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Trust & Financial Services

 

Financial markets gyrate; the economy swings unpredictably; politics and international relations intrude upon daily life as never before; family financial needs evolve in unexpected ways.

Because you can't know the future, you need a plan and a partner to meet it with confidence, come what may.  That plan should include Trust services, and we should be your partner for implementation.  With our professional guidance, we can bring an added measure of financial peace of mind to you and your family.

Acquiring wealth is one thing, conserving it is another.  If you are interested in learning more about the scope of our trust and financial services and would like to receive this free, full-length guide, click here.

Trust Account Online Access (PAL)

Welcome to the Trust & Financial Services Department Portfolio Account Link (PAL).  We are pleased to offer FREE 24-hour, 365-days a year online access to account information through this interface.

Trust & Financial Service clients, who have been issued a PAL User ID and password, please click here to login to your account.

If you are a current Trust & Financial Services client, but have not been issued a PAL User ID and password, please click here to print off the Trust Account Online Access application to obtain access to your account and investment information.  Once completed, please send in as follows to gain access to your secure account information.

  • Fax:  906.482.0629
  • Mail:  PO Box 450, Hancock, MI 49930
  • Drop-off:  235 Quincy Street, Hancock, MI 49930

Online Access to Account and Investment Information:

Through PAL, you have instant access and detailed reports for all of your trust accounts.

Features:

  • Account summaries and transaction activity
  • Investment detail
  • Tax lot listing
  • Online statement availability
  • Strong password protection with dual-factor authentication

We are committed to ensuring the security and confidentiality of your financial information.  Should you experience any issues logging into PAL, please call the Trust & Financial Services Department at 906.482.0404. 

Helpful Links:

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Investment Management

Our professional Trust & Financial Service Officers will work with you to identify your financial needs and develop an investment strategy suited for you, taking into consideration your age, risk tolerance and goals.

Investment Solutions:

Our experienced investment officers can provide financial expertise for your personal or business needs that are tailored to meet specific goals and objectives.

  • Personal
    • Building a portfolio
    • Managing assets and investments
    • Retirement planning
    • Rollovers
    • Estate planning and administration
  • Corporate & Municipal
    • Short-term cash management to perpetual investing
    • Develop and maintain investment policies
    • Work closely with boards and committees
  • Small Business Solutions
    • Start-up pension plans and employee education
    • SEP IRA, Simple IRA

Helpful Links:

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Trust & Estate Administration

Let Superior National Bank’s Trust & Financial Services Department be your prudent administrator for both Trust and Estate settlement.

Trust Administration:

Acting as your agent to care for daily administrative tasks as needed.

  • Pay bills
  • Provide detailed financial accountings
  • Manage real estate and payment of property taxes
  • Work closely with CPAs and attorneys

Trustee Services:

Providing you a tailored solution to carry out the terms of your trust with integrity and confidentiality.

  • Serve as and work with the Trustee and/or Successor Trustee, as designated
  • Custody services
  • Trust accounting
  • Tax review and filing
  • Record keeping services
  • Investment management
  • Asset distribution

Estate Administration:

Serving as personal representative or executor when a person passes away requires competence and sensitivity.  We are your estate solution in carrying out the deceased final wishes.

  • Collect and secure assets
  • Communicate with and distribute assets to beneficiaries
  • Pay debts, expenses and taxes
  • File tax returns

Helpful Links:

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IRAs and Rollovers

Traditional IRAs and Rollovers:

Self Directed IRA

  • Contributions may be deductible
  • Full array of investment options
    • stocks
    • bonds
    • certificates of deposit
    • precious metals
  • 2014 contribution limit: up to $5,500 ($6,500 for those aged 50 and older)
  • Tax deferred growth

Roth IRA:

Self Directed IRA

  • Contributions are made on a nondeductible basis, but withdrawals are tax free with certain limitations
  • Full array of investment options
    • stocks
    • bonds
    • certificates of deposit
    • precious metals
  • 2014 contribution limit: up to $5,500 ($6,500 for those aged 50 and older)
  • No minimum distribution rules

Helpful Links:

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Retirement Plan Services

Cost effective retirement plan options for the large and small business owner.

Simple IRA - Savings Investment Match Plan for Employees:

A SIMPLE IRA makes it easier for self-employed individuals and small businesses to offer tax-advantaged retirement plans. 

  • Available to businesses with 100 or fewer employees
  • Employer contributions may be deductible
  • No plan document required
  • No annual reports to the IRS
  • Immediate vesting
  • 2014 employee contribution limit:  $12,000 plus catch-up contributions (up to $2,500 for those aged 50 and older)
    • Contributions
      • salary reduction contributions
      • employer contributions
        • matching contributions
        • non-elective contributions

SEP IRA - Simplified Employee Pension Plan:

A SEP IRA helps self-employed individuals and small-business owners get access to a tax-deferred benefit when saving for retirement.  

  • Employer may be able to deduct up to 25% of each employee's compensation
  • No plan document required
  • No annual reports to the IRS
  • Immediate vesting
  • Open to employer contributions only
  • 2014 contribution:  up to 25% of compensation or a maximum of $52,000

Individual 401(k):

Also know as the Solo 401(k), a Self Employed 401(k) is a qualified retirement plan that was designed specifically for employers with no full-time employees other than the business owner(s) and their spouse(s).

  • May require reporting and disclosure documents
  • IRS maximum contribution allows salary deferrals up to $17,500 for 2014 plus catch up contributions (up to $5,500 for those aged 50 and older)
  • 2014 profit sharing contribution limit:  up to 25% of compensation with the annual maximum of $52,000, not including catch up contributions

Helpful Links:

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Brokerage Services

Providing the products you need to achieve your financial goals.  Enjoy the best of both worlds, a high-powered industry-leading brokerage, Cetera Investment Services LLC, partnered with local, personal service through the Trust & Financial Services of Superior National Bank.

Offering a wide variety of products and services:

  • Mutual funds
  • Stocks
  • Bonds
  • Money market funds
  • Tax-advantaged investments
  • Self-directed traditional and Roth IRAs
  • 401(k) and retirement plan rollovers
  • SIMPLE, SEP, 403B retirement plans
  • 529 College Savings Plans and Coverdell Education Savings accounts
  • Tax-deferred fixed and variable annuities
  • Life insurance policies and analysis

Helpful Links

  • Contact an Investment Professional
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Disclosure:

Brokerage services include securities, insurance products and advisory services provided by Cetera Investment Services LLC, Member FINRA / SIPC.  Cetera is not affiliated with Superior National Bank & Trust Company (SNB) or its related companies.

Investment and brokerage products are not FDIC insured, may lose value, and have no bank guarantee. Securities offered are not deposits or obligations of, insured or guaranteed by SNB, are not insured by the FDIC or any agency of the United States and involve investment risk including possible loss of value.

Financial Professionals are registered to conduct securities business and licensed to conduct business in limited states.  Response to, or contact with residents of other states will only be made upon compliance with applicable licensing and registration requirements.  The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.

View Cetera Investment Services Privacy Policy and other important information.