Wealth Management

True North Wealth Management with Old Mission

Wealth Management Services

We have chosen to partner with a highly respected wealth management organization, Old Mission Investment and Trust, in order to provide the best wealth management structure to our clients across northern Michigan. Wealth management goes beyond traditional stocks and bonds, seeking a sound blend of of expertise for your tax, estate, trust, and investment management needs. Services provided by Old Mission are deeply rooted in the fiduciary standard of care, one that places the financial needs of the client first and foremost, taking a team approach to managing your wealth over the long-term.

Investment Management Services

The investment landscape is complex. Along with tax considerations, investment choices, and turbulent markets come the need for experienced professionals to work with you and your family. Understanding your unique needs is Old Mission’s goal. Portfolio management is no longer about picking a single mutual fund, or owning an individual stock. Adequate diversification involves asset allocation, and examination of short, intermediate, and long range objectives, and the efficient allocation of assets between stocks, bonds, and cash assets. Our partnership with Old Mission Investment and Trust provides and excellent building block of portfolio management capabilities that our customers will appreciate.

Investment Management Services include:

• Discretionary investment management
• No-load mutual fund and exchange traded fund models
• Common stock analysis and reviews
• Tax efficient investment strategies

Personal Trust Services

At Old Mission Trust Company, they understand that acting on behalf of you and your family is a tremendous responsibility. For many years, they have served as a trusted advisor to many of their clients, and when appointed as your trustee they can navigate the complex tax and legal responsibilities that come with serving as trustee. Our families are comforted knowing that services such as estate settlement, trust administration, tax preparation, bill payment and investment management services can be offered without interruption to your family when the time comes. Can you imagine having a relationship with an organization that knew you, your spouse, and your family at a time when ‘change’ was something that your family didn’t need? We can.

Personal Trust Services include:

• Trust and Estate Settlement
• Probate Matters
• Tax return coordination
• Bill payment services
• Investment management and asset consolidation
• Revocable and Irrevocable Trust Management
• Old Mission as Trustee or Executor
• Multi-generational trust management

Business Retirement Plans

We recognize that our relationship with our business owners allows us to wear many hats. A retirement plan for your business is something that goes above and beyond, providing an added benefit to your employees both now and into the future. A well designed business retirement plan is an important part in attracting and retaining your employees. Old Mission’s goal is to design, implement and manage your employer plan while mitigating the risks and challenges that come with sponsoring a 401(k) plan, or other plan, for your business. They are dedicated to assisting our small business partners in fulfilling their duties under ERISA.

Employer retirement plan services include:

• Retirement plan design and implementation
• Plan document review for existing plans
• Existing plan reviews, cost and benchmarking analysis
• Employee meetings, group and individual consultations
• Employee education
• Plan provider search and reviews
• Investment selection, monitoring, and performance reporting
• Discretionary and non-discretionary investment services

Financial Planning Services

Retirement and financial planning is more complicated than you think. How much money will you need to save, when can you retire, how much income can you expect, and what type of investment structure should you have? These are all common questions for pre-retirees looking to develop and implement a sound financial plan. Are you already retired, and looking to seek a second opinion on your investment allocation and investment mix? Old Mission would be happy to give you the specific guidance you need to feel confident in your retirement decisions.

Financial Planning Services Include:

• Retirement income planning for pre and post retirees
• Savings rate calculations, withdrawal rate sustainability
• Recommended retirement age studies
• Social Security income analysis
• Investment risk assessments
• Asset allocation studies
• Estate planning considerations

Investment management services are offered by Old Mission Investment Company, LLC. Trust services are offered by Old Mission Trust Company, LLC, an affiliate of Old Mission Investment Company. For a copy of Old Mission Investment Company’s most recent SEC Form ADV Part 2, please contact Old Mission Investment Company at 231-929-4100. The Old Mission Investment and Trust Companies are not affiliated with Honor Bank.

NOT A DEPOSIT – NOT FDIC INSURED – NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY – NOT GUARANTEED BY THE BANK – MAY GO DOWN IN VALUE.