Kanaly Trust Company

New SEC Rule Marks Big Change in Investment Advisory Relations

Fri, 03 Mar 2006 16:00:00 GMT

When seeking investment advice, most investors call a trusted financial adviser or stockbroker. If this happens to be the same person, investors should pay special attention to one of the biggest investment advisory decisions from the Securities and Exchange Commission in nearly 35 years.

Since Jan. 31, all United States brokerage firms that offer fee-based financial services have been required to clearly disclose whether an account is a brokerage account or an advisory account.

See attached .pdf for full article.

3-Mar-06 10:00 AM

HBJ Investments Forum: Four top financial experts share views in roundtable discussion

Fri, 02 Sep 2005 15:00:00 GMT

At an Investment Forum hosted by the Houston Business Journal on July 21, financial experts shared their views on a variety of issues facing Houston investors.

Participating in the Forum were: Brad Dunn, Pin Oak Investment Advisors; Drew Kanaly, Kanaly Trust Co; Richard Leader, Burnham Asset Management; and Fritz Meyer, AIM Investments.

See attached .pdf for full article.

2-Sep-05 10:00 AM

Kanaly Trust Company Receives Enterprise Champion Award

Fri, 20 May 2005 16:00:00 GMT

Enterprise Champions are four leading businesses from among the Houston Small Business 100 that are set apart not only in growth and industry leadership but in benefits to employees, company culture and service to the community.

Companies considered for this award provided additional information about their philanthropic contributions, innovations and challenges. Eight finalists, selected by a review committee of the HBJ editorial department, were interviewed by representatives of Houston Small Business 100 sponsors in sessions moderated by HBJ Publisher John Beddow.

The 2005 Enterprise Champions are ChaseCom LP, Complete RX Ltd., Headworks Inc. and Kanaly Trust Co.

See attached .pdf for full article.

20-May-05 11:00 AM

What are some important considerations in evaluating an executive job offer?

Fri, 29 Apr 2005 16:00:00 GMT

It's easy to compare two jobs, based on salary.

But benefits such as stock options, insurance, retirement plans, vacation and other perks all affect a job offer's value. With benefits packages growing more elaborate, these attributes are not easy to compare from one package to the next.

See attached .pdf for full article.

29-Apr-05 11:00 AM

SURVEY: As the baby boomer generation nears retirement, what are the best options for investments, and what role should the stock markets play?

Fri, 04 Mar 2005 16:00:00 GMT

Continue a life-long program -- Drew Kanaly, Vice Chairman, Kanaly Trust Co.

Financial comfort is personal. It is not accidental. It is built, over time, through savings and compounding, and it requires a sense of future. Each person travels the path to retirement at a different pace. The beginning of a new year is a good time for any person to refocus on his financial future. The stock markets should play a role in most retirement plans. Stock investing, however, should be carefully planned in context with concentrations in other assets, company benefits and allocation of existing retirement savings.

4-Mar-05 10:00 AM

Steve Kanaly Named to Medical Economics Top 150 Financial Advisors for Doctors List for 2005

Fri, 19 Nov 2004 17:00:00 GMT

After a thorough review process, Medical Economics has selected their top 150 financial advisors for doctors.

Steven P. Kanaly, CFP®, CTFA, CISP, NAPFA Registered Financial Advisor™ has made the list!

Please read the attached article for a full description of the selection process and a professional profile of Steve Kanaly.

19-Nov-04 11:00 AM

Weigh the options before investing in corporate vacation property

Fri, 20 Aug 2004 16:00:00 GMT

Gone are the days when large and small companies made luxury purchases, such as private jets, country club memberships, or allowances and resort properties for business use.

Two decades ago, corporations were looking for any possible deductions to offset high corporate tax rates, but the 1986 Tax Reform Act decreased corporate income tax rates and changed the rules on deductions. With luxury purchases no longer part of the tax equation, companies these days rarely view these types of purchases as investments.

See attached .pdf for full article.

20-Aug-04 11:00 AM

Balancing the House Payment

Tue, 01 Jun 2004 16:00:00 GMT

"It's scary how lenient some mortgage companies have become," says David Doll, president and COO of Kanaly Trust Company, a Houston financial advisory. For years, he explains, leaders used the 28-36 rule to determine how much to lend home buyers. One part specified that the total monthly cost of the home - principal, interest, taxes, insurance and homeowners' dues - couldn't top 28 percent of a borrower's gross monthly income. The second part restricted the borrower's total oustanding consumer debt - including credit cards, car loans, charge accounts and the like - to 36 percent of total monthly income.

"We have seen mortgage companies become very lenient with this 28-36 rule," says Doll.

See attached .pdf for full article.

1-Jun-04 11:00 AM

Range Rovers - Buying a Ranch is a Labor of Love, Often with the Emphasis on Labor

Sat, 01 May 2004 16:45:00 GMT

Owning a ranch is a goal that beguiles many of us seeking beautiful surroundings that encourage strong values such as the importance of hard work, individualism and conservancy. But these properties are not for dilettantes: Before purchasing a ranch, we need to weigh whether the benefits we expect will outweigh the large investments in capital, time and effort that ranching requires.

See attached .pdf for full article.

1-May-04 11:45 AM

Kanaly Receives BBB Award of Excellence

Mon, 19 Apr 2004 15:00:00 GMT

A pioneer of the independent trust company and pure fee-only financial planning, Kanaly
Trust has experts in tax, law, investments, real estate, mineral interests and more. Family owned and operated since 1975, Kanaly actively manages and oversees billions in assets for individual clients.

As a recognized leader in pure fee-only financial planning, Kanaly does not sell any financial products. This allows them to make objective recommendations and take action totally in a client’s best interest. The Kanaly Way is based on multi-generational planning, implementation and ongoing maintenance. Retention of key personnel ensures continuity of services. Congratulations to Kanaly Trust Company, 2004 Awards for Excellence recipient in the Medium Business category.

19-Apr-04 10:00 AM

Consider full range of ramifications when appointing fiduciaries

Fri, 05 Mar 2004 16:00:00 GMT

Serving as a fiduciary is truly an awesome responsibility that one should neither accept nor bestow lightly.

People often appoint fiduciaries and accept fiduciary roles - as executors, trustees, guardians of minors and corporate board directors - without carefully considering all the personal, financial, legal, and emotional ramifications of their choices. There are even cases in which fiduciaries have been named without being informed of their appointment, leaving them with potentially no moral obligation to serve.

See attached .pdf for full article.

5-Mar-04 10:00 AM

Retirement planning services help smooth transition from employment to retirement

Tue, 24 Feb 2004 16:00:00 GMT

The responsibility of financing and managing retirement resources is shifting slowly from employers to employees. To foster this transition, some employers are offering retirement planning services to their employees as part of their employee benefits programs. Having more knowledge about these services can help you decide whether offering them to your employees is right for your business. In this interview with CCH INCORPORATED, David Doll, President and COO, Kanaly Trust Company, explains what you need to know about retirement planning services. CCH: What are retirement planning services? Doll: According to the Internal Revenue Code (IRC), Section 132, qualified retirement planning services are defined as any retirement planning advice or information provided to an employee and spouse by an employer maintaining a qualified employer plan. Qualified retirement planning services are not meant to include related services, such as tax preparation, accounting, legal or brokerage...

24-Feb-04 10:00 AM

Ignorance Isn't Bliss When It Comes to Finances

Sun, 04 May 2003 15:00:00 GMT

Yes, you and your spouse both signed the tax return you filed on April 15 - but why is it that only one of you, in all likelihood, bothered to look at the numbers? Typically, one person in a couple handles the family finances - paying the bills, choosing investments, crafting an estate plan. The other partner often remains uninformed (sometimes blissfully) about money. And as April 15 approaches each year, the same ritual is repeated in countless homes across the country, says David M. Doll, president and chief operating officer of Kanaly Trust Co., a financial-management firm in Houston: One spouse does the taxes and then sits the other person down and says, Sign here, honey. The problem: Such unilateral planning, as Mr. Doll calls it, can prove ruinous if the money manager in the family becomes incapacitated or dies, or if the couple divorces. Especially for older households - where, after 30 years of marriage or more, a good-sized estate may exist - both spouses should have at...

4-May-03 10:00 AM

Baylor Honors Nine Texas Family Businesses

Mon, 21 Oct 2002 14:00:00 GMT

Family businesses from Waco, Belton, Houston, Corpus Christi, Mount Pleasant, Miles and Livingston were honored Oct. 17 as winners in the 13th annual Texas Family Business of the Year competition, sponsored by Baylor's Institute for Family Business.

The awards were presented by Dr. Terry Maness, dean of the Hankamer School of Business, and J. David Allen, director of Baylor's John F. Baugh Center for Entrepreneurship, at a banquet held in the Barfield Drawing Room in the Bill Daniel Student Center.

Read full story on the Baylor University web site.

21-Oct-02 9:00 AM

On the Side of Angels

Sat, 01 Jun 2002 16:30:00 GMT

If consumers could nominate a guardian angel, surely Steven P. Kanaly would be in the running. As chairman of the National Association of Personal Financial Advisors, a select group of fee-only planners, Kanaly is a purist whose professional standards are so stellar that even he admits, "Sometimes, I'm not sure we're not more of a religion."

Kanaly, 48, is the leading voice of the fee-only movement, which is emerging as a powerful player in the independent advice channel. NAPFA's 750 members are the most extreme of the independents because they categorically do not take commissions on the investments they recommend.

See attached .pdf for full article.

1-Jun-02 11:30 AM

E. Deane Kanaly Named Houston's Entrepreneur of the Year in Financial Services

Sat, 01 Jun 2002 13:00:00 GMT

E. Deane Kanaly, Founder and Chairman of Kanaly Trust Company, was recently named Houstons 2002 Ernst & Young Entrepreneur of the Year in Financial Services. The award was presented to one professional in each of 10 business categories. Winners from each area were announced at an awards banquet held on June 20. Mr. Kanaly was chosen as a finalist due to the groundbreaking achievements and insightful leadership he has demonstrated throughout his professional life. Mr. Kanaly began his career collecting banking and business data trends for statistical research at the University of Oklahoma. Soon he became a respected expert for industry and government authorities. From here, his career in financial services grew. Mr. Kanaly served as Trust Division Manager, Executive Trust Officer, and finally Vice President at Bank of Southwest. After leaving Bank of Southwest, he served as CEO and Vice-Chairman at River Oaks Bank and Trust Company. Through all of his experience, Mr. Kanaly saw the...

1-Jun-02 8:00 AM