Old National Unveils New Name for Wealth Advisory Division
Old National Bancorp has made a notable change in its wealth advisory division by renaming Old National Investments to Old National Wealth Advisors (ONWA). This rebranding reflects the extensive range of services that the division's financial professionals offer to their clients.
With a dedicated team of approximately 125 members, ONWA includes over 70 wealth advisors strategically positioned across Old National's banking centers in the Midwest and Southeast regions. These professionals are supported by LPL Financial, a well-regarded independent broker/dealer and registered investment advisor, ensuring clients receive expert guidance.
A Comprehensive Suite of Services
Old National Wealth Advisors presents an impressive array of financial services tailored to meet diverse client needs, including:
- Investment strategies and management
- Estate planning and expert advice
- Financial and retirement planning tailored to individual goals
- Guidance for college saving options
- Insurance products and recommendations
- Strategic tax planning to maximize financial outcomes
Client-Centric Approach to Wealth Management
The transition from Old National Investments to ONWA signifies a shift in focus. As Chady AlAhmar, the CEO of Old National Wealth Management, states, the name change reflects the evolving nature of the services provided. Historically, the division was intended to supplement traditional banking with investment advice. However, the firm's capabilities have expanded far beyond simple stock and bond guidance. Today, wealth management encompasses integrated services that assist clients in navigating their financial journeys at every stage of life.
Flexible Service Models to Meet Varied Needs
Old National delivers their wealth management offerings through three distinct service models designed to cater to clients' specific needs:
- Investment Strategies Team: This model is ideal for clients interested in both short- and long-term investing, saving, and financial planning. It particularly appeals to those seeking a self-service approach to online investments.
- Private Wealth Management: Tailored for clients focused on retirement planning, asset growth, and significant life events, this model provides two dedicated professionals for each client—a Wealth Advisor from Old National Wealth Advisors and a Private Banker from Old National Private Banking.
- 1834, a division of Old National Bank: This offering targets high-net-worth clients with complex financial requirements. It includes robust asset management solutions and services for businesses and nonprofits, such as investment management, philanthropic foundations, corporate trusts, and retirement plans.
Commitment to Community and Client Partnerships
Old National Bancorp, the parent company of Old National Bank and publicly traded under the ticker Nasdaq: ONB, remains a cornerstone of community support and client engagement. Serving as the sixth largest commercial bank in the Midwest, Old National has built a solid reputation, managing over $30 billion in assets under management. The bank is committed to nurturing long-term relationships throughout its operational regions.
Looking Ahead: The Future of Wealth Management at Old National
As Old National Wealth Advisors moves forward under its new name, they remain dedicated to enhancing service offerings and ensuring clients receive comprehensive financial advice. The recognition of Old National as one of "The Civic 50" underscores its commitment to community engagement and client service excellence.
For more insights into Old National's wealth management services, please contact the Investor Relations team for further information.
Frequently Asked Questions
What prompted the name change to Old National Wealth Advisors?
The renaming reflects the expanded range of services offered by the wealth advisory division, moving beyond traditional investment advice.
What services does Old National Wealth Advisors provide?
They offer investment management, estate planning, retirement planning, college savings advice, insurance options, and tax planning.
Who supports the wealth advisors at Old National?
The wealth advisors are backed by LPL Financial, an independent broker/dealer and registered investment advisor.
What are the three service models available at ONWA?
The service models include the Investment Strategies Team, Private Wealth Management, and 1834, a division for high-net-worth clients.
How does Old National support its community?
Old National focuses on building valuable partnerships with clients and has been recognized as one of the most community-minded companies in the U.S.
