Advisory services offered through Texas Capital Bank Wealth Management Services, Inc. d/b/a Texas Capital Bank Private Wealth Advisors (“TCBPWA”), a wholly owned subsidiary of Texas Capital Bank, and a registered investment advisor with the Securities and Exchange Commission (“SEC”). SEC registration does not constitute an endorsement of the advisory firm by the SEC nor does it indicate that the advisory firm has attained a particular level of skill or ability. Investments and insurance products are not insured by Bank insurance, the FDIC or any other government agency; are not deposits or obligations of the Bank; are not guaranteed by the Bank; and are subject to risks, including the possible loss of principal. Trust and Private Banking services offered through Texas Capital Bank.

The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an index representing 30 stocks of companies managed by S&P Dow Jones Indices. The Russell 2000 Index is an unmanaged index of small cap securities maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. The NASDAQ Composite Index is an unmanaged index of all stocks traded on the NASDAQ over-the-counter market. The MSCI EAFE (Europe, Australasia and Far East) is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the United States and Canada. The EAFE consists of the country indices of 21 developed markets. The MSCI Emerging Markets is designed to measure equity market performance in 24 emerging market countries. The index's three largest industries are materials, energy and banks. The Barclays U.S. Aggregate Bond Index is an unmanaged index of domestic investment-grade bonds, including corporate, government and mortgage-backed securities. The ICE Merrill Lynch Intermediate 3- to 15-year Investment Grade Municipal Index measures the performance of municipal bonds with maturities between three and fifteen years.  Inclusion of these indices is for illustrative purposes only. Individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Accordingly, comparisons against the indices may be of limited use.

All content available on this email is general in nature, not directed or tailored to any particular person, and is for informational purposes only. Neither this email nor any of its content is offered as investment advice and should not be deemed as investment advice or a recommendation to purchase or sell any specific security. 

The information contained herein reflects the opinions and projections of TCBPWA as of the date hereof, which are subject to change without notice at any time. TCBPWA does not represent that any opinion or projection will be realized. The information contained herein has been obtained from sources considered reliable, but neither TCBPWA nor any of its advisors, officers, directors or affiliates represents that the information presented on this email is accurate, current, or complete, and such information is subject to change without notice. 

The information contained in this email does not purport to be a complete description of the securities, markets, or developments referred to in this material. Any performance information must be considered in conjunction with applicable disclosures. Past performance is not a guarantee of future results. 

Neither this email nor its contents should be construed as legal, tax, or other advice. Individuals are urged to consult with their own tax or legal advisors before entering into any advisory contract. Brokerage services are offered through Kingswood Capital Partners, LLC, Member FINRA/SIPC, and are not insured by bank insurance, the FDIC, or any other government agency; are not deposits or obligations of Texas Capital Bank; are not guaranteed by Texas Capital Bank; and are subject to risks, including the possible loss of principal. Individual investor’s results will vary. Investing involves risk, and you may incur a profit or loss regardless of the strategy selected.

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