Wealth Management Clifton NJ

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.

Lauren Locker
Locker Financial Services, LLC
(973) 256-2555
50 East Main Street, Ste 5
Little Falls, NJ
Expertises
Ongoing Investment Management, Middle Income Client Needs, Financial Issues Between Generations, Planning Issues for Unmarried & Same-Sex Couples, Women's Financial Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, CSA, RFG

Cary Carbonaro
Stonegate Wealth Management, LLC
(201) 791-0085
17-17 Route 208
Fair Lawn, NJ
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Women's Financial Planning Issues, Retirement Planning & Distribution Rules, Charitable Giving - Trusts & Foundations, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, MBA

James Kearney
Quadrant Capital Management, LLC
(973) 783-8032
7 North Mountain Avenue
Montclair, NJ
Expertises
High Net Worth Client Needs, Retirement Planning & Distribution Rules, Planning Concerns for Corporate Executives, Estate & Generational Planning Issues, Ongoing Investment Management, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, CFP®, CTFA

Martin Shenkman
Martin M. Shenkman, PC
(201) 845-8400
4 Forest Avenue, 2nd Floor
Paramus, NJ
Expertises
Estate & Generational Planning Issues, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CPA, JD, MBA

V. Peter Traphagen
Traphagen Investment Advisors, LLC
(201) 262-1040
234 Kinderkamack Road
Oradell, NJ
Expertises
Cash Flow/Budgets/Credit Issues, Planning Issues for Business Owners, Divorce Planning, Estate & Generational Planning Issues, Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CPA/PFS

Stephen Craffen
Stonegate Wealth Management, LLC
(201) 791-0085
17-17 Route 208
Fair Lawn, NJ
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CDFA, CFA, ChFc, CLU, MBA, MS

Victor Cannillo
Baron Financial Group, LLC
(866) FEE-ONLY (333-6659)
16-00 Route 208 South
Fair Lawn, NJ
Expertises
Retirement Planning & Distribution Rules, Real Estate Investments, Special Needs Planning, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Financial Issues Between Generations
Certifications
NAPFA Registered Financial Advisor

James Shagawat
Baron Financial Group, LLC
(866) FEE-ONLY (333-6659)
16-00 Route 208 South
Fair Lawn, NJ
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Advising Entrepreneurs, High Net Worth Client Needs, Helping Clients Identify & Achieve Goals, Special Needs Planning
Certifications
NAPFA Registered Financial Advisor, BA, MBA

Karl Graf
Graf Financial Advisors, LLC
(973) 633-9199
1680 Route 23 Suite 110
Wayne, NJ
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, CPA/PFS

Roger Streit
Key Financial Solutions, LLC
(800) 840-0718
101 Eisenhower Parkway
Roseland, NJ
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners, College/Education Planning, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

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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