key issues drive stock price performance
  • Exploit price/private market value discrepancies—stock prices typically trade in a range of 50% to 80% of private market value, which is the price an acquirer would pay to purchase the entire company

Portfolio management

Richard T. WeissRichard T. Weiss
Portfolio Manager
44 years investment experience
Chicago, IL

Team location

Chicago, IL

Wells Fargo Asset Management is committed to providing information that is accessible to users of assistive technologies. The reports on this website have been released to the public in accordance with SEC regulations. These documents will be converted to alternative formats as soon as possible. In the meantime, should you require more immediate assistance, please contact us at 1-800-222-8222.

© 2019 Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker/dealer and Member FINRA). Associated with WFAM is Galliard Capital Management, Inc. (an investment advisor that is not part of the WFAM trade/GIPS firm).

© 2006 - 2019 Wells Capital Management. All rights reserved.

Wells Capital Management® is a registered service mark of Wells Fargo & Company.