Wealth Management

Common Cents for November 2, 2018

November 1, 2018, by John Norris

The opinions expressed herein are those solely of John Norris, and do not necessarily reflect the views or opinions of Oakworth Capital Bank, its management, its ownership, or its associates. The $64,000 Question here at the end this week is: “who is going to win the midterm elections this upcoming Tuesday?” I am going to go out on a very short limb and say the media outlets will, as millions of us will tune into the...

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Incentive Trusts – Keeping a Steady Hand on the Tiller

October 24, 2018, by John Norris

How you chose to pass down your wealth to future generations is very important.  Whether it be children, grandchildren, or great-grandchildren, a strong legacy is a wonderful way to ensure the future success of your heirs.  However, establishing your estate plan can be extremely worrisome as the legacy you’ve established is no longer in your hands.  Many tend to worry that a large amount of money could encourage those left behind to make decisions you...

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3rd Quarter Economic Update

October 22, 2018, by Lindsey Owens Krausen

As the last several weeks have demonstrated, the current economy and markets are not for the faint of heart. We will continue to see volatility, which will be exceedingly unpleasant at times, for no other reason than the current economic expansion and Fed tightening cycle are getting a little long in the tooth. Or in a tip of the cap to the baseball playoffs, perhaps I should say we are entering the latter innings of...

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Dear John

, by Lindsey Owens Krausen

Chief Economist, John Norris, answers the most commonly asked questions. Dear John, What kind of impact do you think the midterm elections will have on the US economy and markets? I have long maintained politicians get too much blame for the bad times and too much credit for the good. The upcoming elections will NOT change that conviction. Discussing politics is always a slippery slope, but I have run what you could only call ‘Monte...

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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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