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Financial security requires a step-by-step process to reach your ultimate goal. It is a journey based on a sound plan, expert advice and careful attention to detail.
At Central Bank, we created an entire department – our Wealth Management Group – to assist you. We’re right here, near you, working face to face and providing a single, comprehensive relationship for your most important personal decisions.
Learn more about Central Bank Wealth Management.
For individuals, families and business owners with complex banking needs, the Central Bank Wealth Management Group offers local commitment, consistent processes and dedicated service to help uncover solutions for your financial needs.
Investment management begins with the fundamentals of sound investing. In a personal meeting, we will assess your tolerance to risk, time horizon and investment objectives. With these three things in mind, we can suggest an asset allocation strategy that will meet your long-term needs. This solid base will allow us to build a portfolio that meets all your objectives.
Your tolerance to risk is an important part of the base for deciding what goes into your investment portfolio. We talk to you about risk parameters and how they can affect asset management. The management and tolerance of risk are considered within your time horizon to determine the quantity and type of investment products within the portfolio.
The span between when you are considering an investment decision and the time when the investor will need the money is considered the time horizon. It can usually be categorized as short, medium or long, as follows:
Category | Time |
|---|---|
Short | 1–3 years |
Medium | 4–9 years |
Long | 10 years or more |
Most likely, you have a clear understanding of what you are saving for. Our investment specialists can help guide you, using risk tolerance and time horizon, toward meeting your investment objective, whether that is saving for a house, saving for retirement or putting your children through college. The objective is important and can only be reachable if you have a clear idea of what it will take. The job of the Wealth Management professional is to explain the path needed to successfully reach your investment objective.
After risk tolerance, time horizon and investment objectives are determined, an investment professional can help you decide what asset allocation is needed to achieve the desired results. Portfolios are typically comprised of a mixture of investments dependent on your risk tolerance and time horizon. And, the investment team at Central Bank & Trust Co. has put together several models to help make selecting an asset allocation strategy easier.
Central Bank’s Private Banking is a comprehensive blend of financial services. It is designed to offer our clients one point of contact and assist them in managing the financial services needed to achieve financial security.
Cash management
Home equity lines
Risk analysis and management
Tax planning and preparation
Gifting strategies
Family asset management
Development and review of stock-option strategies
Diversification of large blocks of low-basis stock
A Certified Financial Planner (CFP) can assist you with planning in a multitude of areas.
Investment Analysis
Retirement Planning
Educational Planning
Life Insurance Review
Disability Insurance Review
Long-Term Care Insurance Planning
Estate Planning
As a part of our approach, our Wealth Management Services team provides comprehensive estate planning to help you understand the complexities of taxes, trusts, investments and a host of other factors. They have an in-depth knowledge of the latest developments in the fields of federal and state tax laws, trusts, wills and estate settlement.
Estate-planning strategies
Wealth preservation and transfer strategies
Charitable giving options
Estate settlement services
Agent for the executor
Professional investment management
Rollover IRAs
If specialists are needed, additional tax and estate-planning expertise is always available to our clients.
Save for your retirement by employing a savings plan that can also give you tax advantages.8
Your contributions may be tax-deductible.
If you meet certain requirements, withdrawals may be tax-free.
A savings plan designed for small businesses and self-employed individuals.
No, see your Central Banker for more information or to get started today.
