“The idea that private banking is only for the ultra-wealthy is a common misunderstanding,” said Sierra Eberle, vice president and private banking manager with Arvest Bank – Central Oklahoma. “Today, as more hardworking professionals build wealth, they’re discovering that a private banker is now accessible to them to support their growing financial picture.” While the exact qualifying amount differs by each financial institution and region, those who have turned to private banking find a more personal level of service compared to traditional banking. If you’ve ever wondered if you could benefit from a private banker, here are some things Eberle says you should ask yourself.
Does your financial situation require you to work with multiple points of contact?
If you’re constantly having to connect with different individuals to assist with a variety of financial matters, both personal and professional, private bankers can simplify the process by serving as a single point of contact to help with any question or need. Eberle works with a team of experts to help make all her clients’ banking and wealth management accounts work together to meet their unique goals. This approach encompasses a diverse range of products and services tailored to both personal and business needs, including checking and savings accounts, loans and lines of credit, investment management, estate planning, and other financial solutions.
Do you struggle to manage the complexity of your finances?
“Our clients are experts in their fields and often don’t have the time, knowledge or desire to manage all of their various financial aspects,” Eberle said. This can be especially true for small business owners and physicians whose passion and knowledge are evident, but who may need help managing business finances to achieve success. A trusted private banker can provide proactive guidance to manage the day-to-day business and help them expand operations when the time is right. to-day business and help them expand operations when the time is right.
What are you planning for in the next stage of life?
Whether you’re early in your career, ready to launch a small business or planning for retirement, a private banker can help with your short- and long-term goals. Are you a physician ready to buy a home? Physician home loans can help new residents settle into the community with flexible underwriting guidelines. Starting a business? Private bankers can help efficiently run the business end. Need a plan for retirement? Your private banker can collaborate with a financial advisor to help create a retirement plan. “Private bankers don’t just manage money,” Eberle said. “We see ourselves as partners in life’s big decisions, providing tailored solutions that fit their unique journey. Our goal is to handle the financial complexities so they can focus on what they do best.”
Are you unsure about your legacy options?
Successful professionals work hard to earn what they have, so it’s understandable that they would want to ensure their estate is fully safeguarded. “The role of a private banker is to understand all aspects of your financial situation and build a team of advisors to help design a plan that suits your needs as they change over time,” Eberle said. This could include business succession plans for retirement, disability or death, as well as insurance plans that provide peace of mind for your family or business. Time is our most valuable asset. Managing an increasingly complex financial life shouldn’t cost us more of it. If you’re ready to trade financial stress for streamlined expertise, it’s time to see how a dedicated private banker can help simplify your busy life while helping you reach your financial goals.
To learn more about Arvest private banking services, visit arvest.com/privatebanking to find a private banker near you.
