A Collaboration Founded on Trust

About the COLLABORATION

Live Oak Bank, FSI, Roosevelt Investments and Broad and Cassel now offer funeral home and cemetery owners a turnkey trust solution. This non-exclusive collaboration provides you as the business owner confidence and ease of mind when it comes to your trust accounts.

  • Each participant is experienced and works with clients in the death care industry, so we understand the goals and regulations specific to these types of accounts.
  • We have streamlined communication across the four companies to save you the time of coordinating interaction between your trustee, recordkeeper, investment manager and attorney.
  • You may choose to work with one or all four of the organizations. If you’re happy with your current trustee, recordkeeper, investment manager or attorney, we will work with you to provide a tailored solution that best fits your business’s needs.
FSI Trust Solutions

Funeral Services, Inc. (FSI) is a trust administration and recordkeeping company that provides trust solutions to funeral homes, cemeteries, third-party preneed sellers, industry associations and financial institutions. FSI offers web-based technology designed to enhance your preneed and perpetual care programs with faster and easier access to the documentation you need. A company created by death care professionals for death care professionals, FSI has more than 35 years of industry experience and actively serves more than 500 clients in 19 states. In addition, FSI:

  • Supports the trustee with in-depth knowledge of state and federal laws and regulations
  • Provides secure, industry-specific software for contracts, trust withdrawals, deposits, other transactions and required regulatory reporting functions
  • Serves as your checks and balances, recordkeeper, and the facilitator between you, the trustee and the regulator

To learn more about FSI, visit fsitrust.com.

Live Oak Bank

Live Oak Bank creates an unprecedented banking experience for small business owners nationwide through service and technology. Live Oak provides trust services for preneed funeral trusts, cemetery merchandise and services trusts and perpetual care trusts. Through dedication, industry experience and a focus on customer service, Live Oak helps owners achieve their business goals by offering:

  • A fiduciary team with years of experience that focuses solely on funeral and cemetery trusts.
  • An in-house legal team that ensures your accounts remain in compliance with state statutes, rules and regulations.
  • A simple and streamlined trust account transfer process.

To learn more about Live Oak Bank, visit liveoakbank.com/trust.

Roosevelt Investments

Roosevelt Investments’ industry knowledge, investment experience, and risk-oriented approach have enabled the firm to provide investment management solutions for funeral homes and cemeteries for over 30 years. As a privately held, unaffiliated boutique investment manager in Midtown Manhattan, the firm traces its roots back to 1971, when P. James Roosevelt, a cousin of former President Theodore Roosevelt, founded an investment advisory firm. Roosevelt Investments offers business owners:

  • Guidance on generating income as well as preserving and growing the portfolio to keep up with inflation, based on a deep understanding of funeral and cemetery investment needs
  • A conservative approach to investing and a variety of investment options, with ongoing risk management and tailored portfolio positioning
  • In addition to investment management of your trust, assistance with integrating your business and your personal finances through retirement, estate, and insurance planning

To learn more about Roosevelt Investments, visit rooseveltinvestments.com/death-care.

Broad and Cassel Attorneys at Law

Broad and Cassel LLP is a full-service law firm serving clients worldwide from nine offices throughout Florida. Founded by Alvin Cassel and Shepard Broad in 1946, the Firm has more than 170 attorneys with extensive experience in a wide variety of practice areas and industries, including the representation of death care clients in many states. Wendy Russell Wiener, Esq., chairs the Regulatory department of the Firm's Corporate and Finance Practice Group, and has provided regulatory consulting and legal services to her death care clients for more than 23 years. Based in our Tallahassee office, she represents publicly and privately owned members of the death care industry. Her practice is dedicated to the service of all components of death care, from owners and operators to trustees, administrators, servicing agents and insurers.

To learn more about Broad and Cassel, visit broadandcassel.com.


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