2020 was the year when required minimum distributions (RMDs) were not required from IRAs and qualified retirement plans. Given the economic uncertainty of the economy and the volatility of the financial markets, Congress wanted to give everyone maximum flexibility in...
read moreArvest Wealth Management announced today that its assets under management surpassed the $14 billion mark as of year-end 2020. Arvest Wealth Management, which offers wealth management, trust, investment, and insurance products and services, has investment and trust...
read morePeople often think of a recipient of sudden windfall as someone like those that won the huge jackpots from the Powerball and Mega Millions last month; however, most sudden windfalls do not come from lotteries or gambling and are not huge sums. Most recipients are...
read moreBeing in jeopardy is not an unfamiliar state for a business, as they are constantly evolving to survive, retain key talent, and adjust to new circumstances and demands from their customers and partners. The fact that there are always unknowable risks for the owners of...
read moreNew Year’s resolutions often don’t stay in our minds long, and then reappear as the year ends to be supplanted by new ones. Do New Year’s resolutions work for you? If not, then you are in the majority. Goals are usually fulfilled or dropped as new problems arise that...
read moreArvest Wealth Management is pleased to announce two of its associates – Alain Monkam and Kenny Wasson – recently were named as recipients of American Bankers Association’s inaugural 40 Under 40 in Wealth Management Award. The new American Bankers Association (ABA)...
read moreInvestors planning substantial gifts to children or grandchildren may be considering whether or not to give stocks or sell the stocks and give the cash to alleviate the management concerns for the recipients. This article explores some of the unique benefits that may come with gifting the stocks directly, and introduces the strategy of using the annual gift tax exclusion as an estate planning method.
read moreJoin us for our monthly Cannon Institute update, hosted by Arvest Wealth Management. All Cannon Institute Teleconference Series will feature estate planning topics and a live discussion by leading authorities in wealth management. Participants will have the...
read moreAs year-end comes about, there are time-sensitive decisions to make and tax incentives to capitalize on. With a year that has had as much volatility as 2020, nimbleness may be the order of the day. Such volatility makes portfolio management and portfolio tax planning...
read moreSome have dubbed 2020 the year of “black swans,” a reference to statistician and philosopher Nassim Nicolas Taleb’s theory about events that exist outside of mathematical models because they are so extreme. In his 2007 book, The Black Swan, Professor Taleb looked at...
read moreEveryone needs a plan for retirement. The biggest opportunities and the best tax breaks come with employer-sponsored qualified retirement plans. Studies show that giving employees access to a qualified plan: Helps attract and retain skilled employees. Boosts employee...
read moreSome say “money can’t buy happiness”, but are they right? A recent study in the scientific journal Emotion did link an increase in assets to increased happiness, but science doesn’t have a definitive answer for us yet. It might have more to do with how money is used...
read moreArvest Bank is pleased to announce Tyler Neal has accepted a position as a client advisor for Arvest Wealth Management in Boone County (Ark.). Neal, who previously worked at the Arvest Wealth Management Solutions Center, will provide financial planning, estate...
read moreArvest Bank is pleased to announce the hiring of John Naudo. He will serve as an investment officer for Arvest Wealth Management in Bentonville, Ark. Naudo began his career in finance in 1994 in London and emigrated to the United States in 2009. At that time, Naudo...
read moreSophisticated scammers are determined, diligent, and are relentlessly coming up with new ways to gain people’s trust and confidence in order to steal their assets. In 2019, over 3.2 million fraud reports were submitted to the Federal Trade Commission, and many...
read moreIn December of 2019, the Secure Act substantially changed the Required Minimum Distribution (RMD) rules. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted, which significantly modified those provisions, as well as adding...
read moreArvest Wealth Management announced today that its assets under management surpassed the $13 billion dollars mark as of year-end 2019, and that it successfully completed the first phase of its move to a new customer and clearing platform. Arvest Wealth Management,...
read moreThe Setting Every Community Up for Retirement Enhancement (SECURE) Act was grafted onto a government spending agreement in December, and it took effect on January 1 of this year. The new legislation provides several enhancements and tax benefits for more retirement...
read moreBetraying someone’s trust is considered one of the most serious offenses that a person can commit. Though it is rare, there are true stories of family members or friends attempting to steal trust assets or abusing their position as trustee in real life. The more...
read moreArvest Bank is pleased to announce it has promoted Blake Burgess as an Arvest Wealth Management client advisor in Springdale. Burgess has worked at Arvest since May 2018, most recently serving as part of the Arvest Wealth Management Solutions Center group in Lowell....
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