Bad Axe-based based Northstar Bank has acquired Cypress Capital Wealth Management, in Ann Arbor, and retained Founder and President James Housler.
The acquisition by Northstar should enhance Cypress Capital’s ability to deliver “a robust, yet customized suite of services to high-net-worth investors and their families.”
“Personalization is the future of financial services, so the acquisition of Cypress Capital Wealth Management makes good business sense,” says Kevin Nelson, CEO of Gemini Group and Northstar Financial. “I have followed James throughout his career and have no doubt that he is the perfect fit to lead this charge into wealth management to serve our banking clients across our network of branches.”
Housler is a Michigan native who spent the first decade of his career at institutions like J.P. Morgan Private Bank before helping to build two of the area’s larger privately held advisory groups. Combining almost 20 years of financial services experience with his understanding of what closely held entrepreneurial families and executives need, Housler created Cypress Capital Wealth Management to provide a holistic approach to financial planning.
“Cypress Capital will allow Northstar Financial Group to further expand our personalized banking to offer enhanced integrated financial services to our high-net-worth customers,” says David Sass, president of Northstar Financial Group. “The Northstar banking relationship allows Cypress Capital clients direct access to leading community banks for all of their banking product and service needs, including loans and deposits.”
Housler says: “I’m honored to have the backing of Northstar Bank and Northstar Financial Group, which gives Cypress Capital and our clients access to an exceptional range of financial services that can be customized to meet individual needs.”
Cypress Capital Wealth Management’s mission is to deliver to clients the investment expertise and service necessary to achieve financial security now and for generations to come. In addition, it offers services such as tax and estate planning, insurance, and lending to create an all-encompassing financial picture for individuals and families. It also can advise clients on venture capital, private equity offerings, buying and selling businesses, and more.
Northstar Bank is a subsidiary of Michigan-based Northstar Financial Group Inc., which shares ownership with Gemini Group, a Bad Axe-based manufacturing conglomerate. Northstar Bank and its affiliate banks operate 17 branches in Michigan and eight branches throughout central Florida.
