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Wealth Management

Comprehensive planning for the future

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We build lasting relationships with you and your family

Our highly regarded and trusted professionals can customize a plan that caters to your wishes and helps provide peace of mind to your family.

Why Dime Trust Services?

Experienced and Accessible Advice

Have a free and confidential conversation with us.

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Serving you and your family for generations to come:

Our highly regarded and trusted professionals can customize a plan that caters to your wishes and helps to provide financial security and peace of mind to you and future generations of your family. 

Our Clients
 

Individuals & Families: 

Our Trust Services team can help you consolidate and manage retirement accounts, secure and manage your existing assets, create an investment plan, and advise and execute on your generational and estate planning for your family and charitable goals.

Business Owners: 

Dime Bank can work with your legal and tax advisors to create a plan for future contingencies or to help with immediate liquidity events through portfolio management and lending options.

Non-Profit Organizations: 

As a community bank, Dime takes our partnerships with other organizations that are focused on the success of local institutions and constituents seriously. We offer our Asset Management and Fiduciary Services to all clients, including not-for-profit organizations, and we can also work with your donors to structure their charitable planning. 

Asset Management

We offer a mix of solutions based on your needs to secure cash and other assets, keep appropriate records, execute transactions, and build and maintain an individualized investment portfolio.

Custody Services: 

Place your cash, stocks and other securities, or real estate, in our custody for safe-keeping and tax-compliant reporting.

Investment Policy Statements (IPS):

We use these agreements between ourselves and our clients to ensure your wealth is managed in the manner you specify, to your stated goals, and within your risk tolerance.

Individual Retirement Accounts (IRAs):

We can consolidate and invest your retirement nest egg with an individual strategy for investment, distributions, charitable giving, and beneficiary considerations.

Portfolio Management: 

Dime is focused on your long-term success and works with a select list of established investment managers to oversee your portfolio and ensure the proper research and analysis has gone into every position held in your account. In compliance with your IPS and other required guidelines, your accounts are  actively monitored on an ongoing basis.

Fiduciary Services

Dime Bank is unique among community banks in the region in offering a full suite of fiduciary services to our clients and their families.  We differentiate ourselves from the large banks by assessing each individual’s and family’s needs regardless of an existing relationship with Dime and without requiring multi-million dollar minimum deposits.  These services come in four primary categories:

Estate Settlement: 

Dime Bank accepts appointments as the personal representative of our clients’ estate upon their passing and ensures appropriate administration through both probate and non-probate processes.

Trust Administration: 

Dime Bank can serve as Trustee, Co-Trustee, and Successor Trustee on client trusts.  We will ensure compliance with legal and tax requirements and provide prudent asset management for trusts of many kinds, including but not limited to: 

•  Marital Trusts
•  Asset Protection Trusts
•  Directed Trusts
•  Special or Supplemental Needs Trusts
•  Testamentary Trusts
•  Life Insurance Trusts
•  Charitable Trusts and Foundations
•  Grantor Trusts
•  Corporate Trusts

Financial Power of Attorney: 

Dime Bank may act under these legal documents to manage household finances, effectuate certain transactions, and engage in financial stewardship when our clients are no longer willing or able to do so on their own.

Agent for Fiduciary: 

Because we are equipped to serve as a fiduciary in our own right, we can support estate and trust administrators, conservators, guardians, and financial agents in their duties of appropriate record-keeping and reporting, prudent asset management, and tax compliance.

 

 

Not FDIC Insured I No Bank Guarantee I May Lose Value I Not a Deposit I Not Insured by any Federal Government Agency

Tim Fogarty, J.D., C.T.F.A

Vice President
Senior Trust Officer

Tim has led Dime Bank’s Wealth Management business line as Vice President, Senior Trust Officer since 2021. Tim is responsible for the Bank’s comprehensive trusts and estate planning, investment advisory, and non-profit services to benefit our local community. Tim has over a decade of experience in financial services and has held various insurance and investment licenses over the years.  He attained his Certified Trust and Financial Advisor designation from the American Bankers Association in 2020.  He also received the 2023 New Leaders in Banking Award from the Connecticut Bankers Association.

Tim holds a Bachelor of Arts degree from Providence College and a Juris Doctor degree, cum laude, from Roger Williams University School of Law. He is a member of both the Massachusetts and the American Bar Associations.

In addition to advising non-profits professionally,Tim serves as the Chair of both Rhode Island Public Radio's Community Advisory Board as well as the Trust, Estate,and Gift Tax Committee for the Connecticut Society of CPAs. Further, he is a Board member with the Providence College Mal Brown Alumni Club, the Estate and Tax Planning Council of Eastern Connecticut, and the Charitable Gift Planners of Rhode Island.

William E. Labrecque

Assistant Vice President
Trust Operations Manager

Bill has over 30 years of experience in the trust and wealth management industry. Prior to joining Dime Bank, Bill worked as the Trust Operations Manager for SI Financial Advisors at the Savings Institute Bank & Trust starting in 1996; prior to that Bill was employed as Trust Operations Manager at Glastonbury Bank & Trust.

A 1982 graduate of the University of Connecticut, he began his career in financial services with IDS American Express Corporation, where he worked as a Financial Planner. Bill has served on numerous committees throughout his career.

Linda B. Roberts

Assistant Vice President
Trust Administration Officer

Lynn is a certified Paralegal, and a graduate of Temple University with a BA in Criminal Justice. Lynn was a member of the Guilford Savings Bank's Trust Department and came to Dime Bank following our acquisition of its Trust Department on August 1, 2011. Lynn has 20 years of experience in estate and trust administration experience having worked with the Hudson & Kilby Law Firm in Essex, CT, and the Kitchings & Potter Law Firm in Old Lyme, CT.