At Hancock Investment Services, our philosophy focuses on different phases of life. We are committed to our mission of helping you achieve your financial goals and dreams. We create customized plans for you that assist you in all phases of growing, protecting and distributing wealth. We employ this tested philosophy to ensure that the right mix of assets is used to create a truly customized investment plan that meets your needs.
Once we have a thorough understanding of what your needs are and what you have in place financially to meet those needs, we conduct a risk analysis to determine if your existing investment mix can achieve your goals. If changes are needed, we will work with you to create an individualized strategic asset allocation plan.
An annuity is a contract between you and an insurance company that is designed to meet retirement and other long-range goals, under which you make a lump sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date. (sec.gov)
Fixed: An investment that provides a return in the form of fixed periodic payments either for life or for a specified term to the annuitant and the eventual return of principal at maturity. (Barron’s Dictionary of Finance and Investment Terms, 2nd Edition)
Indexed Annuity: The insurance company credits you with a return that is based on changes in an index, such as the S&P 500 Composite Stock Price Index. Indexed annuity contracts also provide that the contract value will be no less than a specified minimum, regardless of index performance. (sec.gov)
Variable: An insurance contract the value of which may fluctuate in value with that of an underlying securities portfolio or other index of performance. Income may be taken immediately, periodically, or at a future time. The income payments can vary depending on the performance of the managed portfolio. (Barron’s Dictionary of Finance and Investment Terms, 2nd Edition)
Immediate: An annuity that the annuitant purchases with a lump sum payment and from which he/she begins to receive payments immediately. An annuitant often buys an immediate annuity after he/she has reached retirement age and wishes to receive his/her savings or other money in an organized manner. (Financial-Dictionary.com)Back to Top
A mutual fund is a type of investment company that pools money from many investors and invests the money in stocks, bonds, money market instruments, other securities or even cash. (sec.gov)Back to Top
Ownership of a corporation is indicated by shares, which represent a piece of the corporation's assets and earnings. (NASDAQ.com)Back to Top
Bonds are debt and are issued for a period of more than one year. The U.S. government, local governments, water districts, companies and many other types of institutions sell bonds. When an investor buys bonds, he or she is lending money. The seller of the bond agrees to repay the principal amount of the loan at a specified time. Interest bearing bonds pay interest periodically. (NASDAQ.com)
Municipal Bond: State or local governments offer muni bonds or municipals, as they are called, to pay for special projects such as highways or sewers. The interest that investors receive is exempt from some income taxes. (NASDAQ.com)
Corporate Bond: A debt security issued by a corporation and sold to investors. The backing for the bond is usually the payment ability of the company, which is typically money to be earned from future operations. In some cases, the company's physical assets may be used as collateral for bonds. Corporate bonds are considered higher risk than government bonds. As a result, interest rates are almost always higher, even for top-flight credit quality companies. (Investopedia)
Government Bond: A debt security issued by a government to support government spending, most often issued in the country's domestic currency. Government debt is money owed by any level of government and is backed by the full faith of the government. Federal government bonds in the United States include savings bonds, Treasury bonds, Treasury inflation-protected securities (TIPS) and others. Before investing in government bonds, investors need to assess several risks associated with the country, such as country risk, political risk, inflation risk and interest rate risk. (Investopedia)Back to Top
Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value. (NASDAQ.com)Back to Top
Term: A policy with a set duration limit on the coverage period. Once the policy is expired, it is up to the policy owner to decide whether to renew the term life insurance policy or to let the coverage end. This type of insurance policy contrasts with permanent life insurance, in which duration extends until the policy owner reaches 100 years of age (i.e., death). (Investopedia)
Universal: A type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element (like whole life insurance), which is invested to provide a cash value buildup. The death benefit, savings element and premiums can be reviewed and altered as a policyholder's circumstances change. In addition, unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his or her accumulated savings to help pay premiums. (Investopedia)
Variable Life: A form of permanent life insurance, variable life insurance provides permanent protection to the beneficiary upon the death of the policyholder. This type of insurance is generally the most expensive type of cash-value insurance because it allows you to allocate a portion of your premium dollars to a separate account comprised of various instruments and investment funds within the insurance company's portfolio, such as stocks, bonds, equity funds, money market funds and bond funds. In addition, because of investment risks, variable policies are considered securities contracts and are regulated under the federal securities laws; therefore, they must be sold with a prospectus. (Investopedia)
Whole Life: A type of employer-sponsored protection against the loss of income in the event the insured becomes deceased. Wholesale life insurance is a variation on group life insurance that is offered by employers. It differs from group life insurance in that employees apply for and own their own policies with wholesale life insurance. (Investopedia)
Long-Term Care: Coverage that provides nursing-home care, home health care, personal or adult day care for individuals above the age of 65 or with a chronic or disabling condition that need constant supervision. LTC insurance offers more flexibility and options than many public assistance programs. (Investopedia)
Disability: A program managed by the Social Security Administration that insures a worker in case of a mishap. Disability insurance offers income protection to individuals who become disabled for a long period of time and as a result can no longer work during that time period. Employees who've paid the Federal Insurance Contributions Act (FICA) tax for a certain amount of time are eligible to receive the Social Security disability income insurance. (Investopedia)Back to Top
A periodic review of a customer’s investment accounts will reveal if their investments are on track to achieve financial goals. An advisor at Hancock Investments Services, Inc. can evaluate your account to see if it is in line with your goals. Along with this review we conduct a risk analysis to see if your investments are in line with your risk tolerance.
SEP (Simplified Employee Pension) IRA: A retirement plan that employers or self-employed individuals can establish. The employer is allowed a tax deduction for contributions made to the SEP plan and makes contributions to each eligible employee's SEP IRA on a discretionary basis. (Investopedia)
Simple: A retirement plan that can be used by most small businesses with 100 or fewer employees. SIMPLE stands for “Savings Investment Match Plan for Employees.” IRA stands for “Individual Retirement Account.” Employers can choose to make a mandatory 2% retirement account contribution to all employees or an optional matching contribution of up to 3%. Employees can contribute a maximum of $12,000 annually in 2013; the maximum is increased periodically to account for inflation. (Investopedia)
IRA/Roth IRA: Traditional and Roth IRAs are established by individual taxpayers who are allowed to contribute 100% of compensation (self-employment income for sole proprietors and partners) up to a set maximum dollar amount. Contributions to the traditional IRA may be tax deductible depending on the taxpayer's income, tax filing status and coverage by an employer-sponsored retirement plan. Roth IRA contributions are not tax deductible. (Investopedia)
Rollover IRA: A special type of traditional individual retirement account into which employees can transfer assets from their former employer’s retirement plan when they change jobs or retire. The purpose of a rollover IRA is to maintain the tax-deferred status of those assets. Rollover IRAs are commonly used to hold 401(k), 403(b) or profit-sharing plan assets. Rollover IRA funds can later be moved to a new employer's retirement plan. Rollover IRAs do not cap the amount of money an employee can roll over, and they permit account holders to invest in a wide array of assets such as stocks, bonds, ETFs and mutual funds. (Investopedia)Back to Top
An investment account that is owned by an individual investor and looked after by a hired professional money manager. In contrast to mutual funds (which are professionally managed on behalf of many mutual fund holders), managed accounts are personalized investment portfolios tailored to the specific needs of the account holder. (Investopedia)Back to Top
529 Plans: A 529 plan is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary. (Wikipedia)Back to Top
Click here to review the HIS Fee Schedule.
To access historical information regarding your Whitney Securities and Investments accounts, please call Cetera Investment Services (formerly, PrimeVest Resource Center) at (800) 245-0467 ext. 64121.
*Securities are offered through Hancock Investment Services, Inc., and not through Hancock Bank. Hancock Investment Services is a registered broker/dealer, member FINRA/SIPC, and a wholly-owned subsidiary of Whitney Bank. Insurance products are offered by various insurance company affiliates of Hancock Investment Services, Inc.
NOT A DEPOSIT.
NOT FDIC INSURED.
NO BANK GUARANTEE.
MAY GO DOWN IN VALUE.
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.
The investments offered by Hancock Investment Services, Inc., and its subsidiaries are not deposits with or obligations of the bank, are not guaranteed or endorsed by the bank or its affiliates, and are not insured by the FDIC, the Federal Reserve Board or any other government agency. Purchases of non-deposit products, including mutual funds and annuities, involve investment risks, including the possible loss of principal of amounts invested.
Products offered through Hancock Investment Services, Inc., are only offered in state jurisdictions in which Hancock Investment Services, Inc., is a registered broker/dealer. The information herein is not an offer to sell or a solicitation to buy any securities in any state jurisdiction in which such offer or solicitation is not authorized.
SEC Rule 606 - Quarter Ending December 31, 2015