Investment & Trust Management

Need Someone You Can Trust to Manage a Trust?

Itasca Bank & Trust's Investment and wealth management Department provides professional money management in addition to personal, professional fiduciary services. When your health or management of an illness becomes your focus, you need not be overburdened with also trying to manage your financial estate, or the financial affairs of a loved one.  Our small team of trust and investment officers can help ease such a burden by managing your portfolio, collecting and safeguarding all of your sources of income, paying bills, and planning for your overall financial health and long-term needs.  We are a corporate fiduciary meaning we adhere to the highest standards under the law and have the necessary resources, knowledge, and money management experience to ensure your lifelong wealth is managed appropriately, for your benefit, in accordance with the law. 

Sub-Services Provided

  • Professional Fiduciary Services
  • Trust Management
  • Estate Planning
  • Investment Management
  • Retirement Counseling
  • Wealth Management

Related Services


A person or entity, typically a trust officer, guardian or agent that has the legal responsibility and duty to act in your best interest. We provide critical financial services to seniors, persons with disabilities and children. 

There inevitably comes a time when your health or lifestyle dictates that you cannot or do not want to be actively handling all aspects of your financial estate.  Often an unexpected illness is the culprit.  When it isn’t illness, it is a lifestyle change that requires a different level of planning for the future.  Either way, having a corporate fiduciary lessens the burden on you and your loved ones and puts the financial work in the hands of professionals.  Only when your situation calls for it, we can step in and immediately begin handling your financial estate, including receiving all income to which you are entitled, paying your bills, managing a home or other real property, managing and safeguarding your investment and retirement accounts, and planning for your future financial needs. Often this level of work is daunting for a family member, who might also be trying to provide for your care and personal well-being. 

With the help of an estate planning attorney, you can give the authority to a person or entity to legally act on your behalf, including managing your financial estate. A trustee has a duty to carry out the wishes and instructions as set forth in a trust document and is typically chosen by you during your estate planning process. A trustee can and often does manage your financial affairs during your lifetime, when you can longer do so yourself because of illness or other unforeseen circumstance. An executor is a fiduciary who carries out your wishes as expressed in your last will and testament, and steps into this role after you have passed. A guardian is a person or entity appointed by a court of law when you have been declared unable to handle your own affairs.  This circumstance usually arises if you fail to set forth your wishes in a properly executed estate plan. An agent under a power of attorney can also handle your affairs while you are living and has a legal duty to act on your behalf and in your best interest. This situation typically arises when you have failed to set forth a complete estate plan, but you have granted someone the power to legally manage one or more of financial or medical issues through a legal document called a power of attorney. 

Contact Information

Jamie Shimer & Team