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Trust, respect, personal attention and creative solutions are the foundation of our client relationships. Read how we help Webster Private Bank clients with their financial goals.
Trust, respect, personal attention and creative solutions are the foundation of our client relationships. Read how we help Webster Private Bank clients with their financial goals.
Tailored banking solutions and support for a business transition.
The owner of a privately held business approached Webster Private Bank to discuss the potential sale of his business. He had only recently begun contemplating a sale and did not know how to begin the process.
In line with the client’s goals for the exit of his business, analyses and projections were prepared, comparing an internal sale to employees vs. an external sale to a third party which illustrated the impact of the sale, including gift and estate planning strategies and a cash flow analysis to determine the potential after tax proceeds available for the client’s retirement.
The client was assisted in assembling a team of third-party professionals (investment bankers, lawyers, accountants, valuation experts, etc.,) knowledgeable in such transactions and ultimately helped to coordinate the team supporting the sale of the client’s business.
The client has gained confidence and clarity in pursuing the sale of his business and Webster will guide client as they entertain offers to sell the business, collect the proceeds upon the sale and manages the wealth created from the sale.
Preserving liquidity while expanding investment capacity
The President of a large worldwide insurance brokerage was looking for a line of credit to personally invest in private equity opportunities. He wanted to use this line instead of his personal liquidity.
An innovative solution was proposed: using shares the client currently owned in privately held companies to secure a $15MM Line of Credit. Additionally, the client established a $4MM Investment Management Account. Finally, the Private Bank service model influenced three other members of the company’s executive team to establish relationships with Webster Private Bank. Those relationships include personal loans, deposits, and commercial real estate loans.
Aligning executive benefits with retirement goals
A C-suite executive was considering early retirement but was uncertain as to the impact on her executive benefits and whether she had accumulated sufficient funds for a secure retirement.
In consultation with the executive’s Corporate Counsel and Director of Human Resources, all corporate benefits were analyzed and summarized under two scenarios – early retirement and regular retirement. This allowed for the “cost” of retirement to be quantified prior to age 65. This data was incorporated into cash flow models – the outcome of which showed the goal of early retirement was comfortably achievable. With this peace of mind, additional analysis was provided along with guidance on several other critical topics to the client including estate planning, gifting to family members and charitable giving.
Experience a higher level of banking. Reach out to a Webster Bank Relationship Manager today.
Investment, trust, credit and banking services are offered by Webster Private Bank, a division of Webster Bank, N.A.
Investment products offered by Webster Private Bank are not FDIC or government insured; are not guaranteed by Webster Bank; may involve investment risks, including loss of principal amount invested; and are not deposits or other obligations of Webster Bank.
Webster Private Bank is not in the business of providing tax or legal advice. Consult with your independent attorney, tax consultant or other professional advisor for final recommendations and before changing or implementing any financial, tax or estate planning advice.
All credit products are subject to the normal credit approval process.
