Financial Planning
Develop a Blueprint for Financial Success
Whether you are single or married, younger or older, it’s important to consider your financial goals and how to accomplish them with the right plan – and the right partner.
Keeping Your Interests at Heart
First PREMIER Bank leverages decades of expertise to support comprehensive financial planning, investment strategy, investment management, and succession planning in the best interest of our clients and their families. We also support businesses, endowments, non-profits and more.
Financial Planning
Our wealth professionals will work with you to:
- Assess your financial situation, vision and goals
- Identify needs, risk-return threshold and opportunities
- Provide ongoing support to track and measure progress
- Construct a plan that helps you:
- Bank, borrow and invest wisely
- Maximize capital and grow wealth
- Reduce debt and manage risk
- Save for college, retirement, life events and transitions
- Plan estate succession, according to your wishes
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Putting Your Money to Work for You
Whether you desire simple investing or comprehensive financial planning and investment support, First PREMIER has access to a broad range of banking products and diversified investments and can support you with:
- Stocks and Bonds
- Mutual and Money Market Funds
- Annuities and Securities
- Savings and CDs
- Tailored Lending and Credit Lines
- Insurance
- Estate Planning
- And More
Growing & Building Wealth
We Put Your Interests First
Our investment professionals work one-on-one with you, becoming vested stewards of your success. We provide the personal service and expertise you can count on, with customized banking, credit and investment services to meet your needs.
Additional Wealth Services
"South Dakota is a wealth-friendly state. Our tax structure and our regulations make it an ideal place to establish trusts and we work hard to leverage these benefits for our clients."
- Sandy Schoenbeck, VP, Trust and Estates
Unique Benefits of a South Dakota Trust
As such, First PREMIER Bank can help you or your client access our favorable tax and trust laws! First PREMIER Bank can help our clients leverage favorable South Dakota tax and trust laws.
The impact is increased revenue for distribution to beneficiaries of irrevocable trusts with a South Dakota situs.
Most states require a trust to “terminate” at the end of a set period of time (effectively 80 to 100 years). This opens the trust to taxation, potential litigation and disagreements among beneficiaries, etc. Families with substantial wealth may want to see the trust “go on forever.” That can only happen in a state that has no rule against perpetuities - like South Dakota. Trust administration can be delegated to co-trustees and/or agents of the trustee.
Trustees may disclaim powers granted to a trustee under a trust instrument. A South Dakota trustee can “unbundle” services that the family would prefer to see performed by others, allowing tasks or services to be managed by co-trustees. Services could include investment management, custody of assets, record keeping, etc.
South Dakota Directed Trust Law permits protectors and trust advisors, and fiduciaries can be prevented from exercising certain powers that can be reserved to the grantor, a trust protector or a trust advisor.
Disclosure
Investments are | Not FDIC insured | May lose value | Not financial institution guaranteed | Not a deposit | Not insured by any federal government agency. Advisory services may only be offered by investment adviser representatives.