Financial Services Firm Serving St. Louis County Offers Holistic Planning-Centered Investment Approach
The Worley Banks Group, a financial services firm, is launching an independent Registered Investment Advisor (RIA) and moving its headquarters to a new location in Creve Coeur, Mo. As a fee-only RIA, the firm is strengthening its commitment to independent advice and the fiduciary standard to act in the best interest of its clients. The Worley Banks Group will also be able to provide more responsive, top-notch service by implementing technology efficiencies.
Founded in 2002, the firm’s advisors work with families to build holistic financial plans that focus on income distribution and principal protection. In addition, the Worley Banks team also specializes in helping Missouri educators analyze their retirement options and make informed decisions for their pension plans.
“This move is ‘independence day’ for our clients. When Tim and I started nearly 20 years ago, we simply wanted to help people make sound financial decisions. It was our goal to be a personal CFO to our clients by guiding them through all areas of their financial life,” said Dave Worley, partner. “Launching as a fee-only RIA enables us to deliver the services that are best for our clients. Those who are retired or nearing retirement deserve independent advice from a fiduciary when planning their financial future.”
The Worley Banks Group is led by co-founders Dave Worley and Timothy Banks. Worley, a teacher who retired from the Public School Retirement System of Missouri (PSRS), focuses his practice on pension analysis and complementary strategies for Missouri educators. Banks has spent the last two decades helping families at retirement build comprehensive financial plans around their goals and concerns.
“My goal and passion is to help families within five years of retirement or already retired to build a holistic financial plan, based on income and asset preservation,” said Timothy Banks, partner. “When people are nearing retirement, it’s important to bring families together and collaborate to change their financial strategy. With a solid plan, clients can turn their investments into income and protect their principal for future generations. As an independent, fee-only firm, our clients can be assured that our advice is transparent with no hidden fees and no bias due to conflicts of interest to sell a certain product line or offering. Bottom line, we are looking out for our client’s best interests.”
The firm’s team brings a combined 60 years of experience and includes the Certified Financial Planner (CFP®) designation.
The Worley Banks Group has strategic relationships with TDAmeritrade®, the custodian for their clients’ investment assets, and Alpha Capital, who builds and manages their portfolios.
About The Worley Banks Group
The Worley Banks Group is a holistic fee-only financial planning firm that guides families near or at retirement in all financial aspects of their lives. The firm provides investment, retirement, pension, estate, tax, insurance and risk management planning. The firm also specializes in helping Missouri educators with their pension plans. Founded in 2002, The Worley Banks Group is headquartered in St. Louis, Mo. For more information, please call (314) 530-2700 or visit https://worleybanks.com/.
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