How does the advisor help clients – Key Takeaways:
TRUIST ADVISORY SERVICES, INC. is a trusted and reputable financial advisory firm that has been providing expert financial services to clients for over 20 years. Their team of experienced financial advisors are committed to helping clients achieve their financial goals and provide personalized recommendations based on each client’s unique financial needs.
The following are key takeaways of how TRUIST ADVISORY SERVICES, INC. helps clients:
- Offers a wide range of financial services, including financial planning, retirement planning, investment management, tax planning, and more.
- Provides personalized recommendations based on each client’s financial goals, risk tolerance, and financial situation.
- Combines expertise in financial planning with a client-centric approach, ensuring that the best interests of the client are always the top priority.
Facts and Insights
TRUIST ADVISORY SERVICES, INC. was founded in 1999 and has been in business for over 20 years. As of 2019, they have over 1,500 financial advisors and over 1,200 branches across the United States.
The following table provides publicly available information on TRUIST ADVISORY SERVICES, INC.’s assets under management, number of advisors, and time in business:
| Year | Assets Under Management (in billions) | Number of Advisors | Time in Business (in years) |
|---|---|---|---|
| 2019 | $416 | 1,500+ | 21 |
| 2018 | $368 | 1,500+ | 20 |
| 2017 | $310 | 1,500+ | 19 |
Financial Services Offered
TRUIST ADVISORY SERVICES, INC. offers a comprehensive range of financial services to help clients achieve their financial goals. These services include:
- Financial Planning
- Retirement Planning
- Investment Management
- Tax Planning
They also offer additional services such as trust and estate planning, insurance and risk management, education planning, and more.
Client Types
TRUIST ADVISORY SERVICES, INC. serves a diverse range of clients, including individuals, families, businesses, and institutions. Their team of financial advisors have experience working with clients of all ages, income levels, and financial goals.
Fees & Compensation
TRUIST ADVISORY SERVICES, INC. charges fees based on a percentage of assets under management or an hourly fee for financial planning services. The exact fees may vary depending on the services provided and the complexity of the client’s financial situation.
They are transparent about their fees and provide clients with a clear breakdown of all charges. Clients can also rest assured that TRUIST ADVISORY SERVICES, INC. does not receive any commissions or incentives for recommending certain products or services.
Background
TRUIST ADVISORY SERVICES, INC. is a subsidiary of Truist Financial Corporation, a leading financial holding company formed in 2019 by the merger of BB&T Corporation and SunTrust Banks, Inc. This partnership has further strengthened TRUIST ADVISORY SERVICES, INC.’s financial expertise and resources to better serve their clients.
The firm’s philosophy is focused on holistic financial planning and putting their clients’ needs first. They believe in building long-term relationships with their clients and helping them achieve financial success.
Financial Advisor Disclosures to Know
Before committing to any financial advisor, it is important to be aware of any potential conflicts of interest or disciplinary actions. TRUIST ADVISORY SERVICES, INC. has a clean record with no reported disciplinary actions. It is also important to note that all of their financial advisors are registered with the SEC and any potential conflicts of interest must be disclosed to clients.