Live Oak Bank, Funeral Services, Inc., The Roosevelt Investment Group, Inc., and Broad and Cassel LLP form a Trust Services Collaboration 

WILMINGTON, NC – February 2, 2017 – Live Oak Bank, Funeral Services, Inc. (FSI), The Roosevelt Investment Group, Inc. and Broad and Cassel LLP are proud to offer funeral home and cemetery owners a best-in-class, turnkey trust solution. This collaboration is the first of its kind in the death care industry, which brings together the strengths of a trustee, recordkeeper, investment manager and attorney.

Each of these companies have experience in the death care industry and saw the convenience and expertise they could offer funeral home and cemetery owners, providing every service needed for successful trust management. The roles of each partner are listed below:

  • Live Oak Bank: The Trustee
  • FSI: The Trust Administrator and Recordkeeper
  • Roosevelt Investment Group, Inc.: The Investment Manager
  • Broad and Cassel LLP: The Attorney

“We’re excited to partner with other experienced funeral and cemetery trust providers to offer funeral
professionals a tailored solution,” stated Steve Jackson, CEO of Live Oak Bank Trust Services.

“When the partners began discussing this collaboration, we were all shocked a service like this did not already exist for the businesses we serve,” said Bill Williams, president and CEO of Funeral Services, Inc. “FSI is proud to be part of such an innovative and powerful trust solution with industry leaders we greatly respect.”

“We believe clients are looking for a comprehensive, streamlined experience, and we look forward to meeting their needs through this collaboration of experienced partners,” said Corie Gabriel, Director of the Private Client Group at Roosevelt Investments.

“This collaboration is groundbreaking and leverages the expertise of key leaders in the death care industry,” said Wendy Russell Wiener, partner with Broad and Cassel. “Our firms have natural synergies, and this partnership will help funeral home and cemetery owners navigate through the complex waters, and often tough regulatory environment, of trust management. Ultimately, our clients will be able to remain focused on caring for families and their loved ones – and not the day-to-day management of this multifaceted service.”

Each partner understands the goals and regulations specific to trust accounts, thus providing clients ease of mind. With streamlined communication across the four companies, clients save time by not having to coordinate interaction between their trustee, recordkeeper, investment manager and attorney. Since this partnership is non-exclusive, clients can choose to work with any or all of the partners.

Learn about the collaboration, at go.liveoakbank.com/trust-partnership

About Live Oak Bank
Live Oak Bank was founded to provide small business loans to professionals across the country and later expanded to provide trust services with a singular focus on funeral home and cemetery clients. Our dedicated team of trust professionals ensures clients’ accounts are in compliance with all statutes and regulations. To learn more about Live Oak Bank, please visit liveoakbank.com/trust.

About Funeral Service, Inc.
Funeral Services, Inc. (FSI) is a trust administration and recordkeeping company created by death care professionals, for death care professionals. With nearly 40 years of industry experience, FSI provides world-class management and recordkeeping services to more than 500 active funeral homes, cemeteries, industry associations and trustees located in more than 19 states. For more information on Funeral Services, Inc. please visit fsitrust.com.

About Roosevelt Investments
Roosevelt Investments’ industry knowledge, investment experience, and risk-oriented approach have enabled the firm to provide investment management solutions for funeral homes and cemeteries for over 30 years. As a privately held, unaffiliated boutique investment manager in Midtown Manhattan, the firm traces its roots back to 1971, when P. James Roosevelt, a cousin of former President Theodore Roosevelt, founded an investment advisory firm. To learn more about Roosevelt Investments, please visit www.rooseveltinvestments.com/death-care

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