Your partner to grow a successful client-focused wealth program.
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We bring together everything that is required to provide your bank with a modern financial planning and investment management service. Our turnkey program includes a dedicated financial advisor, technology, marketing content, compliance and practice management. The program is free to your bank and generates recurring non-interest fee income.
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Empowering Banks & Credit Unions
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Program Features
Our team delivers extensive resources and support to launch and grow your bank's wealth management program. A program manager works in partnership with your team to develop a growth strategy tailored to the needs of your customers.
Dedicated Financial AdvisorWe provide your bank with an experienced, trained, and knowledgeable advisor focused on serving the needs of your customers. Advisors work to understand customers' financial situation, goals, risk tolerance, and time horizon to establish a prudent plan and investment portfolio. Advisors are accessible via chat, email, phone, screen share, video conference and/or scheduled face-to-face meetings.
TechnologyOur platform is designed to provide your customers with an elegant and responsive digital experience. Customers have 24/7 access to an intuitive client portal that provides digital account opening, performance reporting, holding analytics, robo-advisory, data aggregation for held-away accounts, interactive financial planning tools, and a secure document center.
Multi-Channel MarketingWe provide marketing content and guidance to help promote the program and services in addition to live and recorded webinars and seminars. Marketing content includes website, print, direct mail, newsletters, advertising, email, social media, webinars, and seminars. Active marketing efforts help to create program success.
We provide employee training coupled with multi-channel marketing content. Your bank retains control over the marketing efforts to protect customer relationships and your reputation. Vertical Divider
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Program ManagementA program manager works in partnership with your team to develop a growth strategy tailored to the needs of your customers. We provide in-branch and digital marketing campaigns, materials, and employee training. Our life cycle analytics identifies cross-selling opportunities for your deposit products. Learn more.
InvestmentsWe offer customers a diverse range of investment offerings including: mutual funds, exchange traded funds, stocks, bonds, and professionally managed portfolios. Our investment team has access to a wide universe of products including passive, active, income, and socially responsible portfolios that can be tailored to the investment needs of your customers.
Cooperative ValuesAs a fee-only advisory firm, Polaris does not charge commission, product, trade, transaction, or rebalancing fees. Instead, we offer comprehensive fiduciary advice for a transparent annual fee. This pricing model strongly aligns with cooperative values.
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A Complimentary, Cooperative Program |
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The program is free to all bank regardless of number of customers or asset size. Your bank receives recurring non-interest income on a quarterly basis. As assets under management increase, your bank's income stream increases as well.
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As a Registered Investment Advisor (RIA), Polaris is obligated to put clients' best interest ahead of its own and provide unconflicted fiduciary advice. There are no account minimums, commissions, or account fees.
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Program Benefits
Successfully fulfill your customers' financial planning & investment needs and goals.
GAIN RECURRING NON-INTEREST PROFITWe engage in revenue sharing to generate non-interest fee income to your bank. The profits earned from our wealth management program diversify the bank's income. There is no upfront or on-going cost to your institution.
DRIVE PRODUCT GROWTH Wealth management offering helps to drive deposit product growth. Households that have purchased an investment product from their bank are 58% more likely to have a credit card, 122% more likely to have a first mortgage, and 613% more likely to have a second mortgage than other households. Investment member households are also at least twice as likely to have a line of credit or a vehicle loan or lease than households that do not have an investment relationship. 2
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INCREASE DEPOSITS & WALLET SHARECustomers who utilize the bank's wealth offering tend to maintain larger average checking and saving balances. The typical household that owns an investment maintains a 38% larger average checking balance. In addition, household with an established investment relationship have an average of $28,000 in savings - 140% greater than the average savings account balance of other households. 1
BOOST CUSTOMER LOYALTYCustomers that maintain a wealth management relationship with their bank are more likely to stay with their current institution, are more likely to recommend their bank, and are much more likely to turn to their bank for financial advice. 3
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See how we can help you
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Sources:
1,2,3, Kehrer Bielan, The Value of an Investment Client to a Bank or Credit Union, January 2015.
1,2,3, Kehrer Bielan, The Value of an Investment Client to a Bank or Credit Union, January 2015.