Wealth Management Brownsville TX

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. Michael D. Shumway, CFP®
(956) 276-0383
2395 La Palma St Ste A
San Benito, TX
Firm
Shumway Financial Planning
Areas of Specialization
Comprehensive Financial Planning, Debt Management
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Non-Profit Employees

Data Provided by:
Mr. David J. Heffernan, CFP®
(956) 423-1023
1206 E Tyler Ave
Harlingen, TX
Firm
Ameriprise Financial Advisors

Data Provided by:
Wells Fargo - Brownsville Downtown Mb
(956) 550-4036
826 E Levee St
Brownsville, TX
Type
Motor Bank
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 08:00 AM-03:00 PM
Sun Closed

Chase Bank
(956) 548-6901
1475 Ruben M Torres Blvd
Brownsville, TX
Type
Freestanding
Office Hours
Mon:9:00-6:00
Tues:9:00-6:00
Wed:9:00-6:00
Thurs:9:00-6:00
Fri:9:00-6:00
Sat:9:00-3:00
Sun:closed

Bank of America - Paseo De La Resaca
(956) 554-9865
101 America Drive
Brownsville, TX
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Braille, Accepts Deposits, Drive Up
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-6
Saturday 9-1
Sunday Closed
Drive Up Hours
Monday 8-6
Tuesday 8-6
Wednesday 8-6
Thursday 8-6
Friday 8-6
Saturday 9-1
Sunday Closed

Mr. Roger D. Stevenson, CFP®
(956) 365-4270
1309 E Tyler Ave Ste B
Harlingen, TX
Firm
Thrivent Financial for Lutherans
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Service Professionals

Data Provided by:
Wells Fargo - Brownsville Downtown
(956) 548-6343
835 E Levee St
Brownsville, TX
Type
Branch
Office Hours
Mon 07:30 AM-05:00 PM
Tue-Thu 08:00 AM-05:00 PM
Fri 08:00 AM-06:00 PM
Sat 09:00 AM-03:00 PM
Sun Closed

Wells Fargo - Financial Center
(956) 550-4112
910 Ruben M Torres Blvd
Brownsville, TX
Type
Branch
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 08:00 AM-03:00 PM
Sun Closed

Capital One
(956) 698-3300
4150 N. Espressway 77 (Hwy 83)
Brownsville, TX
Type
Branch
Services
Walk-Up ATM Self Service Coin Counter Open after 5 PM Open on Saturday Branch Drive-Up Safe Deposit Box
Office Hours
Sun , Mon 9 AM - 4 PM, Tue 9 AM - 4 PM, Wed 9 AM - 4 PM, Thu 9 AM - 4 PM, Fri 9 AM - 6 PM,
Drive Up Hours
Sun , Mon 7:30 AM - 6 PM, Tue 7:30 AM - 6 PM, Wed 7:30 AM - 6 PM, Thu 7:30 AM - 6 PM, Fri 7:30 AM - 6 PM,

Wells Fargo - Sunrise
(956) 983-1450
1175 Fm 802
Brownsville, TX
Type
Branch
Office Hours
Mon-Fri 07:30 AM-07:00 PM
Sat 08:00 AM-03:00 PM
Sun Closed

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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