Wealth Management Austin 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.

Christopher Van Slyke
Trovena LLC
(800) 620-4232
100 Congress Ave.
Austin, TX
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®

James Kerr
Austin Asset Management Company
(512) 453-6622
7200 North Mopac, Suite 315
Austin, TX
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, College/Education Planning, Estate & Generational Planning Issues, Insurance Related Issues, including Annuities, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, CLU, EA, LHIC

Jon King
Pegasus Financial Solutions, LLC
(512) 329-2105
1250 Capital of Texas Hwy South Bldg 3 Ste 400
Austin, TX
Expertises
Hourly Financial Planning Services, Helping Clients Identify & Achieve Goals, Investment Advice without Ongoing Management, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

W. Eric Hehman
Austin Asset Management Company
(512) 453-6622
7200 North Mopac, Suite 315
Austin, TX
Expertises
Ongoing Investment Management, Advising Medical Professionals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

John Henry McDonald
Austin Asset Management Company
(512) 453-6622
7200 North Mopac, Suite 315
Austin, TX
Expertises
Estate & Generational Planning Issues, Insurance Related Issues, including Annuities
Certifications
NAPFA Registered Financial Advisor, CFP®, RFC

Gregory Van Wyk
Austin Asset Management Company
(512) 453-6622
7200 North Mopac, Suite 315
Austin, TX
Expertises
Ongoing Investment Management, College/Education Planning, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Advising Medical Professionals, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, CFP®, LHIC

M. Carleton McHenry
McHenry Capital, LLC
(888) 968-9815
1000 San Marcos, Suite 434
Austin, TX
Expertises
Helping Clients Identify & Achieve Goals, Financial Issues Between Generations, Retirement Planning & Distribution Rules, Ongoing Investment Management, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®

Colin Bell
Bell Financial Planning Co.
(512) 347-9500
2901 Bee Cave Road, Box F
Austin, TX
Expertises
High Net Worth Client Needs, Advising Medical Professionals, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®

Christopher Baum
Vannoy Advisory Group, Inc.
(512) 515-1163
3101 Bee Caves Rd
Austin, TX
Expertises
Retirement Plan Investment Advice, Advising Employee Benefit Plan Participants, Planning Issues for Business Owners, Advising Medical Professionals, Newlyweds & Novice Investors
Certifications
NAPFA Registered Financial Advisor, CFP®

Neil Vannoy
Vannoy Advisory Group, Inc.
(512) 515-1163
3101 Bee Caves Rd
Austin, TX
Expertises
Hourly Financial Planning Services, Investment Advice without Ongoing Management, Ongoing Investment Management, Retirement Planning & Distribution Rules, Planning Issues for Business Owners, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

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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