Arie Korving

Personal Finance, Retirement, Investing
“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. ”

Korving & Company LLC

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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.


BS, Chemistry, Michigan Technological University

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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
March 2017
    401(k), Retirement Savings, Social Security
March 2017

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    Debt, Personal Finance
Why is paying off debt always the biggest priority to advisors?
80% of people found this answer helpful

There may be a failure to communicate here. When I discuss goals with clients, we talk about things in their lives that they would like to achieve. These may include goals such as a comfortable retirement, or intermediate goals like home ownership, or paying for college.

Debt is one of those things that obstruct or interfere with the attainment of those goals. If the debt is large enough and the cost of that debt is high enough, it can make those goals unattainable. Think of debt and debt service as the inverse of saving and investing. If debt service is high, such as the interest rate on credit card debt (often in the 20% range), paying off that debt is like getting a 20% return on the amount you are indebted.

Without debt, you are not experiencing the “drag” that is the cost of servicing that debt which is interfering with the attainment of your financial goals. That does not mean that people can’t save, invest, and accumulate assets before they have paid off all their debts. They may want a home because they need a place to live, and take out a mortgage because they can’t pay cash. They may buy a car and take out an auto loan because they need transportation.  Credit card debt is one of the most common types of debt, and the worst, because the cost of that kind of debt is so high. It may well be an indication that people are living beyond their means. Credit cards should be used as a convenience, not as a way of living large.

As those debts build up and servicing those debts takes a larger portion of your income, it makes it much harder to accumulate wealth.

Does that make sense?

March 2017
How did the financial crisis affect the banking sector?
78% of people found this answer helpful
July 2016
    Financial Planning, Retirement, Investing, Asset Allocation
Where should I hold my cash for safety?
78% of people found this answer helpful
March 2016
What are unrealized gains and losses?
78% of people found this answer helpful
August 2016
    Debt, Personal Finance
When should I use a credit card?
78% of people found this answer helpful
March 2016