Wealth Management Amarillo TX

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.

Norman Stewart
Total Financial Planning, Inc.
(806) 374-2224
P.O. Box 309
Amarillo, TX
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, BBA, CFP®, CPA

Mr. Douglas M. White, CFP®
(806) 345-1683
410 S Taylor St Fl 2
Amarillo, TX
Firm
Amarillo National Bank / Raymond James
Areas of Specialization
Investment Management, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $1,000,001 or more



Data Provided by:
Mr. Steven S. Cox, CFP®
(806) 378-9116
701 S Taylor St Ste 100
Amarillo, TX
Firm
Merrill Lynch
Areas of Specialization
Asset Allocation, Employee and Employer Plan Benefits, Estate Planning, Investment Management, Investment Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Nathan W. Murphy, CFP®
(806) 353-0880
301 S Polk St Ste 550
Amarillo, TX
Firm
Murphy Financial Advisors
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Life Transitions, Retirement Income Management, Retirement Planning, Wealth Management

Data Provided by:
Ms. Charlotte A. Adams, CFP®
(806) 353-8782
6001 Belpree Rd
Amarillo, TX
Firm
Money Methods Inc
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided by:
Mrs. Elaine Taylor Hays, CFP®
(806) 371-9188
1520 S Lamar St
Amarillo, TX
Firm
Hays & Hays Inc

Data Provided by:
Mrs. Jamie Marie Carroll, CFP®
(806) 372-4285
One First United Bank Parkway
Amarillo, TX
Firm
Pinaacle Financial Group, LPL Financial
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Investment Management

Data Provided by:
Mr. Patrick T. Freeman, CFP®
(806) 350-6868
600 S Tyler St Ste 2004
Amarillo, TX
Firm
Freeman Wealth Management
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Debt Management, Education Planning, Estate Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $250,001 - $500,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Marwan Touma, CFP®
(806) 378-9128
701 S. TAYLOR, SUITE 100
AMARILLO, TX
Firm
BANK OF AMERICA/MERRILL LYNCH
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Edwin M. Schroeter, CFP®
(806) 355-8805
4450 Evelyn St
Amarillo, TX
Firm
Financial Freedom & Futures, Inc.

Data Provided by:
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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