No commissions, no ads, no advice. This Truist Wealth profile draws only on public records, each linked so you can confirm it yourself.

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The short answer: is Truist Wealth a fiduciary?

It depends on your account: Truist Wealth is a fiduciary in its advisory programs, and follows the Regulation Best Interest standard as a broker. Publicly, it files with the SEC as Truist Advisory Services (CRD #283390). As of its latest Form ADV (filed August 30, 2026), the firm reported $77.4 billion in regulatory assets under management. It counts 129,307 clients by type (Item 5.D), the same total it reports as client accounts (Item 5.F). Its Form ADV (Item 5.E) lists how it is paid: a percentage of assets under management and fixed fees. Every line here traces to a public filing you can pull yourself in a few minutes.

Truist Wealth is a dual registrant, so the standard of care changes with the type of account you hold. In its advisory programs it acts as an investment adviser with a fiduciary duty. In brokerage accounts it acts as a broker-dealer under Regulation Best Interest (a best-interest obligation at the time of a recommendation, not a continuous fiduciary relationship). If you're unsure which standard applies to you, simply ask which type of account you hold. Get started with Truthifi

What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)

Truist Wealth at a glance

✅ Verified from public filings, last checked October 5, 2026. Truist Wealth (SEC CRD #283390) is a fiduciary in its advisory programs, on a fee-based basis, with $77.4 billion in regulatory assets under management. Every figure below links to its primary source.

What	Truist Wealth	Source
SEC CRD	#283390	IAPD
Registration	Investment adviser and broker-dealer (dual registrant)	IAPD
Registered since	May 18, 2016 (SEC)	IAPD
Fiduciary?	Yes in advisory programs, Reg BI in brokerage	SEC Reg BI
Fee model	Fee-based (commissions + advisory)	Form ADV Item 5.E
How it's paid	A percentage of assets under management and fixed fees	Form ADV Item 5.E
Regulatory Assets Under Management	$77.4 billion (Form ADV filed August 30, 2026)	IAPD
Client accounts	129,307 (114,918 discretionary)	IAPD
Employees	2,461 (2,360 in advisory roles)	IAPD
Ownership	Parent-owned	Form ADV Schedule A
Disclosures	Records carry disclosure items (common at this size). Review them directly	IAPD
HQ	Atlanta, GA	IAPD

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Truist Wealth fees: what you'll pay

At a dual registrant like Truist Wealth, your bill depends on which side of the firm holds your money. Truist Wealth fees depend on the account type: commissions in a brokerage account, an asset-based fee in an advisory program. In a brokerage account, costs generally take the form of commissions and product charges, such as mutual fund sales loads, markups and annuity commissions. In an advisory program, you instead pay an asset-based advisory fee plus the underlying fund expenses, rather than per-trade commissions. Its Form ADV (Item 5.E) lists how it is paid: a percentage of assets under management and fixed fees.

"Fee-based" means the cost can come from either an advisory fee or commissions, depending on the account. That differs from a fee-only financial advisor, who is paid only by clients.

Our view: before you sign anything, ask Truist Wealth to state in writing which of your accounts are advisory and which are brokerage, with the fee schedule for each. That one answer settles both the standard of care and the cost. (Are you paying too much? Why that might be the wrong question)

Who owns Truist Wealth, and what conflicts does it disclose?

Truist Wealth sits inside a bank holding company, and its SEC filings say which one. Truist Wealth is owned by Truist Financial Corporation, as listed in Schedule A of its Form ADV. (Form ADV Schedule A)

Its Form ADV Part 2A describes the firm's conflicts of interest, including how it and its advisers are paid.

Truist Wealth SEC record: disclosures

To check Truist Wealth's regulatory record, start with the firm's own filings. Like most large firms, Truist Wealth's regulatory records may carry disclosure items. At that scale, the number of disclosures is not by itself a measure of wrongdoing or of the firm's quality. Raw counts tend to rise with headcount, and with 2,461 employees on its Form ADV, a total alone says little; the nature and date of each item tell you more. If any matter to you, read them directly at the source. Whatever Truist Wealth disclosures exist live on the public record. Review it in context at the source rather than taking someone else's summary of it.

On the record, per its Form ADV, the firm has been registered with the SEC since May 18, 2016, makes notice filings in 52 jurisdictions, and reports 2,461 employees. Of those, 2,360 work in investment advisory roles, about 96% of staff. If you're asking "is Truist Wealth legit?", start with registration: a public CRD and filings anyone can pull. That confirms it's a real, regulated adviser. Fit for your own needs is a separate question from that.

Reading Truist Wealth reviews against the public record

Star ratings and client comments usually describe one branch or one advisor at a bank-owned firm of this size. They typically don't reflect what the firm reports to regulators. Before you weigh Truist Wealth reviews, check three things this profile takes from the public record. First, how the firm is paid: advisory accounts and brokerage accounts are paid differently, so the standard that applies depends on your account. Second, who owns it and what conflicts it discloses. Third, whether its Form ADV reports any disciplinary history. Read reviews alongside the record, not instead of it.

How to verify Truist Wealth yourself

Here's how to confirm all of it in three steps:

1. Check the SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/283390.
2. Read the filings (Form ADV / Form CRS): linked from the IAPD page.
3. Confirm the entity: match Truist Wealth (CRD #283390, legal name TRUIST ADVISORY SERVICES, INC.) so you're reading the right firm.

The same steps work for any firm in the Truthifi /advisors hub.

What Truist Wealth does and who it serves

On its Form ADV, Truist Wealth reports providing financial planning, portfolio management for individuals, small businesses and institutions, selection of other advisers, and newsletters.

It reports providing financial planning to about 5,600 clients in its last fiscal year (Form ADV Item 5.H), a count the form keeps separate from the client totals below.

According to its Form ADV (2026), Item 5.D breaks its clients down by type, 129,307 in all:

Client type	Clients	Assets managed
Individuals	93,619	$23.06 billion
High-net-worth individuals	32,526	$47.62 billion
Banking or thrift institutions	5	$26.9 million
Pension and profit-sharing plans	147	$39.6 million
Charities	75	$63.6 million
State or municipal government entities	6	$43 million
Corporations or other businesses	2,186	$5.49 billion
Other	743	$1.05 billion

It reports 129,307 client accounts, 114,918 discretionary (the firm can trade without seeking your approval first) and 14,389 non-discretionary (Item 5.F). That puts roughly 89% of accounts on discretion. Its main office is in Atlanta, GA.

One pattern in the table is easy to miss. High-net-worth individuals are about 25% of clients but hold about 62% of the assets, according to Item 5.D. Other individuals make up about 72% of clients with under a third of the assets. If your balance sits in that larger group, it's fair to ask whether breakpoints or negotiated rates apply to you.

It reports it does not itself take custody of client assets, though a related person does (Form ADV Item 9.B).

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Vetting the firm is quick. Seeing your whole financial picture is the part that pays off.

Confirming Truist Wealth is registered takes a few minutes. We've found that even a seasoned advisor works from what reaches their desk, and that's rarely the whole picture. A rollover left behind or a partner's accounts often arrive separately, in clashing formats. This is where Truthifi comes in.

Checking Truist Wealth's record is quick. Checking your own Truist accounts is the next step.

Confirming Truist Wealth is registered takes a few minutes. Because it is a dual registrant, one household can hold both advisory and brokerage accounts at the firm, each priced differently. Statements may not line those costs up side by side. This is where Truthifi comes in.

How Truthifi can help

Truthifi links your accounts read-only. It shows what you own, how it's allocated, how it's performing and where the risk sits. That includes single-stock exposure and returns next to a benchmark. You also get a fee breakdown of the fees on each account, by type. And you see your Truthifi Score. You can share the accounts you choose with your advisor at Truist Wealth.

Prefer your own AI? A paid Truthifi plan lets you connect an AI assistant that supports MCP sign-in, such as Claude. Truthifi Connect is the lighter membership for people who only want to use their own assistant. Questions about your fees need Monitoring or Monitoring Plus+. See how Truthifi keeps your accounts secure

Ask AI about your Truist Wealth accounts

Once your accounts are connected read-only, you can ask in plain English:

• "What do I own across my Truist Wealth accounts and everything else, and how is it allocated?"
• "What am I paying in fees across all of these accounts?"

Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).

Seen side by side, an advisory account and a brokerage account at the same firm can tell two different cost stories. That gap is often the most useful question to bring to your next review with Truist Wealth.

No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free. Per Truthifi's published plan limits, you can link up to 10 connections. Plans and limits are on the pricing page → truthifi.com.

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FAQ

Is Truist Wealth a fiduciary? It depends on your account. In its advisory programs it acts as a fiduciary. In brokerage accounts it follows the SEC's Regulation Best Interest standard. Ask which type of account you have.

What are Truist Wealth's fees? They depend on the account. Brokerage accounts generally pay commissions and product charges. Advisory programs charge an asset-based fee instead of per-trade commissions, plus underlying fund costs. See the Form CRS.

Who owns Truist Wealth? Truist Wealth is owned by Truist Financial Corporation, as listed in Schedule A of its Form ADV.

Does Truist Wealth have complaints or disclosures? Its regulatory records may carry disclosure items, as is common at its size. A disclosure is not proof of wrongdoing. Read any directly on BrokerCheck and the firm's Form ADV.

Is Truist Wealth legit? Truist Wealth is registered with the SEC (CRD #283390) and its filings are public on the SEC's IAPD site, which confirms it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.

Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. With a paid plan or Truthifi Connect, you can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.

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About this profile

Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.

Read next from the Truthifi blog

• What is a fiduciary?
• Fee-only financial advisor: costs and how to find one
• Are you paying too much? Why that might be the wrong question
• How to ask AI about your real investment accounts
• Robo-advisor vs. human financial advisor: which is better?
• All advisor fact packs on Truthifi

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A note on sources. The facts on this page come from publicly available documents, Truist Wealth's SEC and FINRA filings, each linked inline so you can verify it yourself (SEC data current as of October 5, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with Truist Wealth. Regulatory records change, so always confirm against the official sources linked above. Spot something that should be corrected? Email us at support@truthifi.com.