Investment Strategies

River Valley Bank Expands Wealth Management Offering With WoodTrust Alliance

Eliane Chavagnon Reporter August 29, 2012

River Valley Bank Expands Wealth Management Offering With WoodTrust Alliance

Wisconsin and Michigan-based River Valley Bank and WoodTrust Asset Management, a unit of WoodTrust Bank, have agreed to jointly market trust and investment services to current and future River Valley clients.

According to an information leaflet to clients, the primary motive for this alliance is to offer River Valley customers a comprehensive wealth management service “without disruption to existing core banking relationships.”

Current River Valley client accounts will be transferred over to a new broker-dealer services platform - a process which is scheduled to finish in the final quarter of 2012.

The firms also said the alliance will not affect either company’s core product or banking services, and each bank will still operate independently.

WoodTrust Asset Management manages some $1.1 billion in client assets across 30 states.

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