Bank of the West 2009 Annual Report Download - page 10

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WEALTH MANAGEMENT
Our wealth management services are an integral
component of Bank of the West’s solutions for our
clients with more complex financial management
needs.
Our wealth managers understand
that building and protecting
accumulated wealth is important
to our clients; so is the personal
service provided through
a single point of contact they
know and trust. Our integrated,
advisory-based approach to
financial planning is premised
upon building relationships with
clients to fully understand their financial objectives.
We enhance their plans by developing customized,
holistic strategies to meet both short- and long-term
needs and goals. This approach results in better
coordination of financial assets and liabilities, avoidance
of unnecessary fees and a broad diversification of
assets designed to optimize clients’ specific risk and
return criteria.
By closely aligning our Private Banking and Investment
Management & Trust professionals we are able to
coordinate a full complement of financial planning
services, including asset allocation and investment
management, retirement planning, portfolio analysis,
insurance and risk management, brokerage, and
Trust services. We also provide estate planning and
specialty services such as real
estate transaction finance and
business succession planning.
Faced with the unplanned
divestiture of their long-held
Chino, California dairy farm
through eminent domain
for a nearby dam, a 40-year
Bank of the West agribusiness
customer turned to our
Wealth Management team to
effectively manage their sudden increase in liquidity.
Our teams went into action modeling efficient asset
allocation portfolios and working with the client’s
attorney and accountant to discuss specific needs
related to the eminent domain exchange and the
expedited sale of their substantial dairy assets. Soon
after the sale closed, escrow proceeds were wired
to an investment management account to be prudently
managed for income and to fund future real estate
investment purchases.
We strive to deliver
superior risk-adjusted
returns over time
through diversified
revenue streams.
8
results-oriented stewardship
The kind of bank that exercises thoughtful,