Kerndt Brothers Savings Bank (KBSB), with locations in Lansing, Decorah, Waukon, West Union, Clermont and Cedar Rapids, has acquired the Securities America branch office of Paul Styve Investment Group based in Decorah. The Paul Styve Investment Group has a customer base encompassing all of the upper midwest providing over 28 years of experience in investment and advisory services.
This acquisition will provide KBSB customers with a significant expansion of investment services, including investment advising and consulting, and retirement programs for individuals, municipalities and businesses of any size over a 14-state area.
Jim Kerndt, C.E.O. of Kerndt Brothers Savings Bank, commented: “With 80 million Baby Boomers retiring in the next 20 years and Millennials positioned to be recipients of the largest wealth transfer in history, we see a need to assist our customers with the complex tasks of financial planning before and during retirement.