The Wealth Management Group at Lakestone Bank & Trust is a resource for the members of the community to gain fiscal help and advice from a financial institution that they have known and trusted for over 115 years.
The Wealth Management Group covers two aspects of financial services - the Trust Department, which handles trust services, institutional and personal investments; and
Lakestone Financial Services (Securities offered through Infinex Investments Inc., Member FINRA/SIPC), which is a full service brokerage and insurance organization and includes financial, education and retirement planning.
"Some of the first trusts come from when English land holders fought in the crusades," said Senior Vice President & Chief Trust Officer Gary Drainville. "The owner went off to fight and left a trusted individual in charge of their property - someone to serve as the owner, pay the taxes, manage the day-to-day operations, etc. Today, we just offer a more modern version of those services." Corporate Trustees like Lakestone's Wealth Management Group can pay bills, manage assets, pay taxes, administer and act as the executor of estates.
"Trusts go beyond investing," said
Adam Schlusler, JD, Vice President, Wealth Management Officer. "When we act as a trustee for a trust or an executor for an estate, we make sure that the wishes of the client are followed. It's especially helpful for people who don't have close relatives, or who have a complex family dynamic. Having someone who is a third party act as executor also takes the burden off of grieving family members."
The Trust Department of Lakestone Bank & Trust can administer many different kinds of trusts and investments for individuals, as well as for foundations and endowments.
Lakestone Financial Services Financial Advisor and Infinex Investment Executive Ty Schmidt is also ready to help with financial questions.
"I'm here to help my clients reach a goal," said Schmidt. "Whether that goal is education, retirement or financial stability."
Financial planning isn't just for those starting out either, Schmidt pointed out. "With people on a fixed income, we can budget for anticipated expenses and make a plan for assets to cover future expenses. With any client, I take into account their income and expenses before determining what options help them best attain their goals."
Through Lakestone Financial Services, Schmidt can provide a wide variety of financial programs,
depending on what will best serve his client's needs.
"The key is finding out what's right for the client. Each person is different - their needs and goals are different and that leads to different investment choices," said Schmidt.
For more information, or to have your questions answered, please feel free to contact us:
Gray Drainville - 810.245.2934
Adam Schlusler - 810.245.2946
Ty Schmidt - 810.245.2935