FiPar Selects Straight Arrow Solutions to Provide Customized Back-Office Trust Operations Solutions to Individual Trustees

NEWS RELEASE?(San Antonio, Texas)--October 1, 2024--FiPar Financial, Inc., a nationally recognized, San Antonio-based, institutional trust consulting firm and emerging leader in serving Independent Professional Trustees, today announced the selection of Atlanta-based Straight Arrow Solutons, LLC, to make available customized back-office trust operations solutions to individual trustees participating in FiPar's groundbreaking trust solution "Private RIA Trust", specifically designed to serve the trust needs of RIA's wealthiest clients.

Straight Arrow, led by industry-recognized veteran trust innovator Danny McHale, will be responsible for delivering turnkey trust operatons solutions to individual trustees, representing Indepenent Professional Trustees, trusted advisors, family members, Family Offices and, in select cases, RIA principals.

Straight Arrow, in association with Memphis-based HWA International, Inc.,?an industry-recognized leader in providing comprehensive trust accounting, trust administration and onboarding technology software solutions,?will support trustees' mission by promoting standardization and uniformity in dedication to their advancement and professionalization.?

Individual trustees are quickly outgrowing an ability to rely on brokerage statements, spreadsheets, and legal pads to meet their accounting and reporting needs. By integrating HWA’s robust functionality, operational efficiency, and cost-savings solution with Straight Arrow's tailored back-office outsourcing services, individual trustees will be equipped with a powerful, synergistic Trust Management Platform designed to accommodate their specialized trust requirements. FiPar’s powerful trust model addresses the increasing demand among forward-thinking organizations to serve UHNW and Family Office legacy wealth with modern, jurisdictional-leading trust, investment, tax and privacy laws. Individual trustees, representing RIA trust clients, operating under these modern trust laws, must adhere to strict fiduciary standards of conduct, including accounting and reporting, to maintain their roles and relationships.

Private RIA Trust is engineered to provide the functionality of a trust company absent a trust charter and without the customary expense, risk and regulatory burden while actively embracing preferences and expectations of wealthy individuals and families seeking to optimize flexibility, control, security, privacy, influence and direction of their wealth. Consequently, this business structure empowers RIAs to focus on their core corporate objectives while diversifying their business lines to gain a competitive market edge and expand into a new source of significant, recurring revenue.

Danny McHale, President of Straight Arrow Solutions, stated, “We are thrilled to join forces with FiPar and HWA to deliver a comprehensive trust solution that addresses the unique?needs of individual trustees. Our combined expertise will ensure that trustees have access to the best tools and support to meet their fiduciary responsibilities.”

Javier Jimenez, President & CEO of HWA International, Inc., commented, “This partnership with FiPar and Straight Arrow Solutions underscores our commitment to providing innovative and flexible trust solutions. We look forward to supporting individual trustees in their mission to serve their clients effectively.”

FiPar’s CEO Bob Fletcher stated, “The addition of Straight Arrow Solutions to our partnership with HWA strengthens our mission to support individual trustees with a robust and enriched Trust Management Platform. This collaboration represents a significant step forward in promoting standardization and professionalization in the trustee sector."

For additional information about FiPar's "Private RIA Trust" model, please view our website by clicking?HERE and you are invited to contact Straight Arrow and HWA directly for further information about their solutoins.

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Contact:

Raymond R. (Bob) Fletcher, CTFA, CISP, CFMP /CEO / FiPar Financial, Inc. / San Antonio, Texas / 210-860-8055 / [email protected]

Mark Clemons, JD / President & Executive Trust Consultant / Manager--Private RIA Trust / FiPar Financial, Inc. / San Antonio, Texas / 253-304-5586 [email protected]

Danny McHale / President / Straight Arrow Solutions, LLC/ Atlanta, Georgia / 205-317-5355 / [email protected]

Javier Jimenez / President & CEO / HWA International, Inc. / Memphis, Tennessee / 800-328-8661, x 106 / [email protected]

About: FiPar Financial, Inc.

FiPar Financial, Inc., a San Antonio-based business with a national service scope, serves as an institutional and independent trust consulting firm specializing in helping banks, trust companies RIAs and other financial services organizations optimize trust capabilities by integrating visionary ideas, strategic initiatives and specialized skills?with a service focus in trust charter applications, risk assessments, alternative trust solutions, interim and crisis management and trust technology consulting. In other words, we put 'em together, take 'em apart, turn 'em around, shut 'em down and sell 'em off!?

About: Straight Arrow Solutions, LLC

Welcome to Straight Arrow Solutions, LLC., a leading consulting and services firm dedicated to serving the Wealth Management and Financial Services industries. We are committed to providing top-notch consulting and staffing solutions to address the unique challenges faced within our sector. Our primary focus addresses the needs of banks and trust companies, RIAs, single and multi-family offices, private banks, retirement plan providers, custodians, brokerage firms, insurance companies, and other industry service providers.

Straight Arrow Solutions understands the complexities our clients encounter in today’s dynamic financial landscape. As the proliferation of software applications and data aggregation needs increases, alongside growing product and organizational complexity, the demands for higher quality customized services, greater efficiency, and reduced risk have become paramount.

Straight Arrow Solutions stands firmly by our clients’ side, working collaboratively to develop strategies that enable them to make better decisions, deliver exceptional service, streamline processes, and ensure regulatory compliance and internal controls. We do this by harnessing deep industry knowledge and an unwavering dedication to craft tailor-made solutions and services.

About: HWA International, Inc.

HWA International has built an incredibly strong reputation in the trust and accounting market space because of our depth of experience and our focus on client service.

Headquartered in Memphis, Tennessee, HWA International has?been providing reliable and affordable tools for efficient portfolio management and trust operations since 1977.

We have delivered comprehensive software products that can be installed in-house or hosted by HWA to banks, trust companies, family offices, IRA offices, foundations, special needs trust offices and other financial institutions for over 40 years.

Simple Concept / Powerful Solution?(sm)

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