The deadline to file as a claimant for the Exxon
Qualifying Settlement fund has long since passed, but with a partial payment
from the Exxon Valdez Oil Spill Settlement due out next month, are financial
institutions seeing higher volumes of business, and what are they offering in
terms of financial planning? Mary Donaldson has more.
Craig Johnson of Edward Jones Investments says there is a
positive spin on Exxon Valdez Oil Spill plaintiffs not receiving the full
settlement amount for the first payout, at least in terms of investing.
(Johnson 1 :17s “…a little less complicated.”)
says he has seen a rise in fishermen and other claimants doing some financial
planning this year, with the partial EVOS payout starting in just a few weeks.
(Johnson 2 :33s “…more or less.”)
Edward Jones Investments financial advisor in Kodiak, Inga Seifert, says
traffic in her office has been pretty steady as well. She says financial planning
has always been encouraged to the plaintiffs.
(Seifert 1 :15s “…plan into action.”)
Johnson says there are many different types of financial
planning that he’s been doing for his customers.
(Johnson 3 :43 “…paid
on the settlement.”)
Seifert says financial planning at her office has varied
due to the different circumstances for each plaintiff.
(Seifert 2 :33s “…for example.”)
Both Seifert and Johnson say that financial planning
is a wise move to make with any large sum of money received. Seifert says
investing can bring instant savings and returns.
3 :37s “…goals are.”)
Jody Spivey is the manager of the Wells Fargo Bank in
downtown Kodiak. She says they have been busy setting up direct deposit request
for plaintiffs, as well as notarizing these types of forms. She says the bank
will be hosting several speakers in the future as a resource to let the public
know of the many ways they can invest their money wisely.
(Spivey 1 :40s “…more comfortable retirement.”)
Spivey says the workshop will be held October 8, at
5:30 p.m. at the Best Western Kodiak Inn. The office of Jamin, Schmitt and
Saint John in Kodiak says partial EVOS payments are scheduled to begin next
month, and that the pay outs will be done by one claimant category at a time,
rather than all claimants receiving a payout on a certain day due to the large
number of claimants and groups.
Mary Donaldson. ###