FAQ: Union Bank's Strategic Partnership with Osaic Affiliate Savage and Associates

What is the main purpose of the partnership between Union Bank and Savage and Associates?

The partnership aims to expand investment services across northwest and central Ohio, allowing Union Bank’s clients to access a broader range of investment solutions and personalized financial guidance through Savage and Associates’ advisor network.

Why is this partnership significant?

This partnership is significant because it combines the strengths of both organizations to provide higher-end services to clients, especially in rural and close-knit communities, and transitions approximately $127 million in assets under administration to Osaic.

How will this partnership benefit Union Bank’s clients?

Clients, including retail clients, small-business owners, and members of the agricultural community, will benefit from access to a broader range of investment solutions and personalized financial guidance.

Who are the key figures involved in this partnership?

Key figures include Brian D. Young, president and CEO of The Union Bank Co., and J.R. Toland, president and CEO of Savage and Associates.

Where will the services expanded by this partnership be available?

The expanded services will be available across northwest and central Ohio, particularly in rural and close-knit communities served by Union Bank’s 14 branches.

What are the implications of this partnership for underserved markets?

The partnership enables both organizations to deepen their reach into underserved markets while maintaining a commitment to relationship-based, values-driven service.

How does Savage and Associates support this partnership?

Savage and Associates, supported by Osaic’s technology, resources, and advisor-focused solutions, provides the advisor network and expertise necessary to expand Union Bank’s investment services.

What is the historical significance of Union Bank in this partnership?

Founded in 1904, Union Bank has almost 190 years of combined experience helping clients, with a focus on families, small businesses, and agricultural clients in rural communities.