Heritage Market Brief


  • While the 2014 U.S. economic growth rate of 2.4% is well below that of typical recoveries, the expansion out of a very deep recession is also lasting longer.
  • The U.S. economy continues to pick up speed and is growing at a faster pace than the rest of the world with the exception of China, while Europe is on the brink of falling back into recession.
  • While the March unemployment rate held steady at 5.5%, weak non-farm payroll jobs may push the Fed to delay rate hikes as only 126,000 jobs were added relative to an expected 247,000.
  • The U.S. Federal Reserve officially ended asset purchases associated with QE3 in October 2014. 

Friends of Heritage,

Few things in life have proven more satisfying than building a trust company that serves the needs of our community and clients across the country. Since 1998, Heritage has evolved from a start-up independent trust company to a diversified wealth management firm with trust at its core and more than $1 billion in client assets. 

 Thank you for being our partner as we continue this remarkable journey. 

From the beginning we have worked hard to build a company that keeps our clients at the center of everything we do, one that is free from conflicts of interest and continues to meet the needs of our community. Now begins a chapter that leads us into the future, yet whose roots date back to our earliest years.

We are proud to announce that Heritage has agreed to combine with Argent Financial Group to form one of our nation’s largest independent trust providers. Our management team and Argent’s have known each other and enjoyed a close working relationship for the past eight years. It was clear from the beginning that our shareholders, management teams and employees shared the same values and unwavering commitment to clients. 

Each month, our Heritage Institutional team publishes the Retirement Report, which provides timely news and updates for plan sponsors and fiduciaries of defined contribution plans.  This month's topics include:

  • Safe harbor regulations rethought
  • The retirement "equation"
  • Are you on the right glidepath?
  • Understanding plan eligibility