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Wealth Management Erie PA

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. Robert D. Cullen, CFP®
501 E 38th St
Erie, PA
Firm
Mercyhurst University
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Investment Management, Investment Planning, Life Planning, Life Transitions, Retirement Income Management

Data Provided by:
Mr. John K. Hodges, CFP®
(814) 871-9430
901 State St
Erie, PA
Firm
PNC Wealth Management Group

Data Provided by:
Mr. Franklin L. Rogers, CFP®
(814) 871-9159
901 State St
Erie, PA
Firm
PNC INVESTMENTS

Data Provided by:
Mr. Joseph V. Schember, CFP®
(814) 871-9296
PO Box 8480
Erie, PA
Firm
PNC Bank

Data Provided by:
Mr. John E. Baker, CFP®
(814) 836-5234
652 W 6th St
Erie, PA
Firm
Kingdom Financial Group, Inc.
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided by:
Mr. Jeffrey J. Szumigale, CFP®
(814) 871-9306
901 State St
Erie, PA
Firm
PNC Advisors

Data Provided by:
Mr. Gregory J. Sorce, CFP®
(814) 459-1116
235 W 6th St
Erie, PA
Firm
HBKS Wealth Advisors

Data Provided by:
Christopher M Zehner, CFP®
(814) 459-1116
235 W. 6th Street
Erie, PA
Firm
HBKS Wealth Advisors
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Ryan Patrick Millimaci, CFP®
(814) 456-7503
711 State St
Erie, PA
Firm
First National Trust Company
Areas of Specialization
Asset Allocation, Banking, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. David L. Costa, CFP®
(814) 833-3360
127 W 6th St
Erie, PA
Firm
LPL

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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