Wealth Management Bloomington IN

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. James L. Spore, CFP®
(812) 855-4803
PO Box 368
Bloomington, IN
Firm
LaSalle St Securities L.L.C.

Data Provided by:
Mr. Mark P. Adams, CFP®
(812) 333-0874
209 N Washington St
Bloomington, IN
Firm
Wells Fargo Advisors Financial Network
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, General Financial Planning, Investment Management, LGBT Individuals and Couples, Planning for Couples, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Ms. Jodie R. Fishel, CFP®
(812) 337-1999
357 E Winslow Rd
Bloomington, IN
Firm
Innovative Financial Solutions

Data Provided by:
Ms. Susan D. Wier, CFP®
(812) 336-4810
3939 S Walnut St Ste 3
Bloomington, IN
Firm
First American Advisory, LLC
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Not Applicable

Data Provided by:
Mr. Michael J. Carson, CFP®
(812) 333-4726
3925 E Hagan St Ste 300
Bloomington, IN
Firm
Hurlow Wealth Management Group, Inc.
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Investment Management, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Business Executives

Data Provided by:
Mr. David B. Estes, CFP®
(812) 332-6333
202 S College Ave
Bloomington, IN
Firm
Hilliard Lyons
Areas of Specialization
Asset Allocation, Divorce Issues, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Douglas A. Ummel, CFP®
(812) 333-4726
3925 E Hagan St Ste 300
Bloomington, IN
Firm
Wells Fargo Advisors Financial Network
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000



Data Provided by:
Mr. Ian G. Essling, CFP®
(812) 337-1999
357 E. Winslow Rd
Bloomington, IN
Firm
Innovative Financial Solutions
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Non-Profit Employees

Data Provided by:
Mr. William R. Verhagen, CFP®
(812) 337-1999
357 E Winslow Rd
Bloomington, IN
Firm
William R. Verhagen, CFP, CPA, CFS, CLU, ChFC, CASL
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Marc Demeyenburg, CFP®
(812) 331-1778
3650 S Oak Ridge Dr
Bloomington, IN
Firm
deMeyenburg
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Debt Management, General Financial Planning, Investment Planning, Life Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

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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