Northwest Financial Advisors partners with Members Trust Company
Strategic partnership expands member reach through access to trust services
HERNDON, VA (November 8, 2017) — Northwest Financial Advisors (NWFA) today announced its strategic partnership with Members Trust Company, FSB, the nation’s first nationally chartered trust company for the credit union industry. Members Trust Company will be available to serve as a corporate trustee and trust fiduciary for NWFA’s clients in need of trust services.
“We are delighted to embark on this partnership with Members Trust Company, a credit-union owned trust company whose philosophy replicates our own — to serve and protect our clients’ interests above all else,” said Kevin Fisher, president and CEO of Northwest Financial Advisors. “Because Members Trust Company offers reasonable fees and lower asset requirements, we are able to potentially offer more of our clients access to trust services. With the company’s history of exclusively serving the credit union community, we are confident that Members Trust has the expertise and dedication to handle our clients’ trust needs with the highest level of competency and care,” said Fisher.
Trusts can be a valuable component of an estate plan, and many individuals seek corporate trustees or co-trustees to take on the burden of managing and administering the assets the trust controls. Members Trust Company has three decades of experience offering corporate trustee, guardianship and conservatorship services to the credit union community. Forming a strategic partnership with Members Trust Company enables NWFA to offer clients with assets starting at $150,000 access to trust services, while most banks and trust companies will not work with clients who have less than $1 million in assets. By partnering with Members Trust Company, NWFA receives greater visibility into the trust services delivered, lending confidence that the trust services are carried out in a professional and satisfactory manner.
Sheldon Reynolds, vice president of Trust and Investments for Members Trust Company said, “We are pleased to join forces with Northwest Financial Advisors to offer trust services to its clients who may benefit from this flexible estate planning tool. We have a long history of working with the credit union community and are proud of our reputation for fiduciary guidance and dedicated, compassionate service. Our promise is to deliver trust services with expertise, efficiency and meticulous attention in the most cost-effective manner possible. By delivering on this promise, we meet the unique needs and interests of the individuals and families that Northwest Financial Advisors serves each and every day.”
NWFA can now rely on a dedicated and like-minded resource for providing reputable and reliable trust services to its clients interested in meeting specific financial and personal objectives through a trust.
About Northwest Financial Advisors
Serving individuals and businesses across the nation for more than two decades, Northwest Financial Advisors (NWFA) is owned by NW Capital Management, a wholly owned subsidiary of Northwest Federal Credit Union, and offers a comprehensive range of personalized, objective wealth management advice and solutions to help individuals, families and business owners create, grow, protect and preserve their assets. LPL Financial, the nation’s leading independent broker-dealer and NWFA’s securities custodian, ranked NWFA the No. 1 investment program among its credit union programs and the No. 5 investment program among its bank and credit union programs combined in 2020 (based on total investment revenue).1 For more information, visit nwfllc.com.
About Members Trust Company
Members Trust Company is the only nationally chartered, credit union-owned trust company. Providing a full array of trust and asset management services, Members Trust Company helps credit unions to fulfill their mission of providing high-quality, low-cost financial services to their members. Members Trust is owned by credit unions and CUNA Mutual Group and has provided trust services to credit union members for three decades. More information is available at www.memberstrust.com.
