Wealth Management Champaign 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.

Karen Folk
Bluestem Financial Advisors, LLC
(217) 352-0000
201 W. Springfield Avenue
Champaign, IL
Expertises
Retirement Planning & Distribution Rules, Middle Income Client Needs, College/Education Planning, Cash Flow/Budgets/Credit Issues, Helping Clients Identify & Achieve Goals, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, CFP®, PhD

Mr. Lewis J. Clausen, CFP®
(217) 351-2870
2101 S. Neil St.
Champaign, IL
Firm
BankChampaign, N.A.
Areas of Specialization
Asset Allocation, Banking, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management

Data Provided by:
Mr. Kyle B Wetters, CFP®
(217) 351-6590
100 W University Ave
Champaign, IL
Firm
Busey Wealth Management
Areas of Specialization
Asset Allocation, General Financial Planning, Retirement Planning

Data Provided by:
Mr. Steven James Gardner, CFP®
(217) 356-8383
2501 Galen Dr.
Champaign, IL
Firm
Cozad Asset Management, Inc.
Areas of Specialization
General Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mr. Achim Johannes Von Bodman, CFP®
(847) 420-0625
58 Greencroft Dr
Champaign, IL
Firm
First Mid Illinois Bank and Trust
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits

Data Provided by:
LaKhaun McKinley
LM Tax & Financial
(217) 355-3652
824 Chickory Drive
Champaign, IL
Expertises
Middle Income Client Needs, Tax Planning, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, EA

Mr. William R. Davis, CFP®
(217) 356-2424
51 E Marketview Dr
Champaign, IL
Firm
Edward D Jones & Company

Data Provided by:
R Douglas Erhard, CFP®
(217) 363-2915
1807 South Neil Street
Champaign, IL
Firm
Northwestern Mutual

Data Provided by:
Ms. Jama R. Grotelueschen, CFP®
(217) 352-1570
115 W. Church
Champaign, IL
Firm
YG Capital Management

Data Provided by:
Ms. Donna Hendren Greene, CFP®
(217) 351-6619
P.O. Box 260
Champaign, IL
Firm
Busey Wealth Management, Inc.

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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