Cory is a Wealth and Investment Administrator with Indiana Trust Wealth Management. Although the company handles financial management for businesses and organizations, Cory’s main focus is on family legacies. He works with clients, sometimes as young as 16 or 17, to discuss the appropriate paths and investments to reach goals for not just them but for their future generations.
Transcript
I am Cory Spaulding, I am a Wealth and Investment Administrator with Indiana Trust Wealth Management. We work with a variety of clients across 44 states. And we invest money on behalf of our clients. We advice them on wealth transfer. We have a lot of clients who utilize trusts, to pass their money to their beneficiaries, and so we serve as trustee for those clients and work closely with their Attorney's and their CPA's to determine how best to transfer wealth to the next generation and we do that. We manage about 1.7 Billion dollars in assets for the clients that we service. Well, its really, you wanna find out if it's a good fit for you and for the client. So you wanna have a conversation with them about: What their goals are? What their needs are? What they're really looking to accomplish with the relationship. And usually they, the big concerns are: Is my money gonna last long enough? Or with a lot of our clients: How am I gonna get to that to the next generation, in the most tax efficient way possible? We spend a lot of time talking to their Attorney's and their CPA's on strategy work and making sure that the ideas that we're implementing are still the right ideas and making sure that other advisors of theirs are on the same page. We also certainly spend a lot of time, on the investment side. We spend a lot of time being aware of what is going on in the market. We are not a firm that's trying to beat the market. We think that it's, that the prudent approach is to work to track with the market. But it's still incredibly important for us to be aware of what's going on day-to-day in the economy so that our clients don't have to be aware of those things. In a normal week, I'm working 8 am - 5 pm. Monday through Friday. There are times where, we do a lot of networking within the community and so there are times where there will be evening functions that keep us away from home for an evening, and we do also travel to see our clients. I mentioned that we have clients in 44 states. I serve clients in mostly outside of Indiana, I have very few clients who live close to home. So there are times throughout the year, where we're traveling to see those clients. Typically those trips are one to two day trips. And usually, on average not more than once a month. And then we have one or two trips that are more like a week long.
Download transcript