AAM University Teaches For the Second Year

Arvest Asset Management, the financial services arm of Arvest Bank Group Inc., has been holding its second AAM University since April.

The free six-part series held the last Tuesday of each month at the Embassy Suites in Rogers has featured professionals discussing topics from investing to estate and tax planning. Arvest customers without existing AAM accounts were invited to the monthly seminars.

So far each program has averaged 60 to 75 attendees, said David Bugea, vice president of marketing and sales manager for Arvest Bank-Rogers, but the program on July 26 had about 95 attendees.

The featured speaker that night was Kyle Wooddell, certified financial planner for the St. Louis office of Pacific Life and Annuity.

Bugea said the gist of Wooddell’s presentation was: invest for the longterm and diversify.

The average investor holds on to an investment only 3.3 years to get a return of about 3.5 percent, Wooddell’s presentation said. But Standard & Poor’s 500 Index grew about 13 percent over the course of 19 years.