Wealth Management Bellingham WA

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.

Ronald Simmer
Simmer Financial Planning, LLC
(360) 380-0517
5765 Willow Springs Way
Ferndale, WA
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA

Mr. Steven M. Kersey, CFP®
(360) 510-6452
1101 Lakeview Street
Bellingham, WA
Areas of Specialization
Asset Allocation, Elder Care, Insurance Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Jonathan P Ludeman, CFP®
(360) 738-9600
2115 Barkley Blvd
Bellingham, WA
Firm
Ludeman Capital Management, In
Areas of Specialization
Investment Management, Life Planning, Life Transitions, Real Estate, Retirement Income Management, Retirement Planning, Risk Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mr. George E. Mundell Iii, CFP®
(888) 329-2211
2211 Rimland Dr. #116
Bellingham, WA
Firm
Morgan Stanley
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning

Data Provided by:
Mark L Wallace, CFP®
(360) 647-0649
PO Box 31550
Bellingham, WA
Firm
Bay City Financial Services, Inc.
Areas of Specialization
Asset Allocation, General Financial Planning, Investment Management, Investment Planning, Securities, Young Professionals

Data Provided by:
Mr. Scott A Hume, CFP®
(360) 756-3504
3101 Newmarket St
Bellingham, WA
Firm
RBC Wealth Management
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Cross-Border Planning, Estate Planning, Intergenerational Planning, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Marvin K. Degraaff, CFP®
(360) 734-4728
4164 Meridian St
Bellingham, WA
Firm
Waddell & Reed Inc
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Phillip E. Multop, CFP®
(360) 671-7891
333 Calluna Ct Ste 205
Bellingham, WA
Firm
Professional Equity Management

Data Provided by:
Mr. Gene R. Bell, CFP®
(360) 671-1845
1700 Iowa St
Bellingham, WA
Firm
Gene Bell & Associates
Areas of Specialization
Accounting, Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Cross-Border Planning, Debt Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Service Professionals

Data Provided by:
Mr. Gerald S. Wallace, CFP®
(360) 647-0649
PO Box 31550
Bellingham, WA
Firm
Bay City Financial Services In

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....

Click here to read the rest of this article at Zacks.com