• Managing jointly held property, life insurance, and retirement accounts
• Paying debts, funeral costs, and taxes
• Handling income, estate, and capital gains tax matters
• Preparing and filing estate tax returns with post-mortem planning
• Coordinating with accountants on final and fiduciary tax returns
• Preparing detailed estate and fiduciary accounting
• Transferring assets to beneficiaries
• Executing complex estate plans
• Providing tax details to beneficiaries
Unique Trust Assets
• Timberland
• Mineral interests
• Closely held businesses
• LLCs
• Commercial property
ADVISORY SERVICES What we do
Managing both the broad view and the complexities of your wealth management needs is our hallmark. Our holistic approach allows us to manage assets not just for today, but for generations.
We aim to address your evolving wealth needs by offering tailored solutions, a comprehensive view of your financial landscape and advanced digital tools. Our goal is to enhance the client experience and help you achieve your financial goals. Oakworth Asset Management offers a comprehensive range of financial planning services – from wealth management and retirement planning to philanthropic strategies, risk assessment and generational planning.
We take a personalized approach to financial planning; our goal is to help you navigate the intricacies of the marketplace, investment opportunities and wealth management.
Financial Planning
There are critical issues that determine our clients financial success. By building a customized wealth management strategy around your unique needs, we are positioned to effectively address these issues. Together, we will help you achieve financial security by growing and protecting your wealth, making a positive impact and planning for the future. Guided Planning Solutions Estate Planning
Guided Planning Solutions
Build Your Financial Foundation
GPS is well-positioned to navigate the journey ahead with an organized planning strategy focused on four critical areas:
INVESTMENT MANAGEMENT What we do
We believe the most critical decision in investing is asset allocation—specifically, how much to invest in stocks versus other assets. Historically, stocks perform well when the economy grows. As such, our investment strategy hinges on our macroeconomic forecast. To guide our approach, we evaluate economic direction, key sectors and the outlook for corporate profitability. Since economic downturns typically follow financial panics, which are rare, we generally maintain a market-weight or overweight in stocks relative to fixed income, assuming all other factors remain equal.
SAFETY SOUNDNESS &
the
This section describes
performance and financial position of Oakworth Capital Bank. Although Oakworth Capital Bank owns Oakworth Asset Management, LLC, the content on the following page does not reflect Oakworth Asset Management, LLC’s financial position.
unaudited, as of June 30, 2025
LEADERSHIP Thought
We believe communication is the key to successful client relationships. While sharing useful information is beneficial, regardless of source, we believe in the value proposition of developing and having our own experts and ideas. By generating our own market commentaries, economic newsletters, topical subject analysis and serials, and even conversational podcasts and videos, we aim to show our clients that we are using our knowledge, creativity and expertise to help them succeed.
Scan our QR code for all of our content or to subscribe to our publications.
Our Podcast Trading Perspectives
In this weekly podcast, Chief Economist John Norris and Portfolio Manager Sam Clement exchange perspectives on the driving factors influencing our economy. Trading Perspectives can be found on Apple Podcasts, Spotify, Google Play, YouTube, and all other major podcast outlets.
Our Blog Common Cents
Started over 20 years ago, Common Cents is a weekly blog written by Chief Economist John Norris detailing and explaining the events that impact our economy. John distills the latest information, attempting to make it easy to understand how these events affect daily life.
Our Magazine
Macro & Market Perspectives
This print and digital magazine is designed to provide education and unique insight into specific factors that are currently driving the economy. Each quarterly issue includes an economic overview as well as updates on the equity and bond markets, asset allocation and relevant economical issues.
MEETOURTEAM
“I HEAR OUR CLIENTS PRAISE OAKWORTH FOR THE QUALITY OF ITS PEOPLE, ITS DISTINCTIVE LEVEL OF SERVICE AND ITS COMMITMENT TO MAKING FINANCIAL SERVICES EASY. BRINGING THE OAKWORTH EXPERIENCE TO THE CAROLINAS AREA WILL BE A HUGE BENEFIT FOR CLOSELY HELD BUSINESSES, PROFESSIONALS AND FAMILIES, AND I’M HONORED TO LEAD THIS EFFORT.”
-TIM BECK MANAGING DIRECTOR, MARKET LEADER
TIM BECK
Managing Director, Market Leader
Office: 704.901.7262
Email: tim.beck@oakworth.com
Mr. Beck brings extensive knowledge and leadership skills to Oakworth Capital Bank, as well as deep roots in the Central Carolinas market. Mr. Beck began his career in the financial services industry in 1988 as a commercial credit analyst with Bank of America (BoA), followed by positions as commercial relationship manager and private banking relationship manager. He has served as market senior lender for the former SouthTrust Bank; corporate lender and business services team leader for BB&T; market manager of home building finance and commercial real estate in North Carolina and South Carolina for First Horizon; regional lending executive for Silverton Bank; senior asset manager for the FDIC’s department of receivership and resolution; and executive vice president and chief credit officer for Aquesta Bank. He also served as chairman of the Chief Credit Officers Peer Committee for the North Carolina Bankers Association. Mr. Beck is a native of Greensboro, NC.
ROBERT MAUND
Associate Managing Director, CFP® Wealth Team Lead
Office: 704.901.7232
Email: robert.maund@oakworth.com
Mr. Maund brings more than 30 years of leadership experience in financial services to Oakworth. Most recently, he was a managing director and senior advisor at Chilton Trust, a nationally chartered wealth management firm overseeing $7 billion in assets, where he focused on strategic planning, client development, and marketing.
He previously spent 27 years with Wells Fargo and its predecessor firms, including roles at Abbot Downing as National Business Development Executive, supporting 13 offices and advising ultra-high-net-worth families. Earlier in his career, he held leadership roles at Wachovia and RBC Centura, where he led advisory teams and helped integrate investment management across platforms.
A
CERTIFIED
FINANCIAL PLANNER®
and Auburn University graduate, Mr. Maund is active in both professional and community leadership, having served as chairman of the Investment Committee at First Presbyterian Church and currently chairing the Board of Visitors at Queens University. He also supports the Alzheimer’s Association and the Boy Scouts of America.
A native of Augusta, Georgia, Robert is an avid golfer and music enthusiast. He and his wife, Mary Brooks, recently celebrated 35 years of marriage, have three adult children, and split their time between Charlotte and Charleston.
PATRICK RAY
Office: 704.901.7260
Email: patrick.ray@oakworth.com
Mr. Ray has a rich family history in banking and it comes as no surprise that he continues to successfully build his own career in the commercial banking space throughout the Central Carolinas. A Cincinnati native, Mr. Ray grew up in Naples, Florida, earning his undergraduate and graduate degrees in Florida. He began his banking career at Fifth Third Bancorp in 2015. In the past eight years with Fifth Third, he worked as a retail personal banker, commercial credit analyst, associate relationship manager and, most recently, commercial relationship manager (assistant vice president). His roles with Fifth Third brought him to the Charlotte area in 2017 after serving relationships throughout Florida.
Mr. Ray serves as vice president for membership of the Charlotte Construction Financial Management Association and supports multiple local charities. He and his wife, Katy, live on a farm outside Charlotte in Cherryville, North Carolina, with their son, Brody. When out of the office, Mr. Ray enjoys spending time with family, working on his farm, bird hunting and being on the lake.
ALICE WOMACK
Managing Director
Private Banking Team Lead
Office: 704.901.7251
Email: alice.womack@oakworth.com
Ms. Womack serves as the Private Banking Team Lead for Oakworth Capital Bank in Central Carolina. Bringing over 33 years of experience in the banking industry, she began her career with Synovus Financial Corporation/First Commercial Bank, where she held the role of Vice President in the Private Client Group. She joined Oakworth’s Central Alabama Private Banking Team in 2015 and continues to provide tailored financial strategies to high-net-worth individuals, corporate and professional executives and their families, as well as to small and mid-sized businesses, professional firms, and nonprofit organizations.
In addition to her professional accomplishments, Ms. Womack has a long-standing commitment to civic engagement. She served two terms on the Mountain Brook City Council in Alabama and is a Past President of both the Mountain Brook City Schools Foundation and the Mountain Brook Chamber of Commerce. A graduate of Leadership Birmingham and the Momentum Women’s Leadership Program, she has also been involved with several community groups, including the Service Guild of Birmingham and the Junior League, where she is a sustaining member in Charlotte.
Now based in North Carolina, Ms. Womack continues her community involvement through her membership in Women Executives and her service on the board of the Mint Museum Auxiliary.
LAURA SNEAD
Office: 704.901.7256
Email: laura.snead@oakworth.com
A native of North Carolina, Ms. Snead is an accomplished and strategic client account manager who has 20 years of experience in private and relationship banking. Her tenure at First Citizens Bank in Charlotte included the roles of vice president, private banking; vice president, premier relationship banking; and licensed financial sales manager.
Prior to her work at First Citizens, she was a financial sales consultant with RBC Bank/PNC Bank. Her consultative approach to identifying growth opportunities and problem-solving in order to help clients succeed dovetails well with Oakworth’s core values. She is passionate about working with mission-driven organizations, providing financial guidance that supports both immediate needs and long-term growth.
In addition to her professional work, Ms. Snead is deeply committed to community leadership. She is the former Board Chair of Girls on the Run Union County and currently serves as President-Elect of the Junior League of Charlotte. She has also trained for triathlons and marathons and teaches cookie decorating classes at Sweet Spot Studio. Her unique blend of discipline, creativity, and service reflects her belief that success is meant to be shared and rooted in community.
SARA JEAN VEATCH
Client Advisor, CFP®
Wealth and Advisory Services
Office: 704.901.7230
Email: sarajean.veatch@oakworth.com
With more than 15 years of experience in wealth management and financial services, Ms. Veatch collaborates with clients on asset allocation and long-term wealth planning across generations. Ms. Veatch is currently working to obtain her Certified Divorce Financial Analyst designation. Before joining Oakworth, she worked for four years at Truist, most recently as wealth strategist and senior vice president in Charlotte. She began her career in private banking at Wells Fargo, first in Charlotte and then in California.
Ms. Veatch and her husband, Justin, have three children: Auggie, Amelia and Harrison. She serves on the Saint Luke’s executive board and serves on the boards of Dilworth Little League and Colonial Village. Ms. Veatch stays active when she isn’t in the office, enjoying pickleball, tennis, golf, going to the beach and touring Charlotte on foot to discover the many parks, restaurants and attractions that Charlotte and Central Carolinas have to offer.
CARSON RECTOR
Associate Credit Advisor
Office: 205.443.4629
Email: carson.rector@oakworth.com
Mr. Rector began his professional career at Oakworth as a summer intern associate before being hired as a commercial credit analyst and associate credit advisor. In 2023, he joined Synovus to help launch their Corporate and Investment Banking division, gaining experience in structuring, underwriting and the legal documentation stage while working with various private equity firms and banks to close syndicated credit opportunities for mergers and acquisitions.
In his current position with Oakworth, Mr. Rector works collaboratively with client advisors to determine the borrowing needs of prospects and existing clients, structure credit opportunities based on those needs, and evaluate and mitigate the associated risks. He is also involved in underwriting and negotiating during the legal documentation stage. Mr. Rector volunteers his time to several organizations: Friends Life Community, Community Food Bank of Central Alabama and First Light.
Oakworth Asset Management, LLC (“Oakworth Asset Management”) is a registered investment adviser that is owned by Oakworth Capital Bank Inc. (“Oakworth Capital Bank,” or together with Oakworth Asset Management, “Oakworth”), Member FDIC. This piece describes the services of Oakworth, but please note that there are two separate entities that provide different services. All investment adviser services including investment management and financial planning are provided by Oakworth Asset Management. Because of the ownership relationship and possible involvement by Oakworth Asset Management associates with Oakworth Capital Bank, there exists a conflict of interest to the extent that either party (Oakworth Asset Management or Oakworth Capital Bank) recommends the services of the other. For additional information about Oakworth Asset Management, including its services and fees, send for the firm’s disclosure brochure using the contact information contained herein or visit advisorinfo.sec.gov.
This communication contains general information that is not suitable for everyone and was prepared for informational purposes only. Nothing contained herein should not be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. Investing involves risk of loss including loss of principal. Past investment performance is not a guarantee or predictor of future investment performance.
