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Legacy Trust Announces New CEO and Adds Three Established Wealth Advisors

Local wealth management firm and private trust bank repositions team to further deliver an all-local, personalized client experience.

Grand Rapids, Mich., Sept. 14, 2017 – Legacy Trust, an independent private trust bank that provides trustee and wealth management services in the greater Grand Rapids area, has announced the appointment of Tracey Hornbeck as president and CEO. Hornbeck heads the organization’s 20-member team of locally-based advisors who specialize in investments and wealth management, trusts and estate planning and family financial planning.

As part of Legacy Trust’s focused growth strategy, Hornbeck recently added three new senior vice presidents who bring decades of experience in the areas of investment and wealth management. Jeffrey Dixon serves as senior portfolio manager. Kelly DeRidder, CTFA, was named senior trust officer, and Steven Doorn, CFA, has been appointed director of portfolio management.

“Delivering outstanding results for our clients and shareholders coupled with a strong culture of employee engagement, is key to our success at Legacy Trust,” said Hornbeck. “These new additions add depth and diversity, making a great team even stronger.”

Hornbeck has also restructured, elevating three senior vice presidents to the firm’s executive leadership team. The team now includes Mark Periard, JD, director of wealth management, Laina Mills, CFP, chief investment officer and Melanie VanderHoff, senior operations manager. VanderHoff has been with the firm since its founding. Mills has been with the firm since 2009, serving as senior portfolio manager the past three years before being promoted to CIO. Periard joined the firm in 2016, leading the wealth management division.

“Our new leadership team brings tremendous experience and energy that reflect the hardworking and ethical culture of West Michigan,” said Legacy Trust Board Chair Steve Heacock, who serves as senior vice president at Spectrum Health. “They’re smart, trustworthy and results-driven. Their investment decisions – made locally – are personalized and focused solely on the well-being of their clients.”

Founded by William Walker and Robert Prevette in 2004, Legacy Trust has built a reputation as an independent, unbiased, fee-based firm committed to customized client service and local decision making. “No matter the size, each and every relationship is important because our ability to help our clients establish their legacy is how we will measure ours,” said now retired co-founder Bob Prevette.

Periard sums it up this way, “All of our decisions are made within 100 feet of our desks.”

Additionally, he points to the value of working with a fee-based firm. “It’s not about how many products we sell,” says Periard. “It’s about how well our clients’ investments perform.”

VanderHoff points to the entrepreneurial culture this cultivates. “We’ve attracted a lot of people with an entrepreneurial attitude, which has helped us grow,” she says. “That culture, in turn, cultivates longevity. We want this to be a place where team members want to stay until they retire.”

Doorn agrees, saying it’s one of the features that attracted him to Legacy Trust. “We each have a voice in shaping the direction of the firm,” he explains. “We take a very entrepreneurial approach in the way we work together. In turn, we work with a lot of current and former business owners – this gives me a direct link with them.”

If you would like photos or bios of Legacy Trust team members, please contact Amy LeFebre at alefebre@truscottrossman.com or 616- 726-7800.

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 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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