Wealth Management Cleveland OH

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.

Kenneth Robinson
Practical Financial Planning
(216) 688-3737
3886 Rocky River Drive
Cleveland, OH
Expertises
Women's Financial Planning Issues, Middle Income Client Needs, Cash Flow/Budgets/Credit Issues, Ongoing Investment Management, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, CFP®, JD

Matthew Olver
Spero-Smith Investment Advisers, Inc.
(216) 464-6266
3601 Green Road, Suite 102
Cleveland, OH
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, College/Education Planning, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®

David Zolt
Westlake Advisors, LLC
(440) 250-9744
24960 Center Ridge Road, Suite 3
Westlake, OH
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Tax Planning, Middle Income Client Needs, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, CFP®, EA

Michael Brady
Michael Brady & Co., Inc.
(440) 235-2100
25586 Bagley Road, Suite 2
Olmsted Falls, OH
Expertises
Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Ongoing Investment Management, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. Philip M. Lenhart, CFP®
(440) 356-9999
20736 Erie Rd
Rocky River, OH

Data Provided by:
Mimi Lord
Spero-Smith Investment Advisers, Inc.
(216) 464-6266
3601 Green Road, Suite 102
Cleveland, OH
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Tax Planning, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MBA

Donald Purtill
Purtill Financial LLC
(440) 484-5340
38 Alpha Park
Highland Heights, OH
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, High Net Worth Client Needs, Tax Planning, Retirement Planning & Distribution Rules, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CPA/PFS, MBA

Scott Snow
Scott Snow Financial Advisors, LLC
(440) 871-7669
24601 Center Ridge Road, Suite 175
Westlake, OH
Expertises
Ongoing Investment Management, Planning Concerns for Corporate Executives, Planning Issues for Business Owners, Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, CIMA, CPA

Constance Stone
Stepping Stone Financial, Inc.
(440) 247-4870
7160 Chagrin Road, Suite 135
Chagrin Falls, OH
Expertises
Women's Financial Planning Issues, Middle Income Client Needs, Tax Planning, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, ATP, CFP®

Ms. Sandria Marie Calio, CFP®
(440) 333-1393
1154 Linda St
Rocky River, OH
Firm
Providence Finl Svcs
Areas of Specialization
Accounting, Asset Allocation, Comprehensive Financial Planning, Divorce Issues, Elder Care, Employee and Employer Plan Benefits, General Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

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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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