Offering Financial Advocacy Services
Your institution can partner with Vigil Trust & Financial Advocacy to provide personal financial advocacy services to your clients on a private label basis. By offering these services, you will:
- Effectively leverage your status with your customers to create another source of revenue
- Enhance, rather than undermine, your credibility with your customers
- Create a growing and recurring source of fee income
- Offer a distinctive product that will more easily enable your customers to distinguish your services from those of your competition
These services are designed to be offered through your existing, higher-level new account personnel with minimal training so you can add this revenue with little associated expense.
Your institution's personnel are the primary contact with the client for these services. Yet a Vigil Financial Advocate, experienced in the direct administration of client relationships, is assigned responsibility for each client service situation. Your staff receives turn-key assistance with each case and determines both whether and when there will be direct contact between Vigil Trust & Financial Advocacy staff and your client, if any.
Trust Services
If your financial institution is providing trust services in some manner, you may wish to partner with Vigil Trust & Financial Advocacy, a fully capable corporate trustee in order to:
- If you have a trust service office arrangement:
- Provide an option as an alternative to your existing TSO services provider
- If you have established a trust department for your institution:
- Enhance profitability and increase capabilities by outsourcing your trust back office
- Provide a more competitive product by outsourcing portfolio management functions
- Expand into or enhance existing retirement plan administrative services to increase revenue from this product line
- Access experienced administrative and legal support for your trust administrative staff