Dale Farland

Mar 04 2015

Ensure Your Retirement Journey Has Your Best Interest First

Planning Your Retirement Journey.
This is the final in a 3-part series on planning your retirement journey.

You should always feel comfortable that all investment recommendations are “in your best interest,” not simply “suitable.” Do you know the difference?

  • “Suitable” is a lower Securities and Exchange Commission (SEC) standard which simply means that the investments you are directed to may have you arrive at your destination; however, the investments can take you over several “toll roads” which cost you excess money. This is in the form of loads (sales charges) on mutual funds. Sometimes it is not immediately evident that you are even paying these expenses.
  • “In your best interest” is a higher legal standard which simply means that all investments decisions must put your interests first. Investments offered must take you to your destination with the lowest cost. There are no “toll roads” or unknown/hidden loads or expenses.

Everyone in the Hills Bank Trust and Wealth Management group is salaried. No one is on commission. So our interest in selecting an investment mix is not adversely influenced by incentives. Our investment process follows the fiduciary standards of being “in your best interest.” Plus, there is both internal and regulatory oversight. All these factors help clients of Hills Bank to have confidence that proper care is being taken in the stewardship of their life’s accumulation of financial assets.

You worked hard and saved over the years. You should feel comfortable that your investment advisor is working hard for you.

We welcome the opportunity to meet with you for a complimentary review of your goals to make sure you are on the best road for your retirement journey. We invite you to schedule a meeting with one of our experienced Trust and Wealth Management Officers by calling
1-800-899-8858 or visiting us online at www.HillsBankWealthManagement.com.

Investment products are not a deposit, not FDIC insured, not insured by any federal government agency, carry no bank guarantee, and may go down in value.

View the complete 3-Part Retirement Planning Series:

Dale Farland

About Dale Farland

Dale Farland is Vice President, Trust Officer at Hills Bank’s North Liberty Forevergreen Road location. She has been at Hills Bank since 2011 helping customers with wealth management and financial planning. Dale is a graduate of Michigan State University. She earned her MBA from the University of Michigan with a concentration in Finance. Dale is a Certified Trust and Financial Advisor (CTFA) and Accredited Estate Planner (AEP®). Dale can be reached at dale_farland@hillsbank.com.

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