Flagstar Bank Expands Wealth Services with New Offerings

Are you ready to rethink your approach to estate planning and wealth management? Flagstar Private Bank has recently made headlines by launching two innovative wealth-planning services: Family Advisory, Trusts, and Estate Planning, along with an expanded Insurance service. These new offerings aim to provide a more comprehensive support system for individuals looking to manage their assets effectively.

The bank has appointed Carly Doshi as the executive vice president and head of Family Advisory, Trusts, and Estate Planning. In her new role, Doshi will guide clients through the complexities of income and estate planning, wealth transfer, and even philanthropy. This is particularly beneficial for families seeking to ensure their wealth is passed down smoothly while making impactful charitable contributions.

In addition to Doshi, Irene Bowers Blumberg has been named as the Insurance executive vice president. She will oversee the expansion of the bank’s insurance product suite, offering clients tailored solutions to protect their assets. This dual focus on estate planning and insurance positions Flagstar as a one-stop shop for clients’ financial needs.

Flagstar’s move comes as part of a broader strategy to enhance its private client and wealth management capabilities. Rich Raffetto, president of commercial and private banking, emphasized the bank’s commitment to investing in its people and services. With these recent appointments and expansions, clients can expect a more relationship-centered approach to managing their wealth.

As estate planning laws continue to evolve, it’s crucial to stay informed about how these changes can impact your financial strategies. If you haven’t reviewed your estate plan recently, now may be the perfect time to consult with a professional. Consider how new services like those offered by Flagstar can enhance your wealth management approach and ensure that your family is taken care of in the long run.

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