continued In recent turbulent times, Trustco has been working to ensure that its clients’ investments are not only secure, but smart. Trustco is focusing on short-term maturity bonds, and when it comes to mutual funds there is a rigorous screening process to ensure they are not only solid earners, but free of front-end and back-end fees.
“The bank is totally independent of all of these fund companies, and we like it that way,” LaPorta added.
While investing in stocks, buying bonds or starting a trust used to be the domain of the super-rich, times have changed. LaPorta emphasized no one should consider themselves unqualified to start investing their money right away.
“We have individuals who are high net worth individuals. But then we have a lot of individuals who are just everyday people … who are out there working and trying to save and invest,” he said. “It’s never too soon or too late to start investing, and it’s never too small to start investing.”
Learn more about Trustco Bank’s Financial Services Department at trustcobank.com. Contact Pat LaPorta at 518-381-3644 to meet with them for a free review at any one of Trustco’s branches.