Wealth Management Chicago 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.

Mark Berg
Timothy Financial Counsel, Inc.
(312) 602-9755
10 South Riverside Plaza
Chicago, IL
Expertises
Hourly Financial Planning Services, Investment Advice without Ongoing Management, College/Education Planning, Retirement Plan Investment Advice, Tax Planning, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®

William Keffer
Keffer Financial Planning
(312) 239-1403
222 S. Riverside Plaza, 29th Floor
Chicago, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Advising Employee Benefit Plan Participants, Insurance Related Issues, including Annuities, Divorce Planning
Certifications
NAPFA Registered Financial Advisor, CDFA, CFP®, ChFc, CLU, MBA, CRPS

Matthew Murphy
Murphy Capital Advisors, LLC
(312) 474-6496
10 S. Riverside Plaza
Chicago, IL
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®

Lazetta Braxton
Financial Fountains, LLC
(888) 683-4093
233 South Wacker Drive
Chicago, IL
Expertises
Middle Income Client Needs, Ongoing Investment Management, Women's Financial Planning Issues, Newlyweds & Novice Investors, Retirement Plan Investment Advice, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Jeffrey Kostis
JK Financial Planning, Inc.
(312) 869-2151
20 North Wacker Drive
Chicago, IL
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Planning Issues for Business Owners, Investment Advice without Ongoing Management, Newlyweds & Novice Investors, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, BBA, CDFA, CFP®, CPA/PFS, MAcc

Cheryl Krueger
Growing Fortunes Financial Partners, LLC
866.550.PLAN (7526)
200 S. Wacker Dr.
Chicago, IL
Expertises
Helping Clients Identify & Achieve Goals, Hourly Financial Planning Services, Middle Income Client Needs, Women's Financial Planning Issues, College/Education Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Mary Claire Allvine
Brownson, Rehmus & Foxworth, Inc.
(312) 346-3647
200 S. Wacker Drive, Suite 2300
Chicago, IL
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Estate & Generational Planning Issues, Financial Issues Between Generations, Alternative or Private Investments
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Leisa Aiken
Veo Financial Counsel, LLC
(312) 265-2220
10 S. Riverside Plaza, Suite 1800
Chicago, IL
Expertises
Hourly Financial Planning Services, Investment Advice without Ongoing Management, Middle Income Client Needs, Women's Financial Planning Issues, Retirement Plan Investment Advice, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, MBA

Joseph Harowski
Smart Choice Financial Planning, Inc.
(312) 893-5426
125 S. Wacker Dr., Ste. 300,
Chicago, IL
Expertises
Middle Income Client Needs, Planning Issues for Business Owners, Retirement Plan Investment Advice, Ongoing Investment Management, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®

Kristopher Johnson
Timothy Financial Counsel, Inc.
(312) 602-9755
10 South Riverside Plaza
Chicago, IL
Expertises
Hourly Financial Planning Services, Investment Advice without Ongoing Management, College/Education Planning, Retirement Plan Investment Advice, Tax Planning, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®

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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