BlackRock Provides ETF Model Portfolios;
Huntington National Bank Provides Custody and
Sub-Accounting
BOSTON,
Oct. 18,
2023 /PRNewswire/ -- Visible Foundation announces the
launch of Visible National Trust (www.VisibleNationalTrust.com),
the first national, turnkey special needs trust platform connecting
financial advisors and families that include a loved one with a
disability. BlackRock (NYSE:BLK) provides ETF model portfolios, and
Huntington Bank (Nasdaq:HBAN) provides custody and
sub-accounting.
Visible National Trust is the first
complete package of intentionally designed disability financial
planning tools.
"One in four people (25%) in the U.S. has a
disability," said Lisa A. Cohen,
Founder of Visible National Trust and Board Chair of Visible
Foundation. "Our mission is to ensure that families can plan
effectively for the care of a loved one with a disability while
strengthening the economic security of the whole family. Visible
National Trust is a complete package of intentionally designed
financial services for disability financial planning."
For families, Visible National Trust is a leap
forward in disability financial services, providing
intergenerational stewardship of funds, access to benefits,
connectivity with trusted financial advisors, and the services of
global and national financial institutions trusted by millions of
people.
"Special needs planning is a tangled web of
complexity that often overwhelms families with a loved one who is
disabled. Visible National Trust helps simplify special needs
planning for millions of families across the country by
streamlining the planning process in a cost-effective manner for
participants. Huntington is
honored to work together with Visible National Trust to better
support the special needs community," says Denise R. Stone, Senior Vice President, The
Huntington National Bank.
Visible National Trust includes trust
administration, investments, custody, accounting and tax
preparation, electronic distribution requests, payments, and
continuous access to account information. Visible National Trust's
low costs remove barriers to affordability and include all trust
services and underlying investment vehicle costs (only annual tax
reporting is a separate fee).
New Product Area for Financial
Advisors
For financial advisors, Visible National Trust is
a packaged disability financial planning solution integral to
implementing comprehensive wealth management and retirement plans.
Establishing an individual trust account with Visible takes just a
few steps.
"Before Visible National Trust, families with
loved ones with special needs faced a cumbersome, disjointed
process which sometimes led to their needs going unaddressed. Now,
families and their financial advisors have a seamless and
thoughtfully designed solution to help a community who deserves our
best.," said Bill Friebel, CFP®,
CRPC®, President, Cornerstone Wealth Management LLC, and a Director
of Visible Foundation.
Visible's advisor support includes initial and
deeper-dive training, product specialists, assistance with client
onboarding, and ongoing support and service. Compensation is
available at advisors' discretion. Visible is reaching out to
advisory firms and welcomes inquiries from firms and advisors.
Visible is available to financial advisors,
families, and individuals nationwide. Contact Visible to explore
establishing a trust account for yourself, your loved one, or your
client.
About Visible National Trust
Visible National Trust is the first national,
universally accessible special needs trust solution that connects
families and the financial community. Visible Foundation is the
independent 501(c)(3) nonprofit sponsor and Trustee of Visible
National Trust. BlackRock Investment Management, LLC, is the ETF
model portfolio provider to the Trust, Huntington National Bank
provides custody, sub-accounting, and payments services to the
Trust, and Capital Motion LLC is the Trust Administrator. Visit
VisibleNationalTrust.com for more information.
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SOURCE Visible Foundation