Jacqueline A. Runnberg, CFP®, First Vice President/Wealth Advisor 
When it takes a lifetime to build a legacy, it’s only natural to want it to last for generations, along with the advisor you entrust with it. What many people don’t realize about Old Second Bank is that we are that advisor. Not only are we the largest provider of personal fiduciary, investment management, wealth management, and trust and custody services in the western suburbs, we were also the first. We are literally second to none, having been in the trust business since 1919. In fact, we currently have $1.16 billion in assets under management for our clients (as of 12/31/2017).
Expertise You Can Trust Close to Home
For nearly a century, Old Second has consistently delivered wealth management solutions to the families that formed the communities we all now call home. While we’ve consistently provided a full range of highly personalized solutions, many of our competitors in this area have exited the business over the decades. Many others consolidated into larger banks and, in the process, shifted their services to central locations outside our area. Meanwhile, at Old Second we have continued to pursue our strategy of providing personalized, well-informed and comprehensive wealth management services close to home.
Our wealth managers and investment professionals average more than 20 years of trust and investment experience. We have the depth and breadth of knowledge to provide all the wealth management solutions and services you need while maintaining the balance of personalized services you expect from a bank in your community.
A Common Sense Approach
When it comes to wealth management, it’s a matter of trust, and you can trust us to take a common sense approach that rests on a comprehensive process for delivering services. These services include:
- Using a financial planning-based approach, we Identify your specific life goals and financial objectives and assessing your current circumstances.
- Communicating with you every step of the way and listening to what you have to say rather than talking at you.
- Involving you, your family members, your beneficiaries and your other financial professionals when appropriate and according to your wishes.
- Investing the time to build a lasting relationship with you and each generation of your family.
Sound Advice
With a seasoned staff of professional wealth managers, we provide advice regardless of where you are in your financial life—from young families just starting to build wealth to those who are planning for their wealth’s transition. Our distinct and comprehensive approach brings a team of credentialed specialists together to provide advanced financial planning, investment and money management, tax planning, estate planning and administration, charitable giving and wealth transfer. Over the decades, individuals and families like yours have placed their trust in our consistently sound advice as they’ve built and shaped their legacies.
Whether you’re in the early stages of building wealth or looking to preserve the wealth you have, visit us here or, better yet, give us a call at 630-966-2462 so we can start proving to you that we truly are second to none.
Early this morning, the Senate passed a $1.3 trillion spending bill that would fund the government until September 30th, putting an end to the fuss about a potential government shutdown. The bill includes an increase in defense spending of $80 billion, domestic spending of $63 billion, $1.6 billion to fund a border wall with Mexico, and $100 million for research and testing of autonomous cars. Before President Trump signed the bill, he threatened to veto it citing lack of funding for the border wall with Mexico and no consideration for undocumented immigrants.
CNBC Commentator Larry Kudlow has accepted the role of Chief Economic Advisor to President Trump after the departure of Gary Cohn amidst conflicting opinions on steel and aluminum tariffs. Larry Kudlow will first be tasked with negotiating the issue on tariffs while being particularly tough on China and he stated on Wednesday, “China can expect the U.S. to take a tough stance when it comes to international trade.” Larry Kudlow has been known to dislike tariffs and disagree with the President on this issue, however, after learning of the Canada and Mexico exemptions he has softened his view stating “I must say as somebody who doesn’t like tariffs, I think that China has earned a tough response not only from the United States.”
North Korean leader Kim Jong-un has invited President Trump to meet and discuss denuclearization on the heels of some of the toughest sanctions placed on North Korea by the United States. Kim Jong-un stated that North Korea would suspend missile tests while talks are ongoing. President Trump responded by saying he would meet by May and the time and place of the meeting is to be determined.
President Trump stated on Thursday that the U.S. will impose tariffs of 25 percent on imported steel and 10 percent on aluminum or a “long period of time.” Stock and bond yields plummeted on the news as fear of a larger trade war could hinder the economy.