PR Newswire
BUFFALO, N.Y., June 23, 2021
BUFFALO, N.Y., June 23, 2021 /PRNewswire/ -- M&T Bank announces the launch of Wilmington Advisors @ M&T, a new capability providing access to enhanced financial advisory and retail brokerage services to the bank's clients. Wilmington Advisors @ M&T offers a holistic solution to clients' needs by combining the bank's comprehensive financial expertise with industry-leading technology and back-office proficiency from LPL Financial (Nasdaq: LPLA).
The new offering will serve individuals, families and nonprofits, while leveraging the long history of investment excellence from Wilmington Trust, a member of the M&T Bank Corporation family, and M&T's 165 years of experience supporting clients and communities.
"The unprecedented events of the past 15 months have created challenges for many people, but they've also created several unique opportunities for others through technological advances," said Matt McAfee, Senior VP & Head of Affluent Markets, at M&T. "Forging this complementary relationship with LPL Financial reflects our commitment to this segment and a paradigm shift in how we serve client's planning and investment needs, delivering our advisors and their clients comprehensive benefits through LPL Financial's continual investment in its digital platforms and back-office capabilities."
Wilmington Advisors @ M&T fills a pressing need for access to customized retail brokerage and advisory services to the emerging affluent consumer segment, who are seeking to improve their lives as they emerge from the pandemic, according to recent findings in a new survey* commissioned by M&T Bank.
The survey, which included 500 consumers with more than $125,000 in household income and more than $100,000 in investable assets, found that these Americans are looking to ramp up spending on lifestyle upgrades previously on hold due to the pandemic, while increasing investments for retirement and college planning.
Clients of Wilmington Advisors @ M&T can benefit from a holistic planning process that considers a client's entire financial picture, not just his or her investments, along with an enhanced digital service and client experience driven by LPL Financial's sophisticated technology platform. By leveraging integrated workflows and customizable capabilities, advisors can increase their efficiency and gain more time to focus on what's important to their clients.
"Everyone deserves the chance to grow and preserve their wealth," said Heather Hoffman, Group Vice President & Head of M&T's Affluent Business Segment. "Through our research, we've heard this segment say that they feel overlooked and want more attention as they consider how to best allocate their hard-earned dollars to reach what matters most to them. They have a real opportunity to achieve their long-term goals if they are thoughtful about the choices they make today. We're proud to offer Wilmington Advisors @ M&T to help meet these needs in this new environment."
Additional M&T consumer survey findings include:
About Wilmington Advisors @ M&T
Wilmington Advisors @ M&T is the brand name for the brokerage and advisory capabilities that will be available through the relationship with LPL Financial and provides holistic and personalized securities, advisory and insurance services for clients with varying financial needs. LPL provides an enhanced advisor and client experience through its front-end systems, inclusive of upgraded financial planning tools, eDelivery and eSign capabilities for most account documents, and easy-to-use access statements and performance reports.
About M&T
M&T Bank Corporation ("M&T") (NYSE: MTB) is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank.
Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation.
© 2021 M&T Bank and its affiliates.
*M&T and its Wilmington Trust affiliate commissioned Engine Insights to run the 2021 U.S. Emerging Affluent Survey from May 26 – June 2, 2021. Conducted online, the survey questioned 500 investors between the ages of 35 and 55, with household income of $125K+ and investable assets of $100K+ to gain a deeper understanding of their financial situation, priorities and challenges coming out of the COVID-19 pandemic.
Investment and Insurance Products: • Are NOT Deposits • Are NOT FDIC Insured • Are NOT Insured By Any Federal Government Agency • Have NO Bank Guarantee • May Lose Value
All investments involve risks, including the possible loss of principal. There is no assurance that any investment strategy will be successful.
This material is for informational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service. This material is not designed or intended to provide financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances. If professional advice is needed, the services of your professional advisor should be sought. Note that tax, estate planning and financial strategies require consideration for suitability of the individual, business or investor, and there is no assurance that any strategy will be successful. Wilmington Trust is not authorized to and does not provide legal, accounting or tax advice.
Financial Advisors are investment advisor representatives of, and offer securities and advisory services through, LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Wilmington Advisors @ M&T is a brand name used by LPL representatives to offer securities, advisory, and insurance services and is not a separate legal entity. Registered representatives of LPL using the Wilmington Advisors @ M&T name are employees of M&T Bank. LPL and its affiliates are entities separate from, and not affiliates of, M&T Bank. Securities and insurance offered through LPL or its affiliates are:
Not Insured by FDIC | Not Bank Guaranteed | Not Bank Guaranteed | May Lose Value |
Media Contact:
Maya Dillon, Head of Communications, M&T Bank Corporation and Wilmington Trust
(646) 735-1958
[email protected]
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SOURCE M&T Bank
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