Wealth Management

Fed Raises Rates

September 26, 2018, by John Norris

This afternoon, the Federal Open Market Committee (FOMC), the monetary policy making arm of the Federal Reserve, raised the overnight lending target 0.25% (25 basis points) from 2.00% to 2.25%. This was as expected, as the futures market had been giving it a 100% probability for some time now. The only real question was: will the Fed give us any idea about the next move(s)? As is usually the case, it did and it didn’t....

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Estate Planning Checklist

September 10, 2018, by John Norris

You might be surprised by the number of successful people who don’t have an updated will. I recently spoke with someone whose most recent one dated from when their now 40-year old child was in diapers. Obviously, a lot has changed in their financial picture over the last four decades. I will be blunt: drawing up a will and devising an estate plan isn’t a lot of fun, and not just because a lawyer is...

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Trusting Others to Take Control

August 27, 2018, by John Norris

One of the more uncomfortable things to do is face your mortality. Talking about death, dying, and even physical and/or mental incapacity isn’t anyone’s idea of a good time. That is why many people put off estate planning as long as they possibly can. In a lot of ways, this is the financial equivalent of the proverbial ostrich burying their head in the sand. You can ignore the inevitable, but that doesn’t mean it isn’t...

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Investing for Impact

August 13, 2018, by John Norris

Socially conscious investing isn’t a new concept. In fact, it has been around for a long time. Initially, it was mainly a way for faith-based groups to shy away from things like alcohol, tobacco, and even pornography. However, it has morphed over time to include geopolitics, environmental causes, and a litany of other topics or areas of concern. However, due to the nature of corporate America, sometimes it isn’t easy to determine whether a company...

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Meet the Oakworth Summer Intern Associates

July 31, 2018, by Lindsey Owens Krausen

Alexander Mitchell This summer at Oakworth I was able to truly be a part of the team and see all the different facets and roles of each department. Over the course of the internship I took on various projects and was given real responsibilities. In my first rotation I was able to dive into the three different financial statements paired with Moody’s Analytics software for asset base lending. This project was something that I found...

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Millennials: Is It Time for a Plan?

, by John Norris

Millennials often get an undeserved bad rap. Older folks call them entitled and lazy, just like the prior generations call them. However, let’s face it: our young people are growing up in a hypercompetitive world, and our society arguably hasn’t done a great job indoctrinating them into the free enterprise system and stacking the deck against them. We can point our fingers of blame any which way, but it won’t solve anything. At some point,...

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A Checklist for Surviving Spouses

July 16, 2018, by John Norris

According to experts, the death of a spouse is the most stressful life event one can have. Whether it is unexpected or imminent, death is always a surprise. However, putting your financial house in order afterwards doesn’t have to be. The following checklist highlights a few things will help ease a small part of the stress during the grieving process. While it is no means exhaustive, crossing off these items will help you feel like...

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Your Retirement Checklist

July 2, 2018, by John Norris

Let me start by saying: there is NO universally accepted amount of money on which to retire.  You can retire on as much or as little as you wish, as long as you are comfortable with what you have. With that said, the more you have, the less your lifestyle will change and, laughingly, the more your children will visit. Since there isn’t really an optimal dollar amount, there isn’t really a perfect way of...

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