Webster Bank is a full-service regional bank that provides a wide range of financial products and services to consumers and businesses throughout the northeastern United States. One of the key offerings from Webster Bank is investment services, which gives customers convenient access to investment options to grow their wealth. This article provides an overview of the major investment products and services available through Webster Bank.
Brokerage and Managed Investment Accounts
Webster Bank offers brokerage accounts and managed investment services through Webster Investments, its in-house investment advisory group. Customers can open self-directed brokerage accounts to invest in stocks, bonds, ETFs, mutual funds and other securities. Professional investment advisors are also available to provide customized investment management services based on a client’s goals, risk tolerance and time horizon. Advisors can manage individual investment accounts on a client’s behalf or provide guidance for self-directed investors. Webster Bank has integrated its banking and investment services so clients can seamlessly manage their full financial relationship.
Mutual Funds
Webster Bank offers a range of mutual funds from leading fund companies like American Funds, Franklin Templeton and Invesco. The bank’s investment specialists can help clients identify the right mutual funds to build a diversified portfolio aligned with their investment objectives. Top fund categories available include equity funds, fixed income funds, target date funds and tax-advantaged municipal bond funds. Many of the mutual funds available at Webster Bank have no transaction fees or sales loads, providing cost efficiency for investors.
Annuities
For investors seeking guaranteed income in retirement, Webster Bank provides access to fixed, index and variable annuities. Their annuity specialists work with major insurers like AIG, Jackson National, Lincoln Financial and others to offer a range of annuity products. These products can provide clients with a predictable stream of income through retirement along with other benefits like principal protection and legacy planning. The guaranteed income provided by annuities can be an important component of a diversified retirement portfolio.
Retirement Accounts
Webster Bank offers Individual Retirement Accounts (IRAs) to help clients save for retirement in a tax-advantaged way. Traditional and Roth IRAs are available with a wide selection of investment options. The bank also provides SEP IRAs, SIMPLE IRAs and other retirement plans for small business owners. For 401(k) plans, Webster Bank’s retirement services division can act as trustee and custodian. They work closely with plan advisors to administer 401(k) plans on behalf of employer clients.
Financial Planning and Advice
In addition to investment products, Webster Bank offers comprehensive financial planning services to help clients analyze their full financial picture and work toward their goals. This can include retirement planning, education planning, insurance analysis, tax strategizing and estate planning. Webster Bank’s financial advisors take a goals-based planning approach tailored to each client’s unique needs and aspirations. Their team can provide both one-time plans and ongoing advisory relationships.
Webster Bank provides a full suite of investment products and services to meet the diverse needs of individual and business clients. By integrating banking and investments, Webster Bank allows clients to seamlessly manage their financial lives in one place.