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Our investment and trust services:
An introduction
Some investors believe that it is important to maintain control over their investments, confident that they can make informed decisions. Yet, understandably, in today’s environment, they are often confused about where to find reliable information. Other investors, less confident of their investment skills, believe that it’s wise to turn to financial advisors for trustworthy asset management.
Typically, we serve our asset-management clients as investment agent or as trustee under a revocable trust agreement. In practice, however, each of our clients is “special.” We fit our services to the needs of the client. For example, you might need little more than a reliable source of investment bookkeeping today, but you might wish a much broader array of asset-management services when you retire and have new money to invest.
As a corporate fiduciary, we’re dedicated to helping investors of all mindsets achieve their goals. Of course, we also provide traditional trust services, such as administering estates and managing trust funds for young or inexperienced beneficiaries. Our primary function, however, is helping people like yourself turn financial success into financial security.
We’re here to help.
Whether you are an investor who just wants reliable, informed advice about the choices available to you, or someone who expects that an investment manager should be making the important decisions, we have a service tailored specifically to your circumstances.
For a FREE informational packet or to schedule a no-cost, no-obligation consultation, please contact your local Northwest banker or Tom Brennan, Marketing Manager / Investment & Trust Services.
Contact Us.
Ask a trust officer:
What is a “fiduciary”?
DEAR TRUST OFFICER: I understand that you are a “corporate fiduciary.” What is that exactly? Aren’t you just a different flavor of stockbroker or financial planner?
—SHOPPING FOR ADVICE
DEAR SHOPPING:
“Fiduciary” is a legal term that describes the duties that one party owes to another in a business relationship. A fiduciary duty is the highest duty of care in the law and has been a standard element of trust practice for decades. There are many elements to fiduciary duties, but perhaps the most important is the duty of loyalty, to put the interests of the client ahead of one’s own interests.
A “corporate fiduciary” is a business entity, such as ours, that has been granted permission by the state to act in a fiduciary capacity. We can serve as trustee, and we can settle estates. In this capacity, we are subject to a wide range of audit controls and government regulatory supervision.
Most stockbrokers are not fiduciaries, and many financial planners have resisted moves to upgrade their client relationships to fiduciary status. Thus, we are different from these sorts of advisors in a way that can have legal consequences.
One example of this difference: We are compensated for our services with a fee that varies with the size of the account under management. We do not earn more based upon the transactions that we generate or the type of service that we recommend. Our interests are, therefore, always aligned with the interests of our clients. We prosper when they do.
When we act as trustee, our investment decisions must be responsive to the needs of both current and future beneficiaries. This is not an ordinary perspective to have for portfolio management. Our approach cannot be risk free, but it does tend to be risk averse.
PRODUCT SPOTLIGHT:: Are You Receiving Money
from an Oil or Gas Lease?
If you have royalty and bonus monies to invest and manage – you can benefit from a talk with one of our local financial advisors.
You’ll learn how we can help you develop a sound, productive strategy for putting your money to work, an approach tailored to your goals and requirements.
Expecting a retirement-plan payout?
If you’re about to change jobs or retire, you may be receiving a lump sum distribution from a 401(k) or other tax-deferred retirement plan. Consider a direct rollover into an IRA. By having your lump sum transferred directly to an IRA, you can have us invest the entire payout for you, undiminished by current income tax or a possible 10% penalty tax.
Caution: If you do not arrange in advance for a direct rollover, 20% tax will be withheld from the distribution that you receive.
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