Experts tell you that the best way to get the most out of your money is to use a comprehensive approach to building wealth.
But what is a comprehensive approach? And where do you start?
Lake Ridge Bank makes it easy to put all the pieces together by offering wealth management services at the same place where you save, borrow, and use credit. By keeping all of your financial services in one place, you not only get the comprehensive approach you’re looking for, but you also get cohesive service:
- There is familiarity and trust established with professionals you already know
- There is convenience in streamlining your cash flow while also optimizing your yield
- There is collaboration among departments and professionals on your behalf
It’s a comprehensive, cohesive approach.
Overview of Services
Wealth management goes far beyond retirement planning. It’s a way to prepare for and navigate life’s phases and changes. And truly successful wealth management extends past life to help transfer your wealth to those you leave behind.
Lake Ridge Bank recognizes the need to support our clientele along the full spectrum of financial services, attempting to fill a void in the industry for fiduciary services that extend beyond traditional financial advisory. As a general overview, LRB Wealth Management provides the following services to both families and businesses:
- Financial Planning – We can take a global view of your situation and either review an existing plan or help create a comprehensive plan that aligns with your personal goals and lifestyle.
- Financial Advisory Services – This is traditional financial management handled through Lake Ridge Financial.
- Asset Management – Whether you are trying to budget for life with a growing family, are thinking about retirement on the horizon, or are hoping to adequately fund a full life until the end, we can help you determine the best path based on your goals and individual risk tolerance.
- Personal Trust Services – Our thoughtful and caring experts can serve as trustee to administer your estate documents when the time comes. And while our in-house Portfolio Management team can manage trust assets, we are also happy to partner with an outside manager if preferred – a rare perk in the Trust
industry. We have a thorough understanding of fiduciary law, estate planning, investment management, and taxation issues along with the patience, time, and compassion to help guide beneficiaries when the need arises. - Financial Power of Attorney – There are a variety of circumstances where it makes sense to name a fiduciary professional as your Financial Power of Attorney. We can serve that role.
- Estate Administration – Lake Ridge Bank Wealth Management can act as your trustee, review your trust agreement, manage assets, obtain adequate insurance if desired, make payments to trust beneficiaries, file necessary tax returns, and distribute assets when the time comes. We often find that your loved ones find great comfort in someone else taking on these duties in their time of mourning.
In truth, our Wealth Management services can be customized to fit your circumstances.
Plan with Confidence
The overwhelming nature of financial planning means that people sometimes don’t know where to begin…so they do nothing. The most important part of building wealth is to take the first step with someone you trust.
For more information about Lake Ridge Bank’s Wealth Management services, visit lakeridge.bank/wealth or call the location nearest you to get connected with someone on our wealth management team.
