What is an underpayment penalty? Definition and examples
The IRS charges a penalty for not paying enough toward your tax obligation throughout the year.
3 min read
Jan 03, 2022
Kenneth Chavis IV
Senior wealth advisor at Versant Capital Management
Kenneth Chavis IV is a Senior Wealth Advisor at Versant Capital Management, a $900 million wealth management firm founded in Phoenix, AZ. Versant provides investment management, wealth strategy, financial planning, and tax advice to business owners, wealthy families, and women experiencing life transitions. Versant's advisors serve clients as fee-only fiduciaries, with an emphasis on growing and preserving multi-generational wealth.
Kenneth's career in the wealth management industry spans nearly a decade. In prior roles he served business owners and entertainers as a Senior Wealth Manager at LourdMurray and previously served executives, business owners and medical doctors as a Financial Advisor at Empirical Wealth Management.
Kenneth's experience includes providing advanced financial planning, retirement planning, tax planning and investment management to equity-compensated executives, business owners and engineers with stock compensation at many Fortune 100 companies on the West Coast, including Intel, Microsoft, Nike, Alphabet (formerly Google), Apple and Amazon.
Kenneth has received multiple industry awards and recognition, including the InvestmentNews 40 under 40 in 2023, the Investopedia Top 100 Financial Advisor in 2022 and 50 Under 50 by the Association of African-American Financial Advisors in 2021 and 2020, recognizing the most outstanding and influential Black and African American financial professionals in the country.
Kenneth has been interviewed on national television on the topics of personal finance, investing and the economy. He has also been quoted in financial media publications including Wall Street Journal, CNBC, Business Insider, TIME, Nasdaq, MarketWatch, NerdWallet, Bankrate and MoneyGeek.
Kenneth is a CERTIFIED FINANCIAL PLANNER™ professional, holds a Certificate in Financial Planning from Boston University and earned a Bachelor of Science in Business Economics from Hawaii Pacific University, where he graduated summa cum laude.
Kenneth is a member of the Financial Planning Association of Greater Phoenix and an advisory member of the Association of African American Financial Advisors.
Connect with Kenneth on LinkedIn and follow him on Instagram at @good4yourmoney.
Kenneth's latest articles
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Value-added tax (VAT): What it is and how it works
Value-added tax (VAT) is the international alternative to U.S. sales tax.
3 min read Dec 16, 2021 -
10 ways to save money during the holidays
It’s easy to get caught up in the holiday spirit and overspend. Here are ways to avoid that trap.
4 min read Dec 06, 2021 -
The newest fintech bank account is for the formerly incarcerated
Here’s why this challenger bank sees a need and an opportunity to win over a demographic that the financial system has ignored.
5 min read Nov 08, 2021 -
5 tax deductions for rental property
You can claim a range of tax deductions related to the running of the property itself and even to running a business.
3 min read Nov 04, 2021 -
Consumption tax: What it is and how it works
A consumption tax is one that applies to the sale or purchase of a good or service.
3 min read Nov 04, 2021 -
Excise tax: What it is and how it works
Excise taxes apply only to certain products and can be charged either as a percentage of a sale or on a per-unit basis.
3 min read Nov 03, 2021 -
Best Business Loans for Minorities In March 2025
From SBA loans and microloans to programs designed to help underserved communities, these are the best business loans for minorities.
18 min read Oct 28, 2021