Wealth Management Ballston Spa NY

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.

Kerry Mayo
Capital Financial Advisors of New York, LLC
(518) 280-0030
7 Corporate Drive
Clifton Park, NY
Expertises
Ongoing Investment Management, High Net Worth Client Needs, Planning Issues for Business Owners, Advising Entrepreneurs, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, CFP®, MA

Paul Corr
Capital Financial Advisors of New York, LLC
(518) 280-0030
7 Corporate Drive
Clifton Park, NY
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

Ronald Plaine
RLP Financial Mgt.
(518) 370-4020
34 Jay Street, Suite 2A
Schenectady, NY
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, EA

Joyce Cole
J. Cole Financial Advisers, Inc.
(518) 793-4507
70 Thomas Road
Gansevoort (Saratoga Springs area), NY
Expertises
Ongoing Investment Management, Financial Issues Between Generations, Socially Responsible Investments, Helping Clients Identify & Achieve Goals, Hourly Financial Planning Services, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Ms. Tammy L. Zaiko, CFP®
(518) 363-8656
87 Front St
Ballston Spa, NY
Firm
Ballston SPA National Bank
Areas of Specialization
Asset Allocation, Banking, Budget Development, Comprehensive Financial Planning, Education Planning, Elder Care, Estate Planning
Key Considerations
Average Net Worth: $250,001 - $500,000



Data Provided by:
Walton Williams
Capital Financial Advisors of New York, LLC
(518) 280-0030
7 Corporate Drive
Clifton Park, NY
Expertises
Retirement Plan Investment Advice, Planning Issues for Business Owners, Advising Medical Professionals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Advising Entrepreneurs
Certifications
NAPFA Registered Financial Advisor, CPA/PFS

William Jerome
Capital Financial Services, LLC
(518) 399-3903
Professional Building, 133 Saratoga Road
Glenville, NY
Expertises
Retirement Plan Investment Advice, Ongoing Investment Management, Financial Issues Between Generations, Middle Income Client Needs, Tax Planning, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, EA, MS

Ronald Plaine
RLP Financial Mgt.
(518) 370-4020
P.O. Box 1078
Schenectady, NY
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, EA

Mr. Robert R. Roback, Jr., CFP®
(518) 899-5544
2715 Route W Ste 101
Malta, NY
Firm
Luther Forest Wealth Advisors
Areas of Specialization
Retirement Planning, Tax Planning, Tax Preparation, Wealth Management
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Timothy W. Pehl, CFP®
(518) 899-5544
2715 Route 9
Malta, NY
Firm
Roback Kumlander & Pehl CPA's

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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