Wealth Management Services for Your Business

One of the most common ways to maximize profits is to create operational efficiencies in your business systems. One way to improve efficiency is to manage all your money in one place.

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, establish lines of credit, and tap into treasury management tools. 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 an efficient way to achieve comprehensive and cohesive wealth management.

Overview of Services

From a business perspective, wealth management goes far beyond retirement planning to include services for business owners as well as facilitation and management of employee 401(k)s.

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 individuals and businesses:

• Financial Planning – We take a global view of your situation and find ways to maximize growth of corporate assets to secure your legacy.
  
• Financial Advisory Services – This is traditional financial management handled through Lake Ridge Financial.
  
• Employee Benefit Retirement Plans – We can administer a fully managed 401(k) plan, along with fiduciary services and other retirement plan options that match your goals.
  
• Asset Management – Whether you are considering retirement, want guidance for investing the funds from the sale of your business, or are seeking insight on succession planning, we can help you determine your best path forward.
  
• Trust Services – Our thoughtful and caring experts can serve as trustee to coordinate your business succession 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 Personal Representative, 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 loved ones find great comfort in someone else taking on these duties in their time of mourning.
  

Whether your organization needs assistance with one of these issues or this entire list, our Wealth Management services can be customized to fit your circumstances.

Plan with Confidence

Your business can benefit from a financial plan. Don’t overlook ways to grow your assets through investment, interest, and returns. 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 or call the location nearest you to get connected with someone on our wealth management team.

Investment Products: Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value