![]() ![]() Investment consulting: no stated minimum.The minimum investment requirements at Truist Wealth typically vary by service. Other common clients of Truist include charitable organizations, retirement plans, businesses and other entities. In fact, the firm works with more than 123,000 individuals, the majority of whom don't have a high net worth. Truist Wealth's advisory business is squarely centered around individuals both above and below the high-net-worth threshold. Truist Wealth Client Types and Minimum Account Sizes The firm was born out of the merger of BB&T and SunTrust, formerly two of the largest financial institutions in the U.S. Truist Wealth and Truist Bank are both under the ownership of Truist Financial Corporations. Truist Wealth BackgroundĪs we state above, Truist Wealth and its affiliate, Truist Bank, opened in their current form in 2020. A fee-only firm, on the other hand, earns only client-paid fees, avoiding any third-party compensation. Truist is a multi-billion dollar operation, with thousands of on-staff financial advisors.Īs a fee-based firm, some of the advisors at Truist can receive third-party compensation for things like insurance product sales. The firm offers various types of investment advisory programs, in addition to financial planning and consulting services. Truist Bank came about in 2020 as a result of the merger of two large banks: BB&T and SunTrust. Truist Wealth, which is legally known as Truist Advisory Services, Inc., is the wealth management arm of Truist Bank.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |