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PRNewswire
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Webster Bank Offers Customers An Automated Digital Investment Platform

February 09, 2018 | About:

PR Newswire

WATERBURY, Conn., Feb. 9, 2018 /PRNewswire/ -- Webster Investments, a division of Webster Bank, N.A., now offers Guided Wealth Portfolios (GWP), an advisor-enhanced, digital investment platform designed to enhance customer experience by providing an additional option to manage their investments. The online investment platform was designed as an innovative option for clients seeking a technology-enabled investment solution combined with the opportunity to have a relationship with a financial advisor.

"We continually enhance our offerings to meet the evolving needs and desires of our clients," said John Olerio, Senior Vice President, Director, Webster Investments. "This platform can deliver on investors' increasing expectations for a digital service experience without losing the personal relationship between client and advisor."

Through an online portal, clients can open new accounts, view their portfolios and make updates to their personal information as their lives change. The platform creates personalized investment strategies based on individual goals, time horizon and risk preferences. An advisor provides advice and can offer guidance and planning resources to clients as their financial needs and goals evolve.

"There is an increasing demand for financial advice, with investors seeking ways to meet their near-term and long-term financial goals," said Nitin J. Mhatre, Webster Bank Executive Vice President and head of Community Banking. "Whether they're just getting started with investing or simply prefer a digital experience, our goal of providing this digital platform is to expand the range of options available to help our clients work toward their financial goals."

Webster Investments is supported by LPL Financial, a leader in the retail financial advice market and the nation's largest independent broker-dealer*, providing resources, tools and technology that support advisors in the delivery of personal, objective financial advice.

Please visit https://public.websteronline.com/personal/guided-wealth-portfolios or contact 844-WIS-4GWP (844-947-4497) for more information about the technology solution.

Guided Wealth Portfolios (GWP) is a centrally managed, algorithm-based, investment program sponsored by LPL Financial. GWP uses proprietary, automated, computer algorithms of FutureAdvisor, Inc. to generate investment recommendations based upon model portfolios constructed by LPL Financial. FutureAdvisor and LPL Financial are not affiliated entities. Both LPL Financial and FutureAdvisor are investment advisors registered with the U.S. Securities and Exchange Commission, and LPL Financial is also a Member FINRA/SIPC.

All investing involves risk including loss of principal. No strategy assures success or protects against loss.

* Based on total revenues, Financial Planning magazine June 1996-2017

About Webster Investments

At Webster Investments, we believe a client's plan should be as unique as they are — built around their specific needs, preferences and goals related to every aspect of their financial life.

Helping clients create a personalized plan is what we do best. We do it with state of the art planning tools, objective guidance and access to a wide range of resources. Our approach to financial planning is highly personalized. We are not obligated to sell any particular investment product or brand. So we can recommend non-proprietary products and services based solely on client's needs and objectives.

About Webster

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $26.5 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 167 banking centers and 334 ATMs. Webster also provides mobile and Internet banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

About LPL Financial

LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and provided service to approximately $575 billion in brokerage and advisory assets as of Nov. 30, 2017. LPL is one of the fastest growing RIA custodians and the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2017), and the firm and its financial advisors were ranked No. 1 in net customer loyalty in a 2016 Cogent Reports study. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 financial advisors and over 700 financial institutions, enabling them to provide a range of financial services including wealth management, retirement planning, financial planning and other investment services to help their clients turn life's aspirations into financial realities. As of Sept. 30, 2017, financial advisors associated with LPL Annotations: served more than 4 million client accounts across the U.S. as well as an estimated 41,000 retirement plans with an estimated $137 billion in retirement plan assets. Additionally, LPL supports approximately 3,700 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have more than 3,500 employees with primary offices in Boston, Charlotte, and San Diego. For more information, visit www.lpl.com.

Securities and Insurance Products:


Not FDIC Insured

Not Bank Guaranteed

May Lose Value

Not a Bank Deposit

Not Insured by any Federal Government Agency


Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Webster Bank, N.A. and Webster Investments are not registered broker/dealers and are not affiliated with LPL Financial. The Webster Symbol is registered in the U.S. ©2017 Webster Bank, N.A. All rights reserved.

Webster Investments and LPL Financial are separate entities.

Media Contact:

Investor Contact:

Alice Ferreira, 203-578-2610

Terry Mangan, 203-578-2318

[email protected]

[email protected]

Cision View original content:http://www.prnewswire.com/news-releases/webster-bank-offers-customers-an-automated-digital-investment-platform-300596520.html

SOURCE Webster Bank, N.A.


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