In News

For Immediate Release

Contact: Bill Walker
Legacy Trust, 616.454.2852
or
Mary Ann Sabo
Sabo Public Relations, 616.485.1432

Legacy Trust Celebrates 10th Anniversary

Grand Rapids, Michigan, January 28, 2014 – A decade ago on Feb. 4, the New England Patriots had just won the Super Bowl, two new elements were added to the periodic table and a little company called Facebook got its cyber start.

Closer to home, Legacy Trust opened its doors as one of West Michigan’s only chartered banks focused on providing investment and wealth management services to individuals, families, foundations and non-profits. Led by William Walker, the firm set itself apart from its competitors from the outset by offering highly personalized financial solutions tailored to meet the unique family situation of each client and exceptionally responsive client service.

A decade later, Legacy Trust is celebrating its 10th anniversary with a yearlong series of special events, client gatherings and volunteer activities. The celebration begins with a team-building event for the 15-person Legacy Trust team on Feb. 4 and wraps up this fall with several events that are currently in the planning stages.

In keeping with its commitment to giving back to the community, Legacy Trust has pledged to volunteer at least 150 hours over the course of the year. The first of those will be on Feb. 5 when 10 team members plan to pack sack suppers at Kids’ Food Basket.

The company is also relaunching its website on Tuesday. Built with responsive design, the new site automatically adjusts its presentation to the user’s browser, whether on a smartphone, tablet or laptop. Legacy Trust is also launching a blog to showcase its community involvement, company news and perspective on market trends, investments and estate planning.

“I am extremely proud of all that Legacy Trust has accomplished over the past decade,” Walker said. “When we launched the company on Feb. 4, 2004, our goal was to provide unparalleled wealth management and financial advice in the region delivered with a true focus on the needs of the individual or family. This recipe has resonated with our clients, who not only have remained with us on this journey, but have fueled our continued growth by referring their friends and colleagues.

“I credit the Legacy Trust team for believing in this vision and supporting it with their hard work and dedication. They are second to none.”

Legacy Trust milestones reached over the past decade include:

  • Crossing the $500 million mark of assets under management
  • Expanding geographically by adding new clients throughout West Michigan
  • Strengthening the 11-member board through the recruitment of seasoned business professionals
  • Growing the team through the additions of experienced investment advisors and specialized support staff
  • Launching a Family Office division, securing one of West Michigan’s leading families as an anchor client and providing highly customized wealth management, charitable giving and other services
  • Investing in technology to ensure clients have safe, secure access 24-7 to their investment portfolios
  • Giving back to the community through the support of non-profit organizations, including the Grand Rapids Symphony, Kids Food Basket, Ronald McDonald House of West Michigan, Gilda’s Club and Family Promise
  • Establishing the Legacy Trust Award Collection, a competition now in its fifth year and open to adult artists with disabilities that enables them to enter ArtPrize

“As we said in our 2012 Annual Report, we have an extremely bright future ahead,” Walker said. “We see tremendous opportunity in our core market and other areas for continued profitable growth. While we are planning this year’s anniversary celebration, we are already looking forward to the next 10 years – and beyond.”

About Legacy Trust
Legacy Trust is an independent, locally owned, Michigan-chartered bank that specializes in providing investment and wealth management services to individuals, families, foundations and non-profits in West Michigan. Legacy Trust delivers highly customized financial and investment solutions tailored to meet the unique situation of each client. For more information, visit us at www.legacygr.com.

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Legacy Trust and Your Right to Financial Privacy

At Legacy Trust we have established policies and practices that respect the financial privacy of all individuals who use our trust company. We believe it is critical to comply with the laws and regulations designed to secure your financial privacy. Your relationship with us as our client is very important to us, and we want you to understand our policies and practices about handling your information.

This Policy applies to you – This Policy applies to our relationships with individual clients who inquire about or obtain products or services from us for personal, family and household purposes.

Strict security measures – We take the security of information very seriously. We have established security standards and procedures to prevent access to client information. We maintain physical, electronic and procedural safeguards to guard client information.

Limited employee access – We have established procedures to limit employee access to information to only those employees with a business reason for accessing such information. We educate our employees about the importance of confidentiality and client privacy. We take appropriate disciplinary measures to enforce employee responsibilities regarding client information.

Why we collect information – We collect information about you to:

  • accurately identify you;
  • protect and administer your records, accounts and funds;
  • help us design or improve our products and services;
  • understand your financial needs;
  • save you time when you apply for new products and services; offer you quality products and services; and comply with certain laws and regulations;

We collect information – We collect and maintain your personal information so that we can provide investment management and other services to you. The types and categories of information that we collect and maintain about you include:

  • Information we receive from you to open an account or provide investment advice or other services to you (such as your home address, social security number, telephone, financial information and investment objectives).
  • Information that we generate to service your account or from our transactions with you (such as account statements and other financial information).
  • Information on your transactions with nonaffiliated third parties.

We have established procedures so that the financial information we collect is accurate, current and complete. We are committed to work with you to promptly correct any inaccurate information.

Our selective sharing of information – In order for us to provide investment management and other services to you, we do disclose your personal information in very limited instances, which include:

  • Disclosures to nonaffiliated companies as permitted by law, including those who help us service your account (such as providing account information to brokers and custodians).
  • Other limited disclosures as permitted by law, for example, required reports to government entities.

We do not share your information with third parties for marketing purposes. We do not sell your information.

Former clients – If you end your relationship with us, we will continue to adhere to the privacy policies and practices described in this notice.

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USA PATRIOT Act

Important Information About Procedures For Opening A New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

We apologize for any inconvenience this may cause; however, federal law prohibits us from waiving these requirements.

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