Due to the winter storm moving through the Dakota’s and Minnesota many Dacotah Bank locations are closing early. Please call ahead to your local bank before heading out. Stay safe and warm!
Personal Investment and Wealth Management
Plan for the future, build your net worth, protect your family or secure your legacy. We are here to help people manage their money toward their goals. We are here to help people create plans for a legacy they can live with. We are here to help people manage farms for optimal peace of mind and market value. Whether you have a small question, some big ideas or you want an in depth review of what you have, please visit with us. Stop by or call your local Dacotah Bank location or contact us at your convenience.
Investment and Wealth Management
Accumulation, growth, protection or legacy planning; whatever phase you are in we are here for you! Call, click, or come in to visit with your local Dacotah Bank Wealth Advisor or Contact Us.
That is where we come in. We help you create a plan draft and then let you say “what if we…?”
We then model potential outcomes that let you make important choices. We will work with you to understand all your assets and retirement plans; how they work together and how they work toward your goals living in retirement.
You may have an idea what you would like to do but you just don’t know how it would affect your plans for yourself and your heirs. We can help model scenarios to help you decide what planning tools are right for you.
For many years, a significant portion of our total discretionary assets under management at Dacotah Bank have been comprised of relationships with charitable and non-profit organizations including colleges, universities, hospitals, private foundations, and other various charitable organizations.
Currently, not-for-profit assets under management are about a third of our discretionary assets.
It’s good to know professional management of financial affairs and medical recordkeeping, often called Elder Care, is just a phone call away.
Investment asset management – statements are summarized to report status of income and expenses
Health care – we pay medical bills, process Medicare and insurance claims, and coordinate home health care
Tax return assistance – we collect information for your tax preparer
Estate coordination and settlement – we make sure wills are current; funeral arrangement are made; final expenses are paid; and assets are distributed
Bill paying service – we pay bills and other expenses on your behalf
Estate and Trust Services
We work with you and your advisors offering strategies to minimize estate, generation-skipping, and income taxes. We will sit down and help you understand the different options and roles involved in shaping a legacy you can live with.
You may have an idea what you would like to do – you just don’t know how it would affect your plans for yourself and your heirs. We can help model scenarios to help you decide what planning tools are right for you.
A third-party trustee can serve your family without bias or emotion. Talk with us, your attorney, your accountant, or your financial advisor and discuss the benefits of having a Trustee involved in executing your plan.
We can reduce disharmony among family members when a loved one passes away. Estate Settlement is an important service that manages payment of all final expenses and a smooth transition of assets to beneficiaries.