Dime Bank announced today that it will begin offering current and future customers access to an expanded suite of investment advisory services through a strategic alliance with Northstar Wealth Partners, located in Old Saybrook, CT.Dime Bank to Offer Access to Expanded Investment Advisory Services through Strategic Alliance with Northstar Wealth Partners
Previously, Dime offered access to retail investment services through an internal platform but the expanding needs of its investment advisory customers led the bank to increase its capacity by aligning with Northstar. Northstar has been widely recognized for its customized financial advice, competitive product offerings and integrated account operations solutions.
As the only locally-based bank to offer Trust Services, Dime will maintain its trust department and plans to explore expanding these services.
“Dime Bank has a storied tradition of providing product and customer service solutions that continually meet or exceed the changing needs of our customers,” said Nick Caplanson, Dime Bank President and CEO. “We are excited to team up with the highly-skilled investment professionals at Northstar to provide an expanded suite of services to our customers.”
“Northstar Wealth Partners has been built by developing close and long-standing relationships,” said Theresa Donatelli, Partner, Northstar Wealth Partners. “We are pleased to announce this alliance with Dime Bank as we share the same principles, to serve our clients and our communities.”
Like the current program, Northstar utilizes an integrated platform of technology, brokerage and investment services through LPL Financial, which will allow a seamless transition of investment advisory customers to Northstar. The expected timeframe for this transition is early September.
About Dime Bank
Established in 1869, Dime Bank is a mutual bank with over $850 million in assets and 12 convenient branch locations throughout southeastern and shoreline Connecticut and Westerly, Rhode Island. As a full-service financial institution, Dime offers consumer and commercial banking, home mortgages, and trust services – all delivered with a personal touch. BauerFinancial, Inc., a national bank rating firm, recognizes Dime Bank, as one of the strongest banks in the nation. For more information about Dime Bank, visit https://dime-bank.com. Member FDIC.
About Northstar Wealth Partners
Northstar Wealth Partners is a full-service, wealth management firm located in West Hartford, Connecticut. They currently employ nine Advisors, and ten, full-time staff members, all who serve the financial needs of small business owners, senior executives, experienced professional, retirees and successful families. The firm provides retirement, investment, business succession, estate, charitable giving, and financial planning advice, strategies and product solutions to their growing clientele. All advisors are accepting new clients, and complimentary consultations are available by appointment.
