Truist Bank, a Member FDIC and Equal Housing Lender, provides a range of financial services in locations potentially including areas near Charles Town, WV. It’s crucial for customers in areas like Charles Town, WV to understand the standard disclosures that apply to banking and financial services offered. Truist Financial Corporation, the parent company, along with its logo and Truist Purple branding, are service marks of Truist Financial Corporation.
Understanding Investment and Insurance Product Disclosures for Bank Clients around Charles Town WV
When considering investment and insurance products through banks like Truist, especially for residents in or near Charles Town WV, it’s vital to note the following:
- Not FDIC Insured or Insured by any Government Agency: Unlike deposit accounts, investments and insurance products are not protected by the Federal Deposit Insurance Corporation (FDIC) or any other government entity. This means that these products carry investment risk.
- Not Bank Guaranteed: Banks do not guarantee the performance or returns of investment and insurance products. Your investment’s value can fluctuate based on market conditions.
- May Lose Value: There is a possibility of losing money when investing in these products. Market fluctuations and investment performance can lead to a decrease in the principal value.
It’s important for individuals in Charles Town WV, or any location, to understand these distinctions to make informed financial decisions.
TRUIST is a registered service mark of Truist Financial Corporation and its affiliates. Within the Truist network, various services are provided by different affiliates. Banking products and deposit accounts, critical for everyday financial management in Charles Town WV, are offered by Truist Bank, Member FDIC. Trust and investment management services are also handled by Truist Bank.
For those in Charles Town WV interested in securities, brokerage accounts, and annuities, these are offered by Truist Investment Services, Inc., a registered broker-dealer with the SEC, and a member of FINRA and SIPC. This entity is also a licensed insurance agency. Investment advisory services are provided by Truist Advisory Services, Inc., and GFO Advisory Services, LLC, both SEC registered investment advisers. Certain insurance products are offered through Truist Investment Services, Inc., while others are offered by McGriff Insurance Services, LLC, Kensington Vanguard National Land Services, LLC, and Crump Life Insurance Services, LLC. Truist Life Insurance Services (TLIS) is a division of Crump. Variable insurance products are for broker-dealer or registered representative use only and are distributed by P.J. Robb Variable (PJRV), LLC.
It’s important to note that McGriff, Kensington Vanguard, Crump, TLIS, and PJRV are not affiliates of Truist Financial Corporation or its subsidiaries. This distinction is key for understanding the scope and responsibility of each entity when dealing with financial services in areas like Charles Town WV.
Truist Securities, a trademark of Truist Financial Corporation, represents the corporate and investment banking services of Truist and its subsidiaries. Securities and strategic advisory services are delivered by Truist Securities, Inc., a member of FINRA and SIPC. Lending, financial risk management, treasury management, and payment services are the domain of Truist Bank. These services are essential for businesses and individuals in communities such as Charles Town WV.
Mortgage products and services, important for homeownership in Charles Town WV, are offered through Truist Bank. All Truist mortgage professionals are registered with the Nationwide Mortgage Licensing System & Registry (NMLS), promoting transparency in the real estate industry. You can search the NMLS Registry for more information.
Any comments regarding tax implications are for informational purposes only. Truist and its representatives do not provide tax or legal advice. For residents of Charles Town WV, or anyone making financial decisions, it is always recommended to consult with a qualified tax or legal professional before making decisions with tax or legal consequences.
“Truist Advisors” may include officers and associated persons from Truist affiliates like Truist Investment Services, Inc., and Truist Advisory Services, Inc. Truist Wealth, International Wealth, Center for Family Legacy, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are trade names used by Truist Bank, Truist Investment Services, Inc., and Truist Advisory Services, Inc. These specialized groups may cater to specific financial needs within communities including those near Charles Town WV.
