Wealth Management Gainesville FL

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.

Mrs. Deborah E. James, CFP®
(352) 538-0106
7817 NW 45th St
Gainesville, FL
Firm
North Florida Wealth Advisors
Areas of Specialization
Employee and Employer Plan Benefits, General Financial Planning, Investment Management, Long-Term Care, Retirement Planning

Data Provided by:
Mr. H. Dudley Wade Jr., CFP®
(352) 367-2019
2114 NW 40th Terrace
Gainesville, FL
Firm
VALIC Financial Advisors, Inc.
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Elder Care, Estate Planning, Insurance Planning, LGBT Individuals and Couples, Long-Term Care
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Government Employees

Data Provided by:
Mr. Russell Alan Renner, CFP®
(352) 367-2018
2114 NW 40th Ter Ste B1
Gainesville, FL
Firm
VALIC

Data Provided by:
Mrs. Martha S Kern, CFP®
(352) 505-4967
1502 NW 6th St Ste B
Gainesville, FL
Firm
New York Life Insurance Co.
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, General Financial Planning, Insurance Planning, Investment Planning
Key Considerations
Profession: Self-Employed Business Owners

Data Provided by:
Ms. Carrie Jennings Holloway, CFP®
(352) 337-8177
500 NW 43rd St
Gainesville, FL
Firm
Holloway Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $500,001 - $1,000,000

Profession: Medical/Dental Professionals

Data Provided by:
Lisa Chacon, CFP®
(352) 327-9826
6208 NW 43rd St
Gainesville, FL
Firm
Chacon, Diaz and Di Virgilio Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Alan M. Hagopian, CFP®
(352) 375-4517
4631 NW 53rd Ave
Gainesville, FL
Firm
ALAN M HAGOPIAN EA CFP

Data Provided by:
Charles A. Cockrell Jr., CFP®
(352) 225-3132
1216 NW 13th St
Gainesville, FL
Firm
North Florida Wealth Advisors
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, LGBT Individuals and Couples, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Robert L. Lentz, CFP®
(352) 374-1586
PO Box 147030
Gainesville, FL
Firm
Florida Farm Bureau Insurance

Data Provided by:
Mr. Wales Hudon Phipps, CFP®
(352) 373-3545
4056 W Newberry Rd
Gainesville, FL
Firm
Medical & Dental Management, Inc.

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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