Wealth Management Bakersfield CA

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. Peter H. Hunt, CFP®
(661) 327-8560
PO Box 10959
Bakersfield, CA
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Investment Management, Investment Planning

Data Provided by:
Laurence Edward Menna, CFP®
(661) 837-8500
1601 New Stine Rd Ste 180
Bakersfield, CA
Firm
Menna Capital Management, LLC
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Retirement Income Management, Retirement Planning, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Steven A. Barnes, CFP®
(661) 322-9799
5060 California Ave Ste 1020
Bakersfield, CA
Firm
Barnes Wealth Management Group
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Elder Care, Estate Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Steven Michael Bowles, CFP®
(661) 835-8189
200 New Stine Rd
Bakersfield, CA
Firm
Bowles Financial & Ins. Group, Inc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. William R. Ramsey, CFP®
(661) 283-1361
5812 Calico Cove Ct.
Bakersfield, CA
Firm
William R. Ramsey CPA CFP
Areas of Specialization
Accounting, Budget Development, General Financial Planning, Investment Planning, Retirement Planning, Tax Preparation
Key Considerations
Average Net Worth: $100,000 or less

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

Profession: Government Employees

Data Provided by:
Jeffrey R Bell, CFP®
(661) 322-2033
1100 Mohawk St, STE 180
Bakersfield, CA
Firm
Edward Jones

Data Provided by:
Mr. Carl A. Engele, CFP®
(661) 397-9074
110 S Montclair St Ste 106
Bakersfield, CA
Firm
OneAmerica Securities

Data Provided by:
Mr. V. Mon Bertolucci, CFP®
(661) 322-3504
5401 Business Park South
Bakersfield, CA

Data Provided by:
Mr. Blake Goehring, CFP®
(661) 326-7707
5080 California Ave Ste. #102
Bakersfield, CA
Firm
Merrill Lynch

Data Provided by:
Mr. Bradley C. Barnes, CFP®
(661) 663-4602
9100 Ming Ave Ste 205
Bakersfield, CA
Firm
Morgan Stanley Wealth Management
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

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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