Wealth Management Bloomington IL

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.

Garry Good
Good Financial Advisors
(309) 661-1375
33 Hodgehaven Circle
Bloomington, IL
Expertises
Hourly Financial Planning Services, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals, College/Education Planning, Investment Advice without Ongoing Management, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. David M. Deneen, CFP®
(309) 662-8575
1705 Tullamore Ave Ste B
Bloomington, IL
Firm
WELLS FARGO ADVISORS

Data Provided by:
Mr. Bryan J. Crabtree, CFP®
(309) 454-1200
1713 Fort Jesse Rd Ste F
Normal, IL
Firm
Crabtree Financial Services, LLC
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Management

Data Provided by:
Mr. Frank J. Zawatski, CFP®
(309) 825-0208
508 Amherst Drive
Normal, IL
Firm
Forward Financial Planning LLC
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. James E. Adams, CFP®
(309) 662-8575
1705 Tullamore Avenue, Ste B.
Bloomington, IL
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Education Planning, Employee and Employer Plan Benefits, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Business Executives

Data Provided by:
Mr. Peter D. Falstad, CFP®
(309) 664-2600
2703 McGraw Dr Ste 4A
Bloomington, IL
Firm
Falstad & Associates
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning

Data Provided by:
Mr. Drake H. Zimmerman, CFP®
(309) 454-7040
PO Box 326
Normal, IL
Firm
Zimmerman & Armstrong

Data Provided by:
Mr. Jeffrey Arthur Schwartz, CFP®
(309) 827-7917
510 E Washington St
Bloomington, IL
Firm
Ameriprise Financial

Data Provided by:
Mr. Donald L. Wettstein, CFP®
(309) 662-4444
200 W College Ave
Normal, IL
Firm
Heartland Bank and Trust Company
Areas of Specialization
Asset Allocation, Investment Management, Investment Planning, Retirement Income Management

Data Provided by:
Mr. Duane A. Kolbus, CFP®
(309) 825-8619
1705 Towanda Ave
Bloomington, IL
Firm
Country Financial

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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