Wealth Management Aberdeen SD

High net worth individuals and organizations can opt to employ a wealth manager to handle their financial issues, including things like estate planning, taxes, investment management and more. Wealth management services are provided by corporations, financial advisors and multi-licensed portfolio managers. They use wealth management strategies to help their clients grow their wealth and assets as well as to navigate tax law. Wealth managers oversee all the financial affairs of their clients, which can be extremely helpful for those with numerous and diverse financial holdings.

Mr. Michael J. Weber, CFP®
(605) 229-0030
PO Box 15
Aberdeen, SD
Areas of Specialization
Tax Preparation
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Charlie Jakober, CFP®
(605) 226-8220
12986 Idlewood Dr
Aberdeen, SD
Firm
Ameriprise Financial

Data Provided by:
Mrs. Agatha K. Johnson, CFP®
(605) 290-3521
415 17th Ave NE
Aberdeen, SD
Firm
Eide Bailly Financial Services
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Investment Management, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Kenneth Krause, CFP®
(605) 229-2073
101 3rd Ave SW
Aberdeen, SD
Firm
Amerprise Financial

Data Provided by:
Wells Fargo - Aberdeen Main
(605) 225-2220
204 S 1St St
Aberdeen, SD
Type
Branch
Office Hours
Mon-Fri 09:00 AM-05:00 PM
Sat-Sun Closed

Mr. Dana E. Randall, CFP®
(605) 225-3130
PO Box 12
Aberdeen, SD
Firm
Raymond James Financial Serv

Data Provided by:
Mr. Robert J. Gunderson, CFP®
(605) 225-0104
308 S Main St
Aberdeen, SD
Firm
Investment Centers of America

Data Provided by:
Ms. Sarathi Giridhar, CFP®
(605) 225-1047
320 6th Avenue SE
Aberdeen, SD
Firm
Schwan Financial Group, LLC
Areas of Specialization
Estate Planning

Data Provided by:
Wells Fargo - Aberdeen Mb
(605) 229-8231
116 3Rd Ave Sw
Aberdeen, SD
Type
Motor Bank
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 09:00 AM-12:00 PM
Sun Closed

Wells Fargo - Kessler'S Aberdeen
(605) 225-5795
615 6Th Ave Se
Aberdeen, SD
Type
In-Store Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Data Provided by:

Wealth Management

By: Jonas Zamora
Jonas Zamora is a Certified Financial PlannerTM professional. You may contact him at jzamora@zacks.com

Benefits of Estate Planning

Have you ever been advised that you should have an estate plan? You hear the advice and, like most folks, don’t have a clear idea of why you should have one. I read an article by financial planner Elaine Floyd, which outlines the reasons why you should have an estate plan.

Let’s start with the benefits. An estate plan allows you to:

1. Direct the distribution of your wealth at death. An estate plan allows you to name the people, or charities, that will receive your assets. Otherwise, the courts will decide for you based on the laws of succession in your state.
2. Save on estate taxes. The estate tax still exists at least until 2009. In 2010 it will be repealed but may come back in 2011. This year, assets that total up to $2 million are exempt from federal estate taxes. The top tax rate on assets above that amount is 45%. Keep in mind that state inheritance tax has not been abolished either.
3. Save money on probate fees and keep your privacy. Probate fees can run up to about 10% of your estate’s value. Keep in mind that probate is time consuming and a matter of public record.
4. Protects assets while you are alive. Estate planning strategies can help protect you in case of lawsuits and divorce.
5. Prepare for incapacity. What happens if you are unable to handle making the payments for the care you receive while incapacitated? Who will manage your care and finances? An estate plan can help assure your well being if you become unable to make your own decisions....

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