Investment Management Accounts

An Investment Management Account provides all the services of a Custodial Account and the additional bank responsibility of portfolio review and investment advice for the account.  This may be an option for you if:

ü   You want professional investment advice for your portfolio

ü      You have a large investment portfolio; the day-to-day record keeping can be quite a hassle

ü      You reside in a nursing home and do not wish to handle daily record keeping and bill paying

ü      You travel a great deal and are not home often to pay bills

Our Trust Department will work with you to establish investment objectives and will, thereafter, review holdings, activity and investment performance at prescribed intervals.  Subsequent to review and analysis, investment recommendations are made to coincide with maintenance of investment objectives.

The decision to accept or reject bank recommendations under an Investment Advisory relationship rests solely with you.  As a consequence, trades are made only with your consent.

An Investment Advisory Account is an “agency” account governed by a letter of agreement between the customer and the Trust Department.  As such, you may terminate it at any time.  Upon your death or incompetency, by law, the Investment Advisory Account is automatically terminated.

Benefits include:

§         Professional review of a customer’s investment portfolio on a regular basis

§         Professional investment advice on a regular basis

§         All ancillary services provided by a custodial account

§         Simplified record keeping

Please contact us for more information.