Southern Indiana Business Report
EVANSVILLE – Old National Bancorp has renamed its wealth advisory division. Old National Investments, will now be known as Old National Wealth Advisors to better reflect the breadth of services its financial professionals provide, according to a press release.
Old National Wealth Advisors boasts around 125 team members, including more than 70 wealth advisors that are primarily located at Old National offices in the Midwest and Southeast. The professionals at Old National Wealth Advisors are backed by LPL Financial, a leading independent broker/dealer and registered investment advisor.
Its slate of services includes:
- Investment strategies and management
- Estate planning and advice
- Financial and retirement planning
- College saving options and advice
- Insurance options and guidance
- Tax planning and strategies
“When Old National Investments first debuted in the early 1990s, the intent was to complement our traditional banking services with a resource that provides investment advice and strategies,” said Chady AlAhmar, CEO, Old National Wealth Management. “However, they have outgrown the Investments name as these advisors provide robust financial services that stretch far beyond stocks and bonds. This name change is simple but effective in illustrating that the professionals at Old National Wealth Advisors provide integrated services and holistic advice that help clients manage their wealth at each stage of life.”
Old National delivers its wealth management services and advice through one of three service models based on the client’s needs. Two of those service models are backed by ONWA.
The Investment Strategies Team of ONWA: Designed for clients focused on short- and/or long-term investing, saving, and planning for their financial future; or for clients who desire a self-service approach to online investing.
Private Wealth Management through ONWA: Designed for clients who are planning for retirement, growing assets and/or planning for other major life events. Within Private Wealth Management, the client has two dedicated resources: a Wealth Advisor from Old National Wealth Advisors,2 and a Private Banker from Old National Private Banking.3
1834, a division of Old National Bank: Designed for higher-net-worth clients with diverse and complex financial priorities; those with a need for robust asset management who are focused on preserving and building wealth. 1834 also provides institutional services for businesses and nonprofit organizations, including investment management, philanthropy and endowment services, corporate trust services and retirement plan services.
For additional information on Old National’s wealth management service models, visit oldnational.com/wealth.