Navigating Your Dreams
With Wachovia at the Helm
Yachts bring the beauty of the open seas and the luxuries of a grand home together.
The Spirit Of Yachting
Wachovia’s team of relationship-driven professionals will guide you through the complexities of financing yachts from $5million to $40million-plus with tailor-made programs designed for your financial profile.
World economics aside, the facts are clear: The wealthy are getting wealthier, and the number of new yacht orders is steadily rising. According to the 2008GlobalOrder Book (Showboats International), there was an 18% increase for yachts 80 feet and longer, and the number of yachts under construction (as of September 2007) was 916. Furthermore, this year Forbes identified more than 1,000 billionaires for the first time.
If you’re among the followers of the yachting lifestyle, the vessel of your fancy is emerging on the horizon.Wachovia’s Equipment Finance teamoffers a sophisticated network of financial professionals to navigate your new or pre-owned yachting transaction with efficiency and expertise.
Launch Your Dream Yacht With Wachovia’s Team of Experts
Named 2007’s High Net Worth Provider of the Year by Private Asset Management, Wachovia WealthManagement is the first place to start in seeking financial direction for yacht financing, according to Adam Holtzschue, senior vice president and managing executive of AffluentCredit Services.Holtzschue’s division specializes in delivering customized solutions to Wachovia’s most sophisticated clients.
“We attract both existing and new clients with the expertise and delivery we provide in our yacht and aircraft categories,” he says. “Our competitive advantage is our highly trained and experienced team of advisors located across the country. They provide solutions for individuals seeking to finance yachts. Our sole objective is to ensure that the client’s unique needs are met.”
Providing yacht and aircraft financing solutions is just one of the ways Wachovia Wealth Management helps its clients look beyond
accumulation of wealth to its use, preservation and transfer. “We’re constantly focused on helping our clients grow their assets. The work
we do with yacht financing is a great example of how we find ways to help our clients enjoy their success,” says Holtzschue. In addition
to financing, Wachovia Wealth Management offers an awardwinning investment management platform, world-class financial planning services, and insurance and risk management expertise. Clients can also access Wachovia Trust, one of the nation’s oldest and largest trust companies. And for clients with $50 million or more, Wachovia’s Calibre division is one of the nation’s largest and most respected multi-family offices.
“We deliver integrated services through a team model,” Holtzschue says. “Our people and the breadth of perspective that they bring, as well as the size and strength of our company, make Wachovia Wealth Management one of the few true wealth managers in the marketplace today.”
A Course Charted for Success
Wachovia’s team of skilled Equipment Finance professionals — experienced in dealing with national and international shipbuilders and a variety of currencies — assists prospective yacht owners in navigating the complex and technical process of financing luxury yacht purchases from $5 million to $40 million plus.
Wachovia Equipment Finance earned stellar industry recognition by successfully leveraging the power of the Wachovia franchise and delivering the best financing solutions for each client. Recently, in the Monitor 100 industry study, Wachovia Equipment Finance ranked as the second-largest bank-owned equipment finance provider in the U.S., serving clients through a variety of asset types, including corporate aircraft and transportation equipment, to name a few.
Backed by the resources and strength of the U.S.’s fourth-largest financial services company, the Equipment Finance team works with partners in Wachovia Wealth Management, Commercial/Retail Banking, Capital Management, and Corporate and Investment Banking to deliver a broad spectrum of products and services that complement its yacht financing capabilities. The solutions that the Wachovia team offers go beyond simple service.
With Wachovia, the process of financing your yacht is streamlined and tailored to your needs. “Purchasing a luxury megayacht is a significant investment. Every yacht is different, and financing options vary based on the individual client’s profile and needs,” Holtzschue adds.
Based on its list of repeat and existing clients, yacht financing through Wachovia is not a process that ends with the vessel’s delivery. The Wachovia Equipment Finance team builds relationships with clients, serving them through multiple yachts, corporate aircraft or other essential-use equipment.
“We’re focused on building long-term relationships with clients – customizing
our solutions to meet their yacht financing needs.”
- Adam Holtzschue, Senior Vice President and Managing Executive of
Affluent Credit Services for Wachovia Corporation
With extensive knowledge of both U.S. and international builders, Wachovia’s Equipment Finance Team is also experienced in pre-owned yacht financing. According to Holtzschue, the strength of the brand, combined with its nationally diverse group of resources and experts, means prospective yacht owners are privy to a myriad of solutions.
Photos by Joseph Byrd
Insurance products are offered through insurance agency affiliates of Wachovia Corporation including Wachovia Insurance Services, Inc. and are underwritten by unaffiliated insurance companies. Investment services are offered through Wachovia Securities, LLC, member NYSE & SIPC, a registered broker-dealer and non-bank affiliate of Wachovia Corporation. All loans and lines of credit are subject to credit approval, verification and collateral evaluation. Initial decision is subject to you meeting specific underwriting requirements, and final approval will be based upon you satisfying those requirements. Loans and lines of credit are originated by Wachovia Mortgage Corporation, Wachovia Bank, National Association, Wachovia Financial Services, or where applicable, Wachovia Bank of Delaware, National Association. Products are not available in all states and are subject to change without notice. Wachovia does not provide legal or tax advice.
Be sure to consult with your own tax and legal advisors before taking any action that would have tax consequences.