New York, NY, September 25, 2009 --(PR.com
)-- Institutional Wealth Alliance (IWA) announced today its official launch into the financial services industry with a primary focus on servicing high net worth clients of State and Community Banks through a turn-key non deposit initiative.
IWA brings together the diversified talents of three principal experts combining over 50 years of national and international banking, compliance, insurance, securities, corporate and estate planning, knowledge and experience. This strategic alliance brings to fruition a one-of-a-kind resource for State and Community Banks to level the playing field with their national counterparts, enabling a truly competitive environment.
The turbulent economic crisis has affected the core of society, from Wall Street firms to domestic automakers, from State and Community Banks to the general public; no one is immune to these challenges. “The reality of the present economy has shifted from accumulation to preservation”, stated the managing partner of the IWA Brokerage Division.
Through the IWA established network of industry leaders, providers and professionals with a proven track record of expertise in all phases of the insurance and financial services industries, the firm delivers mission critical solutions. “IWA will collaboratively identify, address and correct through implementation, strategic solutions advancing the mission of each financial institution, while satisfying the presently unmet needs of their valued clientele”, asserted the managing partner of the IWA Banking Division.
A financial institution’s desire to compete can be stifled by burdensome compliance, daunting implementation and a prohibitive expense yielding a reward that is less than impressive to the institutional stakeholders.
“There is a fine balance between the institution’s ability to commit to the production required to attract the real professionals necessary to succeed, while at the same time driving enough revenue to the bottom line to justify the expense”, so states the IWA Director of Insurance Services.
IWA delivers a managed, turn-key and compliant solution for private wealth management, comprehensive commercial solutions, trust, insurance and estate planning services. A seamless solution supported by the largest most trusted industry leaders.
IWA is proud to be a member of the American Bankers Association, Independent Community Bankers of America, Nevada Bankers Association and New Mexico Bankers Association, bringing member banks and cutting-edge industry leaders together.
This new approach provides banks and customers needs based, rather than product driven solutions. By implementing this program banks will increase customer loyalty and revenue. “With no cost of implementation, can a bank really afford not to compete? “queried the IWA CEO. He continued, “We know our business, and unlike traditional programs we understand banks”.
Media Contact Information:
Institutional Wealth Alliance
Melissa J. Lawhorn