Curated News
By: NewsRamp Editorial Staff
September 23, 2025
Jamie Hopkins on Estate Planning Gaps and Bryn Mawr Trust's Integrated Approach
TLDR
- WSFS Bank's integrated wealth management approach gives business owners a competitive edge through coordinated estate planning, tax strategies, and succession planning that maximizes business value.
- Bryn Mawr Trust's methodical process consolidates financial accounts, coordinates investments with estate plans, and establishes trusts to systematically protect assets and ensure business continuity.
- Bryn Mawr Trust's educational approach to estate planning helps families protect their legacies and ensures local businesses thrive through proper succession planning and community support.
- Estate planning involves surprising elements like college health care directives and digital asset protection that many overlook but are crucial for modern financial security.
Impact - Why it Matters
This news matters because estate planning, trust services, and succession planning are critical for both individuals and business owners, yet they are often misunderstood or delayed. Many people assume these tools are only for the wealthy, leading to unprotected assets, costly probate processes, and business continuity risks. For families, overlooking basics like beneficiary designations or powers of attorney can create legal and financial headaches during life events. For business owners, poor succession planning can jeopardize decades of hard work and legacy. Bryn Mawr Trust's coordinated approach addresses these gaps by integrating financial advice, tax strategy, and estate planning, helping clients avoid siloed solutions and make proactive decisions. In an era of complex tax laws and economic uncertainty, such holistic planning is essential for wealth preservation and intergenerational transfer.
Summary
Jamie Hopkins, Executive Vice President and Chief Wealth Officer at WSFS Bank, leads the firm's Wealth Management segment and serves as CEO of Bryn Mawr Trust Advisors, where he drives strategic growth initiatives and coordinates private wealth and institutional trust operations. Hopkins emphasizes that estate planning is not just for the wealthy but touches everyday life through activities like account titling, beneficiary designations, and powers of attorney. For business owners, he highlights the critical importance of succession planning, tax strategy, and liquidity planning, noting that poor planning can jeopardize business continuity.
Hopkins provides practical advice for financial consolidation, urging individuals to get all accounts in one view, simplify their financial lives, and maintain regular check-ins with advisors. He stresses that Bryn Mawr Trust's integrated strategy brings together investments, estate planning, taxes, and insurance under one coordinated framework, helping clients avoid gaps and make confident decisions. The firm's unique approach, supported by its national and Delaware state charters, allows it to serve clients with specialized needs like special needs trusts and legacy trusts, leveraging over 120 years of stability from both WSFS and Bryn Mawr Trust.
Addressing regional challenges, Hopkins notes that business owners in the Greater Delaware Valley face unique tax codes and credits, making coordinated solutions essential for preserving family legacies. He underscores that trusts are often overlooked due to societal avoidance of death discussions but offer critical protection against probate, tax inefficiencies, and succession complications. By combining banking, wealth, and estate planning services, Bryn Mawr Trust aims to help local businesses thrive, ensuring they have the funding, support, and planning needed for growth and operational excellence.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Jamie Hopkins on Estate Planning Gaps and Bryn Mawr Trust's Integrated Approach
