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Investment Services
Decorative Picture

No doubt about it. The Market is magnificent when it's on a rocket path. Problem is, it's prone to hiccups, and seizures, even free falls. Why make yourself crazy? Talk to a Provident Bank Investment Services Financial Consultant instead. We'll help you make sense of it. And if you have a financial plan, wouldn't it feel good to have a second opinion? After all, we've made a long career of avoiding all the risky business. At Provident, we have a lineup of products with healthy rates to pump your money up surely, steadily, and smartly. Let us be your partner in your wealth management strategy.

With the variety of investments currently available, you need the knowledge and experience to make careful investment decisions in order to achieve your long-term goals. You can gain access to a full array of products and services through an Investment Services Financial Consultant at Provident Bank.

Fixed Rate Annuities

An annuity is a contract with an insurance company that allows one to save for their retirement and defer taxes on earnings until you request a distribution or receive an income. However, the funds will be subject to income tax. There is no limit to one's investment as there is with a 401(k) and Individual Retirement Account.

Annuities can offer regular monthly or quarterly income for the rest of one's life. They also have options that include a death benefit, which guarantees that when an annuity holder dies, heirs get at least the amount originally invested and sometimes more.

A fixed annuity has a guaranteed fixed rate of return. The interest rate is usually higher than money market or certificate rates. And, the insurance company guarantees 100% safety of your principal and interest.

Variable Rate Annuities

Are you interested in reducing your taxes, while also benefiting from the growth potential of the stock market? If so, then consider a Variable Annuity.

Variable rate annuities are retirement savings products that combine the benefits of investing in the stock market with the protection options of life insurance.

A variable rate annuity is a contract between an investor and a life insurance company. With a variable rate annuity, you have the opportunity to invest in a range of "sub-accounts"*. They are professionally managed investments that include a range of securities. You can select the sub-accounts that best reflect your investment needs: growth, income, etc.

A variable rate annuity also allows for transfer privileges enabling you to move your money from one sub-account to another as your goals change from growth to income.

Variable annuities allow you to accumulate assets on a tax-deferred basis, so your earnings benefit from being reinvested and compounding for the life of the contract. All earnings are taxed at withdrawal**, rather then when earned.

Many of today's variable annuities also provide additional protection features for an additional charge, including:

  • Guarantee*** of your original investment amount, to protect your original investment from loss in the event of stock market declines
  • Ability to "lock-in" any market gains at a pre-determined time (typically five years from opening the contract)

To learn more about variable annuities and how they may help you reach your retirement goals, visit any branch of Provident Bank and ask to speak with an Investment Services Financial Consultant.

For more complete information about variable annuities including charges, expenses, investment objectives, operating policies and risks please obtain a prospectus from your Financial Consultant. Please read the prospectus carefully before investing or sending money. Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity and its underlying investment options. The contract prospectus and the underlying fund prospectuses provide this and other important information.

  • * Investments in variable sub accounts will fluctuate and when redeemed, may be more or less than their original value.
  • ** All withdrawals of taxable amounts are subject to ordinary income tax and withdrawals made prior to age 59 1/2 may incur a 10% tax penalty.
  • *** Any guarantees are backed by the claims paying ability of the insurer. Policy qualifications and restrictions may apply.
Mutual Funds

Looking for an investment that provides diversification? Then consider a Mutual Fund.

When you purchase shares of a mutual fund, your dollars are invested in a large number of companies all at once, and your investment risk is spread out over many stocks and companies, not just one.

Mutual funds pool money from a range of small investors, to invest in the market. When you invest in a mutual fund, not only do you get diversification*, but you also benefit from the expertise of professional money managers. Each fund has one or more managers who are trained in money management and review the fund's performance and make up on an ongoing basis.

Mutual funds appeal to many investors because of their liquidity: they are readily available and easy to sell. With mutual funds you can cash in your shares, in all or in part, at any time for the current market value. In this way, you always know that you can get access to your funds, should it become necessary**.

Mutual funds offer the opportunity for growth, but also involve certain risks. Over the years, many funds have been proven to perform consistently better than investments made by individuals who may not have the benefit of professional money management, diversification and liquidity***. Therefore, mutual funds are suitable for investing for future needs, like retirement. To learn more about mutual funds and how they may help you reach your long-term financial goals, visit any branch of Provident Bank and ask to speak with an Investment Services Financial Consultant.

For more complete information about mutual fund shares, including charges, expenses, investment objectives and operating policies, and risks please obtain a prospectus from your Financial Consultant. Please read the prospectus carefully before investing or sending money. Investors should carefully consider the investment objectives, risks, charges and expenses before investing and that the prospectus contains this and other information about the investment company.

  • * While diversification is an important risk management tool, it cannot guarantee protection against losses.
  • ** Returns and principal value may fluctuate, resulting in a gain or loss on sale. Proceeds on sales may be less than your original cost. Sales charges may apply.
  • *** Past performance is no guarantee of future results.
Life Insurance

Appropriate life insurance is essential to meeting your future financial obligations. If anyone in your family depends on you it's wise to review life insurance needs. Your Provident Financial Consultant can review your current policies' benefits and costs and make recommendations from a wide selection of non-proprietary top rated carriers.

Long Term Health Care

None of us knows for sure what the future will bring. However, one thing that every retired adult knows is that the probability of needing long-term care increases with age. According to a study published in the New England Journal of Medicine, nearly one in two retired Americans will spend time in a nursing home. And the average nursing home stay is about 2.5 years.

Long-term care can be expensive. It is important to be prepared for the possibility of needing long-term care because none of us wants to spend our retirement years worrying about an uncertain future.

Your Provident Financial Consultant can review your current policies' benefits and costs and make recommendations from a wide selection of non-proprietary top rated carriers.

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: California and Arizona. Securities and insurance products are offered through LPL Financial and its affiliates.
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- INVESTMENT PRODUCTS AND SERVICES -
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE | NOT A DEPOSIT
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY