Wealth Management Ithaca NY

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.

Ms. Beth Ann Prudence, CFP®
(607) 391-7080
2415 N Triphammer Rd Ste 1
Ithaca, NY
Firm
Cornell Pochily Investment Advisors
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Life Transitions, Long-Term Care

Data Provided by:
Ms. Catherine L. Haupert, CFP®
(607) 273-0037
119 E. Seneca St.
Ithaca, NY
Firm
Tompkins Trust Company

Data Provided by:
Mr. Christopher James Milner, CFP®
(607) 257-0065
2251 N Triphammer Rd
Ithaca, NY
Firm
Tompkins Financial Advisors
Areas of Specialization
Investment Management, Retirement Income Management, Retirement Planning, Securities, Socially Responsible Investments, Wealth Management

Data Provided by:
Mrs. Celine Richardson, CFP®
Triphammer Marketplace
Ithaca, NY
Firm
Edward Jones

Data Provided by:
Mr. Chris Kim, CFP®
(607) 273-0037
119 East Seneca Street
Ithaca, NY
Firm
Tompkins Financial Advisors
Areas of Specialization
Asset Allocation, Banking, Charitable Giving, Comprehensive Financial Planning, Cross-Border Planning, Education Planning, Estate Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Paul A. Strebel, CFP®
(607) 275-1275
944 Dryden Rd
Ithaca, NY
Firm
New Horizon Financial Strategi
Areas of Specialization
Accounting, Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Estate Planning

Data Provided by:
Mr. Nelson B. Mead, CFP®
(607) 391-7080
2415 North Triphammer Road
Ithaca, NY
Firm
Cornell Pochily Investment Advisors, Inc.
Areas of Specialization
Asset Allocation, Investment Management, Investment Planning, Retirement Income Management, Wealth Management

Data Provided by:
Mr. Ross B. Feldman, CFP®
(607) 272-1990
401 East State Street, Suite 304
Ithaca, NY
Firm
Wholistic Wealth LLC
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Elder Care, Employee and Employer Plan Benefits

Data Provided by:
Mr. John M. Corsi, CFP®
(607) 272-1316
950 Danby Rd Ste 127
Ithaca, NY
Firm
Ameripirse Financial Services, Inc.
Areas of Specialization
Comprehensive Financial Planning, Elder Care, Estate Planning, Insurance Planning, Tax Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Not Applicable

Data Provided by:
Ms. Anne C. Chernish, CFP®
(607) 272-0004
PO Box 7150
Ithaca, NY
Firm
Anchor Capital Management, LLC
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

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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