Industry News

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

WILMINGTON, N.C. – Live Oak Bank, Funeral Services Inc., 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 record keeper
  • 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 nonexclusive, clients can choose to work with any or all of the partners.

Learn about the collaboration, at

Posted Feb. 3, 2017


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