At UMB Private Wealth Management, a focus on the client’s story is priority.
The financial institution’s advisors understand that each client is different, so a “one size fits all” approach doesn’t work for everyone. UMB’s wealth advisors take the time to get to know their clients and understand what’s important to them both financially and for the rest of their lives.
Christopher Schroeder, senior vice president and senior wealth advisor, says there are three key things to keep in mind when choosing a financial planner. The first of these is experience. In trusting someone to help manage finances, Schroeder says, you want someone who can navigate the process. Throughout the process, the advisor should uncover specific issues and goals for the client and come up with strategies to achieve the goals.
“UMB addresses this approach with our understanding that every client has a story, and we make that our focus,” Schroeder says.
The second criterion an advisor should satisfy is knowledge.
“Financial planning is more than just investments,” Schroeder says. “A financial planner needs to be able to understand the other important things in clients’ lives, like the family dynamic, retirement objectives and charitable planning.”
A financial planner should also have the resources to help his or her client accomplish goals. At UMB, Schroeder says, the advisors work with a team of experts to ensure that clients have everything they need to accomplish their goals. He says they look at how often a plan will need to be updated and reviewed, knowing that financial planning is a fluid process.
The UMB private wealth management team in St. Louis lives, works and volunteers in the greater St. Louis area. Schroeder says that their clients are working with individuals who have many years of experience in their area.
“They truly enjoy the work they do in helping clients execute their goals,” he says. “Our team is able to deliver a comprehensive plan that is focused on their story.”
UMB provides comprehensive banking solutions through more than 100 banking centers in eight states. In the private wealth management sector, Schroeder says they’re able to partner with people across the bank as a whole.
“We’re fortunate to get to know people in different lines of the business,” he says. “These are folks that provide services right here in our community. And that’s what makes it fun to come in to work every day.”
UMB Private Wealth Management, 314-612-8048, umb.com/privatewealth