Wealth management services go beyond basic investment advice; it provides a holistic approach to a client’s financial life. Instead of integrating advice and products from a variety of financial professionals, a wealth investment manager coordinates all financial services and provides an appropriate strategy based on the client’s current and future financial needs.
At tnConnect Credit Union, our wealth management services encompass three main areas: IRAs & Certificates, Investment Services, and Financial Wellness. Here’s an overview of each of the areas:
IRAs & Certificates
Enjoy higher dividends while saving for your retirement years by choosing an IRA or Certificate. Our IRA Accumulation Account or IRA Certificate (available in both Traditional and Roth IRA) are offered as an accumulation account or 30-month certificate. To open an IRA Certificate a $1,000 minimum balance is required; for an IRA accumulation account, only $25 is needed to open an account. Our certificates are available in increments anywhere from three months to a four-year term with a fixed dividend rate, which varies according to the certificate term.
If you’re saving for college, tnConnect offers Coverdell Education Savings Accounts. A minimum balance of just $25 is needed to open this account. Annual contributions to each educational fund are limited to $2,000.
Your tnConnect representative can provide the current rates, terms, and conditions for all our IRAs and Certificate products. All of our IRA accounts are insured up to $250,000 with National Credit Union Administration (NCUA).
Investment Services
tnConnect is proud to partner with Raymond James Financial Services to provide comprehensive financial planning services to our members. These services include but are not limited to retirement planning, estate planning, college savings plans, life insurance, IRAs, and tax reduction strategies. We choose Raymond James because it is one of the largest independent financial firms in the United States which offers a plethora of financial resources and quality insurance products to help our clients enhance their financial well-being. Since tnConnect utilizes an independent firm, our advisors are not limited to any funds or products; they are able to provide educated financial guidance in our clients best interest
Greenpath Financial Wellness
Through our partnership with GreenPath Financial Wellness, tnConnect offers services to improve our clients’ financial health including one-on-one counseling, debt management, and educational tools. From creating a proactive savings plan and manageable repayment options to eliminating debt and financial stress, the GreenPath experts can provide coaching, financial tools, and outline a personalized plan to get you on the right path to financial wellness.
These services are provided at no cost to all of our members.
tnConnect Credit Union offers a full range of financial products, from everyday savings, checking, and loans to retirement and pet savings accounts. We are committed to helping you meet your financial needs today and reach your goals for tomorrow. Connect with us today by stopping by one of our convenient branches or calling Member Services at 865-688-2424.
Sources:
https://www.tnccu.com/wealth-management/
https://www.tnccu.com/deposits/investments/