Show:
Trusts
Business Loans
Banking Services
Investments
Teammate's First Job
100
This trust, funded by a life insurance policy owned by the trust, is often used to set aside cash proceeds that can be used to pay estate taxes, as the life insurance policy should be exempt from the taxable estate of the decedent.
What is an Irrevocable Life Insurance Trust? (ILIT)
100
This loan is used for short term borrowing needs, is annually renewable and can be used again after it is paid down.
What is a business line of credit?
100
This service saves you a trip to the bank by allowing you to add funds to your account with your smart phone.
What is Mobile Deposit?
100
A security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange, experiencing price changes throughout the day as they are bought and sold.
What is an exchange traded fund? (ETF)
100
Sorting asparagus at Green Giant.
Who is Jan Darrington?
200
A trust that provides income and a tax deduction to the grantor with a charity as the beneficiary.
What is a Charitable Remainder Trust? (CRT)
200
This government loan provides financing for major fixed assets such as equipment or real estate.
What is a SBA CDC/504 loan?
200
This account provides VIP benefits for qualified clients such as free ATM withdrawals, free checks, no fee, lower rate credit card, free online banking, discounted pricing on Ready Credit line of credit, discounted safe deposit box.
What is Executive or Private Banking checking?
200
When measuring performance, the actual rate of return of an investment or a pool of investments over a given evaluation period, including interest, capital gains, dividends and distributions realized over a given period of time.
What is total return?
200
Cleaning motel rooms at a nasty seedy motel.
Who is Tara Wiswall?
300
This trust provides for a disabled child’s or adult's extra and supplemental needs, other than basic food, shelter and health care expenses that may be covered by public assistance benefits that the beneficiary may be entitled to receive under various programs such as Supplemental Security Income (“SSI”) and Medicaid.
What is a Special Needs Trust? (SNT)
300
SBA’s most common loan program, includes financial help for businesses with special requirements.
What is SBA 7(a) Loan?
300
This service enables you to transfer funds between your Baker Boyer account and accounts at other banks, pay your bills, check account activity, transfer funds between Baker Boyer accounts, receive alerts on account balances, and more.
What is Online Banking?
300
An investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable "baskets" to investors for a specific period of time. It is designed to provide capital appreciation and/or dividend income.
What is a unit investment trust? (UIT)
300
Cashier and dishwasher at a bakery.
Who is Vesna Dodge?
400
A trust that covers three phases of the Trustmaker's life - while the Trustmaker is alive and well, if the Trustmaker becomes mentally incapacitated, and after the Trustmaker dies.
What is a Revocable Living Trust? (RLT)
400
The pricing on this loan is based on an agreement between two parties to exchange rates of interest. The complex agreement helps two parties manage their cash flows and interest-rate risk by arranging for them to trade a fixed rate of interest for a variable rate of interest, or vice versa. For example, Party A and Party B each take out one $100,000 loan at 5.0% interest. Party A’s interest rate is fixed, but Party B’s interest rate is variable. Party A trades its interest rate with Party B for their respective loans.
What is an interest-rate swap?
400
This service utilizes savings or a line of credit to cover account shortages.
What is Overdraft Protection?
400
A publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
What is a closed end fund?
400
Pulling rye and helping make harvest lunches.
Who is Mitch Roach?
500
This trust allows the transfer of a residence at a discounted gift tax value and passes post-transfer appreciation to kids or other beneficiaries free of gift or estate taxes while retaining use for the grantor.
What is a Qualified Personal Residence Trust? (QPRT)
500
This is a nonprofit corporation set up to contribute to the economic development of its community, working with SBA and private-sector lenders to provide financing to small businesses.
What is a Certified Development Company? (CDC)
500
Clients will often say this service sets Baker Boyer Wealth Management and Business Banking apart from other financial institutions.
What is Baker Boyer Private Banking team? (especially admin assistant for personal, high touch service)
500
This is a concept of modern portfolio theory that seeks to minimize risk for a given level of expected return, by carefully choosing the proportions of various assets.
What is Asset Allocation?
500
Breaking horses.
Who is Amanda Waltman?