Wealth Management Duluth MN

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. Vincent L. Mckay-Jones, CFP®
(218) 728-8435
1420 London Rd Ste 201
Duluth, MN
Firm
RBC Wealth Management
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: Not Applicable



Data Provided by:
Ms. Cheryl A. Meese, CFP®
(218) 724-2100
1420 London Rd
Duluth, MN
Firm
RBC Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000



Data Provided by:
Mr. Bryan D. Amundson, CFP®
(218) 726-9351
222 W Superior St
Duluth, MN
Firm
Wells Fargo

Data Provided by:
Mr. Alan R. Jablonski, CFP®
(218) 727-5565
130 W. Superior St.
Duluth, MN
Firm
Jablonski-Madill Inc

Data Provided by:
Mr. Vinod Gupta, CFP®
(218) 464-4178
405 E Superior St Ste 275
Duluth, MN
Firm
Ameriprise Financial Services
Areas of Specialization
Investment Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. John P. Lawien, CFP®
(218) 728-8418
1420 London Road
Duluth, MN
Firm
RBC Wealth Management
Areas of Specialization
Asset Allocation, Estate Planning, Insurance Planning, Mortgages, Retirement Planning, Securities
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. James H. Proctor, CFP®
(218) 724-2100
1420 London Rd
Duluth, MN
Firm
RBC Wealth Management

Data Provided by:
Charlotte J. Taylor, CFP®
(218) 723-2870
130 West Superior Street
Duluth, MN
Firm
U.S. Bank

Data Provided by:
Ms. Susan M Stelman, CFP®
(218) 727-1508
130 W. Superior St. Ste. #750
Duluth, MN
Firm
Waddell & Reed
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Insurance Planning, Investment Management, Investment Planning

Data Provided by:
Ms. Kathleen M. Beasley, CFP®
(218) 722-9400
401 West Superior St.
Duluth, MN
Firm
Ameriprise Financial Services,
Areas of Specialization
Comprehensive Financial Planning

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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