Arie Korving

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Personal Finance, Retirement, Investing
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“Arie Korving has been helping people plan for retirement for three decades. Guiding multigenerational wealth transfer, he has written a book on wealth transfer called BEFORE I GO, PREPARING YOUR AFFAIRS FOR YOUR HEIRS. He and his son established their independent RIA to serve their clients as fiduciaries. ”
Firm:

Korving & Company LLC

Job Title:

Chairman

Biography:

Arie Korving spent 20 years in industry before deciding that investing was his true passion. As an Honors graduate from Michigan Tech with a degree in Chemistry, he took his analytical skills to unravel the intricacies of the stock market.  Not long after entering the investment industry with Kidder, Peabody he experienced “Black Monday,” the stock market crash of 1987, which still ranks as largest one-day market crash in history, the Dow losing 22.6% of its value on October 19th 1987.  It taught him a very valuable lesson: be very skeptical of Wall Street’s promises and always carefully examine what can go wrong.  During his time as an advisor and portfolio manager he has experienced a number of other market cycles and has developed an investment philosophy that attempts to control risk while obtaining a fair rate of return. Prior to establishing his own investment firm, he was a Vice President and Senior Portfolio Manager for a major Wall Street Investment firm.  

He believes in keeping it simple and educating his clients. He believes in transparency, with simple, easy to understand fees and no hidden compensation.  As an independent RIA (Registered Investment Advisor), he is able to perform services for his clients that go beyond financial issues. He has gone car shopping for them and helped them decide on an appropriate retirement home.  He is the trusted advisor for numerous widows who have lost husbands that managed the family investments. His experience in helping widows who lost their husbands prompted him to write his popular book BEFORE I GO, PREPARING YOUR AFFAIRS FOR YOUR HEIRS designed to make the passing of a loved one less traumatic for those left behind. He believes in consistency, telling his clients what he is going to do and then delivering on his promises.

He has been joined in the business by his son, Stephen Korving, a graduate of Virginia Tech with a degree in finance.  Before joining his father, Stephen spent years with Cambridge Associates, one of the country’s premier investment management consulting firms advising foundations and wealthy families on asset allocation and manager selection.

Arie lives with his wife, Mary in Chesapeake, Virginia and is the proud father of his daughter, Marianne, his aforementioned son, Stephen, and his four grandchildren.  He is an avid reader and amateur historian.

Education:

BS, Chemistry, Michigan Technological University

Fee Structure:

Fee-Only

CRD Number:

1528270

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July 2016
    Estate Planning, Lifestage Based Planning
April 2017
    Estate Planning, Income Tax, Retirement, Taxes
April 2016
    End of Life, Senior Care, Women & Money
October 2016
    Long-Term Care Insurance, Financial Planning, Senior Care
March 2017
    401(k), Retirement Savings, Social Security

All Answers
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How do I choose a good trust company as a trustee?
100% of people found this answer helpful

Without more information I’m unable to answer your question.  If we were having a conversation my first question would be to ask why you wish to establish a trust.  If there is a good reason for establishing a trust my next question would be to ask why you want to use a trust company as a trustee. 

You may find that you can create a perfectly good estate plan without a trust.  And if you create a trust and fund it you may not need a trust company as trustee.

I suggest that you meet with a good financial planner who can explain the ins and outs of estate planning and trusts and can provide you guidance on this issue.

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