“How Your Bank Can Help You Manage Your Assets in the Smartest Ways”
Better overall financial management starts with finding professionals you can trust, and who can walk you through understanding what different products offer. No two estate plans are created equal, and it helps to work with qualified experts who know the ins and outs of the industry, have worked in it for years and who have your best interests at heart … always. To create the most comprehensive and airtight wealth management package for your needs — whether that includes your personal wealth, your business, or both — start by considering the following important factors.
Work with a full range of services to maximize overall growth and safety.
Why it’s important: Managing your assets for their ultimate potential and ensuring that everything gets properly distributed after you pass often means taking advantage of multiple products at once, as well as putting all the correct checks and balances into place. For example, if you’re considering or already have a trust, most trusts could benefit from a corporate trustee or a co-trustee. A bank can act as a corporate trustee to help consumers build, manage and protect their trust, even after they pass. Corporate trustees are held to an incredibly high standard, and they are regulated by both state and federal agencies. At First Midwest, professionals with years of experience can walk customers through the entire corporate trustee process in a way that makes sense and disperses concerns.
Find a Fiduciary.
Why it’s important: Nothing is more important — or emotional — than the financial management of your own estate, as well as that of your loved ones and/or your business. This is why it’s important to ensure that you are working with a fiduciary in all cases involving your estate. Fiduciaries like First Midwest hold a legal and ethical relationship of trust with their clients. They ensure that the client’s interests are placed before their own interests in all matters with which they are involved. This expertise can often extend beyond individuals, as well. First Midwest can also act as a corporate fiduciary for business owners, including 401(k)s.
Establish relationships with qualified professionals who have the expertise to help you reach your goals.
Why it’s important: The financial management field is full of people who promise to give you the moon, but who likely won’t be able to deliver. At First Midwest, wealth management professionals combine years of experience and first-hand knowledge of what works with individualized plans that provide overall growth and strategic planning to properly manage growth and meet your needs.
There are a number of places you can turn for financial management and estate planning services these days, but every place is not created equal. When you’re looking for a thought leader in the wealth management services industry, you’ll want to start with the basics listed above: A wide range of services available with knowledgeable people at the helm to guide you in the right direction, as well as fiduciaries who act with your best interest in mind always. At First Midwest, these are the guidelines followed every day to create lasting estate planning and financial management services. Click here to see what we can do for you today.
Wealth Management is offered through First Midwest Bank. Most wealth management products are not FDIC insured.