What Is Wealth Management?

Wealth management is a system of services, solutions and consultations designed to help affluent individuals effectively manage, invest and use their money. Wealth management solutions recognize high-wealth individuals may have higher tax burdens, more complex portfolios, complicated inheritance concerns and greater liability risks when compared to medium-income and lower-income individuals. These solutions offer expert advice and assistance to address these and other issues.

The Importance of Wealth Management Planning

It’s hard to overstate the importance of wealth management planning. Wealth management services are important because they:

  • Assist with wealth transfer: Estate planning is an important factor for many affluent individuals. Wealth planning can help these individuals use their money as they wish, even when they are no longer present. Planning can also help reduce taxes and ensure your money protects the families, businesses, charities and other entities you care about.
  • Help individuals achieve goals: Wealth can open many doors, but only when it’s used correctly. Wealth management services help individuals use their money to maximum impact, whether that means giving money to charity works, distributing the money to family or having enough to plan for larger purchases. Wealth managers work to help high-net-worth individuals grow their wealth and maximize the impact of their money.
  • Protect individuals: Individuals with large assets can be vulnerable to excess tax burdens, fraud, inflation and other concerns. Wealth management helps individuals keep track of large amounts of money and assets while keeping that wealth safe and available for the individual. Professionals can help ensure you keep and grow you assets.
  • Take a holistic approach: When managing large amounts of complex assets, there is no one-size-fits-all approach. An affluent individual may have overseas investments, multiple properties and assets of many different sizes and classes. A holistic approach helps manage all of these pieces and translates them into usable funds which can be used for a specific lifestyle.
  • Help with decision-making: Individuals with high net worth have many options for investing, using and spending their money. Many products are available on the market, and it can be a challenge to determine which ones offer the right mix of growth, risk management and ROI. Since affluent individuals may have different levels of financial literacy, professional assistance can be helpful when making choices from an almost endless array of products and services.

PeoplesBank Wealth Management Solutions

PeoplesBank has been known for offering trustworthy and reliable financial services for generations. We have held onto our personal approach to provide tailored wealth management solutions. At PeoplesBank, you’ll work with a dedicated advisory team of responsive professionals who have the expertise to help you manage your future and current assets. We get to know you, your needs and your portfolio.

PeoplesBank has many wealth management solutions available for you and your family, including investment management accounts, trust administration services, IRAs, estate settlement, custodial accounts, comprehensive financial planning, estate planning services, power of attorney services, brokerage services, bill paying services and enhanced 1099 reporting.

We believe your banking should be as uncomplicated as possible. Whether you’re looking for a customized approach to managing your investments or are interested in our private banking services, your Relationship Manager will help you discover which product offering is right for your investment needs. Our wide range of strategies and solutions enable us to create a realistic overall plan to help you achieve your goals. Review our offerings below and contact us to get started!

Access Your Wealth AccountInvestment Strategy Outlook

Wealth Management
Private Banking
Investment Management AccountsPremier Line of Credit
Online Banking
Individual Retirement Accounts (IRAs)Signature Line of CreditMobile Banking
Trust Administration
Specialized Line of Credit
Bill Pay
Estate Settlement
Fixed Rate Term Loans
PeoplesBank Debit Card
Custodial AccountsPrivate Reserve CheckingDirect Deposit
Comprehensive Financial PlanningPreferred Certificates of DepositOverdraft Protection
Estate Planning Services
Power of Attorney Services
Bill Paying Services and Enhanced 1099 Reporting
Brokerage Services

PeoplesBank Wealth Management Solutions Disclosure

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