Wealth Management Dothan AL

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.

Mr. James Calvin Ellis, CFP®
(334) 792-2153
PO Box 6356
Dothan, AL
Firm
McDaniel & Associates

Data Provided by:
John G Ruddock, CFP®
(334) 803-0376
303 Regency Ct.
Dothan, AL
Firm
LPL Financial

Data Provided by:
Mr. Ronald W Sommer, CFP®
(334) 671-0738
1643 Hartford Highway
Dothan, AL
Firm
Edward Jones Investments

Data Provided by:
Wells Fargo - Plaza North
(334) 712-1554
1943 Reeves St
Dothan, AL
Type
Branch
Office Hours
Mon-Thu 09:00 AM-04:00 PM
Fri 09:00 AM-06:00 PM
Sat-Sun Closed

Wells Fargo - Northside
(334) 677-5457
3051 Montgomery Hwy
Dothan, AL
Type
Branch
Office Hours
Mon-Thu 08:00 AM-05:00 PM
Fri 08:00 AM-06:00 PM
Sat-Sun Closed

Mr. K. Michael Woodham, CFP®
(800) 920-5208
256 Honeysuckle Rd Ste 25
Dothan, AL
Firm
Wells Fargo Advisors Financial Network
Areas of Specialization
Asset Allocation, Divorce Issues, Education Planning, Elder Care, Estate Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Douglas W. Lee, CFP®
(334) 671-7303
200 Parkwest Cir Ste 3
Dothan, AL
Firm
Morgan Keegan and Co., Inc.
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000



Data Provided by:
Mr. Donald P. Bolden, CFP®
(334) 673-8600
2216 W Main St
Dothan, AL
Firm
CapSouth Partners, Inc.
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: Not Applicable



Data Provided by:
Wells Fargo - Downtown
(334) 678-0203
125 N Saint Andrews St
Dothan, AL
Type
Branch
Office Hours
Mon-Thu 09:00 AM-04:00 PM
Fri 09:00 AM-06:00 PM
Sat-Sun Closed

Wells Fargo - Dothan Main
(334) 793-0717
2999 Ross Clark Cir
Dothan, AL
Type
Branch
Office Hours
Mon-Thu 08:00 AM-04:00 PM
Fri 08:00 AM-06:00 PM
Sat-Sun Closed

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....

Click here to read the rest of this article at Zacks.com