While we focus on trust administration – especially directed and delegated trusts, special needs trusts, estate settlement and independent trustee for conflicted situations – we offer a full suite of wealth management solutions, including investment management, private banking, and retirement plan advisory services.  

 

Last year, we hired Rodney Hathaway to manage our investment team. Rodney is a CFA and has thirty years of experience managing individual and institutional portfolios. He is joined by Kelly Savatski, our senior portfolio manager, and Theresa Schultz, our investment administrator, both of whom have worked with our wealth management team for 25 years or more. This very experienced investment team allows us to provide full wealth management services to our Waukesha State Bank customer base, manage special needs trusts portfolios and handle estates and other special administration situations. 

Some investment advisers express concern that we offer investment services. We think this makes us a better trust administrator. We understand the prudent investor rule and can oversee investment management in a delegated trust situation. We understand the total return investment concept and can properly exercise discretion under the principal and income act to utilize the power to adjust or suggest unitrust conversions. We respect our relationships with outside investment advisers and do not interfere with or compete for investment management in a directed or delegated trust situation.
 
We have an open architecture for our trust services and can serve in whatever capacity your clients might need – directed, delegated or full service. Our fee structure varies on what services your clients want us to provide. If you have a trust opportunity, we would be interested to work with you to design an administration service that best meets the needs of your customers. If you know of someone who would like to learn more about our services, please contact our Director of Fiduciary Sales, Terry Doyle, at (262) 953-2435 or tdoyle@prairietrust.com in the southeast Wisconsin area, or our Madison Managing Director, Jasper Vaccaro at (608) 535-3041 or jvaccaro@prairietrust.com for opportunities outside of southeast Wisconsin.