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Private Banking Services

Deposit Strategies for Maximum Safety & Earnings

Tailored Credit Solutions for Unique Requirements

Trust Review & Administration

Cash Management Services to Simplify Business Operations

Foreign Exchange for Both Business & Personal Purposes

 

 

 

 


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Private Banking

Private banking, Janet KenneyJanet Kenny
Senior Vice President Private Banking

Janet has over 25 years of Wealth Management experience and developed the bank's Private Banking division. She specializes in providing a disciplined approach to financial solutions for high net worth clients using a team of local experts. Janet has an extensive Private Banking background in the Kansas City, Chicago and San Francisco markets. She holds an undergraduate degree in Business and Economics and an MBA from Benedictine University, Chicago. Contact Janet

Private Banking, Suzy StrohmSuzy Strohm
Vice President Private Banking
Suzy has over 22 years of retail banking experience and specializes in helping our Private Banking clients south of the river in the Kansas City Metro area.  She is currently a member of Central Exchange, Leawood Chamber, Overland Park Chamber and Northland Regional Chamber.
Suzy is a graduate from the UMKC Bloch School of business. 
Contact Suzy

 

 

The 12 Wealth Management Issues

From experience, clients who benefit most from these services tend to have distinct financial needs– from solutions such as providing a single point of oversight to identifying situations where teams of specialists should be assembled.

Knowing when and how to apply appropriate financial vehicles to optimize a client’s wealth is the goal.

There are twelve wealth management issues that clients typically face where Citizens Private Banking adds significant value.


1. Investments

Define structure of asset allocation to support your life goals1

Need to have a disciplined rebalancing process of the appropriate asset allocation

Evaluate presence of the appropriate investments and identifying managers that: a) are excellent standing alone, b) inter-relate well together with no excessive overlaps, c) have no excessive conflicts, and d) possess the necessary checks and balances to minimize downside risk

2. Insurance2

Desire for tax-advantaged wealth accumulation

Need for estate liquidity housed outside taxable estate

3. Liabilities

Need for increased focus on cash flow and liability management

Interest in complex lending requiring flexible structures

Need for high end lending or debt structuring for residential, commercial or luxury purchases

4. Qualified retirement plan/IRA distribution

Need for comprehensive retirement planning to decide whether to live first on the QRP/IRA or delay withdrawals as long as possible and stretch your IRA

Identify who is the beneficiary of your QRP/IRA

5. Qualified Plan Fiduciary Risk

Desire to have someone act as a discretionary investment manager shifting fiduciary obligations on retirement plan investments from you, the sponsor

Invest policy management: intial design and quarterly fund analysis to ensure compliance

Plan level GAP analysis:Measuring specific plan health and setting goals to ensure internal plan improvement

Full Fee Disclosure:ensuring transparency and cost management

6. Business succession planning

Analyze needs related to valuations or sale of business

Identify your concerns related to business transition or inheritance

Need to minimize capital gains taxes if sold during your life or gift taxes if transferred during life

7. Durable power of attorney issues

Need to establish durable power of attorney for health and estate and educate and inform your family members named

8. Gifting to children/descendants/ others during life

Need for living wealth transfer strategies (e.g., spousal gifts, annual gifting, education) discussing gift strategies

Desire for fiduciary management or other trust and estate set up

9. Charitable gifting

Need for strategies related to charitable giving (e.g., foundation set up, gift annuities, etc.)

Desire for ongoing
management of your charitable entities

Need to involve your children and other descendants in identifying causes

10. Titling of assets

Need for improved tax advantages by titling assets appropriately

11. Executor/successor trustee issues

Need to establish and structure executor/successor trustees that will both handle your desires and work well with your family

12. Distribution plan for wealth at death

Need for minimizing taxes and handling control issues


Investments and Insurance Products:
NOT FDIC Insured • NO Bank Guarantee • MAY Lose Value

1Asset allocation does not assure or guarantee better performance and cannot eliminate the risk of investment losses.

2Registered Representative, Securities offered through Cambridge Investment
Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Citizens Bank & Trust,
Cambridge and Lawing Financial, Inc are not affiliated. Investments are not
FDIC insured, are not bank products and may lose value.
Investment Advisory Services offered through Lawing Financial Inc,
A Registered Investment Advisor. Lawing Financial doing business as
Qualified Plan Advisors (QPA)
QPA Corporate Headquarters:
6201 College Blvd | 7th Floor Overland Park KS 66211
Phone: 913-491-6226 Fax: 913-491-3214