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Wealth Management Services Available

Building a sound financial portfolio requires careful consideration of many different issues, including risk tolerance, current and future lifestyle needs, fees and potential penalties. Please be sure to consult with a qualified SPF* Financial Representative at Sussex Bank for additional details about each service.

Wealth Management Services, available through Sorrento Pacific Financial, LLC (SPF*)... Setting a course for your financial future

A mutual fund is a diverse pool of investments made up of different stocks, bonds and other financial products, shares of which are purchased by investors. You can speak to your SPF* Financial Consultant at Sussex Bank for more information.

An annuity is an insurance product in which earnings are tax-deferred until you begin withdrawing the money. In some cases, the principal invested in an annuity is tax-deductible (such as an IRA annuity). A fixed annuity provides a set rate of return, backed by an insurance company. For additional information on annuities please contact your SPF* Financial Consultant at Sussex Bank.

A broad selection of programs employers may wish to offer employees as a part of a benefits package. Examples include Simple IRAs and Self-Employed Pension Plans.

If you qualify, an IRA is a retirement savings plan that allows individuals to make tax-deductible contributions each year. Taxes on contributions and earnings are deferred until the money is withdrawn. Withdrawals prior to age 59 1/2 may be subject to an early withdrawal penalty and applicable taxes. For specific tax advice please consult a qualified tax professional.

Unlike a traditional IRA, contributions to a Roth IRA are not tax-deductible. Qualified distributions are tax free if you satisfy the requirements. Certain conditions apply to withdrawals, which if not met, may result in penalties. Please consult a qualified tax professional for specific advise regarding your situation.

This product is increasingly popular with individuals who wish to set money aside for college expenses. It offers a number of advantages and restrictions, which can be explained by your SPF* Financial Consultant at Sussex Bank. Investors should consider investment objectives, risks, and charges associated with Section 529 plans prior to investing. Contact your investment representative or carrier for more information about municipal fund securities which is available in the issuer's official statement or plan disclosure document which should be read carefully prior to investing. Most 529... Read More

Term Life Insurance is a policy in which coverage is offered for a specific period of time. At the conclusion of the contract, the policyholder is no longer covered, and holds no equity in the policy. Whole Life Insurance offers protection in which a cash value accrues, allowing the policyholder the flexibility of borrowing against the account if need be.

Long-Term Care Insurance is guarding against the costs of services necessary to assist someone who experiences reduced physical and/or intellectual functioning. These services may be provided to the individual at home, in the community or at a residential facility.

Typically utilized by individuals who conduct their own financial research and make their own investment decisions. Self directed online brokerage allows the individual to invest in the stock market without being subject to the commissions of a full-service broker.

Online Investment Center - eVISION® is a registered trademark of CUSO Financial Services, LP, licensed with permission by SPF. Extreme market volatility and trade volume may affect system access and execution. Complete pricing schedule available online.

A 401(k) is a retirement plan that is available to employees of some private corporations. The employee chooses an amount to be deducted from his/her paycheck to be placed into a managed investment account. The employee directs the investment selection on the basis of risk tolerance. Employers may offer to match up to 50% of the employee contribution. Contributions reduce the employee's taxable income, with taxes deferred until the money is withdrawn.

A 403(b) is available to employees of some non-profit organizations. The employee chooses an amount to be deducted from his/her paycheck to be placed into a managed investment account. The employee directs the investment selection on the basis of risk tolerance. Employers may offer to match up to 50% of the employee contribution. Contributions reduce the employee's taxable income, with taxes deferred until the money is withdrawn.

Whatever your financial goals might be, we want to help you get there. Contact us today for a free, no obligation consultation.

Wealth Management Services Are

*Non-deposit investment products and services are offered through Sorrento Pacific Financial, LLC ("SPF"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through SPF: are not FDIC or otherwise federally insured, are not a deposit or guarantee of the Bank, and may involve investment risk including possible loss of principal. Investment Representatives are registered through SPF. The Bank has contracted with SPF to make non-deposit investment products and services available to bank clients. 

 

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