Wealth Management Chesapeake VA

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.

Robert Tull
Tull Financial Group, Inc.
(757) 436-1122
640 Independence Parkway, Suite 300
Chesapeake, VA
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, Planning Issues for Business Owners, Retirement Planning & Distribution Rules, Tax Planning, Insurance Related Issues, including Annuities
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Marshall H. Groom, Jr.
Groom Financial Advisory
(804) 716-2100
4445 Corporation Lane, Suite 200
Virginia Beach, VA
Expertises
Ongoing Investment Management, Hourly Financial Planning Services, Retirement Planning & Distribution Rules, High Net Worth Client Needs, Estate & Generational Planning Issues, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, CFP®, JD

Jim Flinchum
Bay Capital Advisors, LLC
(757) 963-5699
2309 Mariner's Mark Way, Suite 401
Virginia Beach, VA
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, High Net Worth Client Needs, Hourly Financial Planning Services, Financial Issues Between Generations
Certifications
NAPFA Registered Financial Advisor, CFP®, CIMA

Mrs. Paula D Feret, CFP®
(757) 548-9972
1214 Progressive Drive
Chesapeake, VA
Firm
First Command Financial Planning

Data Provided by:
Ms. Vivian M. Honeycutt, CFP®
(757) 962-7522
676 Independence Pkwy #120-A
Chesapeake, VA
Firm
Honeycutt Financial LLC
Areas of Specialization
Comprehensive Financial Planning, Divorce Issues, Elder Care, Estate Planning, General Financial Planning, Investment Management, Life Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Vivian Honeycutt CFP(R)
Honeycutt Financial Services, LLC
(757) 962-7522
676 Independence Pkwy #120
Chesapeake, VA
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Planning Issues for Business Owners, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®

William Edwards
Financial Management Consultants of Virginia
(757) 498-7028
249 Elon Court
Virginia Beach, VA
Expertises
Retirement Plan Investment Advice, Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Middle Income Client Needs, Tax Planning
Certifications
NAPFA Registered Financial Advisor, ChFc

Ron Pearson
Beach Financial Advisory Service
(757) 428-6634
6204 Ocean Front Avenue
Virginia Beach, VA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Special Needs Planning
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, MA

Mr. Ramiro Sepulveda Jr., CFP®
(757) 648-8840
870 Greenbrier Circle, Ste 401
Chesapeake, VA
Firm
Ameriprise Financial Services,

Data Provided by:
Mr. Michael B. Broadhurst, CFP®
(757) 399-7499
355 Crawford St
Portsmouth, VA
Firm
Financial Counselors of Virginia, Inc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Investment Management, Investment Planning, Retirement Income Management, Retirement Planning, Securities
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: Not Applicable

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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