Petersen Hastings, an independent wealth management firm in Eastern Washington, has joined forces with National Advisors Trust Company. The move has enabled the firm to create Petersen Hastings Private Trust, a new private-labeled trust services brand.

[blockquote quote="Our firm’s goal is to establish lifelong relationships with clients, their families and others who are important to them." source="Jeff Petersen, CEO of Petersen Hastings" align="right" max_width="300px"]

The partnership with National Advisors Trust, based in Kansas City, Mo., expands Petersen Hastings’ Trust solutions as part of the company’s approach to providing quality wealth management services to its clients. NATC’s national charter allows Petersen Hastings’ clients to have access to trust services in every state, allowing them to choose which state’s tax trust laws best suit their needs.

“With history’s largest generational wealth transfer underway, there is an increased need to provide our clients with expert trust solutions that fulfill their wishes and define and protect their legacy today and for the future,” said Jeff Petersen, CEO of Petersen Hastings.

The company’s new private label, Petersen Hastings Private Trust, enables it to provide complete trust services to clients to facilitate their wealth transfer and estate planning objectives, in addition to its wealth management services.

Petersen said marketing their own trust services offers clients the ability to work with the professionals they know and trust in all wealth-management planning situations.

“Our firm’s goal is to establish lifelong relationships with clients, their families and others who are important to them,” he said. “As a best-in-class partner, NATC provides us with comprehensive trust solutions that expand our ability to deliver expert wealth management services to our growing number of clients over multiple generations.

NATC provides trust services to wealth management firms to help bring advisors closer to their clients with stronger relationships that lead to client retention through generations of wealth transfer.

“It’s a privilege to be working with a wealth management firm like Petersen Hastings that is devoted to serving clients,” said Jim Combs, CEO of NATC. “By always putting their clients’ needs first, Petersen Hastings has built trusted and long-lasting relationships with loyal clients who choose their firm because of their absolute commitment to helping every client attain their personal goals.”

NATC partners with trusted advisors in a corporate directed trustee model where the advisor owns the client relationship and all investment activities, and NATC provides all trust administrative services.

“NATC’s CDT unbundled approach is a powerful trust model that gives clients the ability to maintain Petersen Hastings as their investment firm, while having the comfort and stability of NATC, a regulated financial institution, serve as administrative trustee,” said Matthew Petersen, a wealth advisor for Petersen Hastings.

Matthew Petersen said additional specialists can be involved if there is a need for a distribution advisor or trust protector in the management of a trust.

“NATC’s unbundled approach allows a high level of flexibility and control, and has been checks and balances than other trust models.”

Petersen Hastings was founded in Kennewick in 1962 by James T. Petersen. It is still a privately and locally owned business.

Petersen Hastings is at 8203 West Quinault Avenue, Suite 101 in Kennewick. For more information, go to www.petersenhastings.com or call (509) 735-0484.