Wealth Management Lakeland 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.

Mr. Clayton W. Mckown, CFP®
(863) 682-0060
440 S Florida Ave
Lakeland, FL
Firm
Florida Traditions Financial Services
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Retirement Planning, Risk Management

Data Provided by:
Mr. Kevin A. Griffith, CFP®
(863) 687-6211
225 E Lemon St
Lakeland, FL
Firm
Morgan Stanley Wealth Management

Data Provided by:
Mr. Paul D.J. Morgis, CFP®
(863) 603-7081
200 Lake Morton Dr Fl 2
Lakeland, FL
Firm
PFG Financial Advisors / Walnut Street Securities, Inc.

Data Provided by:
Eric Rodriguez, CFP®
(863) 937-9751
332 S Indiana Ave
Lakeland, FL
Firm
Rodriguez Wealth Management, Inc.

Data Provided by:
Mr. Russell B. Diamond, CFP®
(863) 644-1188
3504 S Florida Ave
Lakeland, FL
Firm
John Hancock Financial Network

Data Provided by:
Ms. Edith L. Yates, CFP®
(863) 688-8841
53 Lake Morton Dr
Lakeland, FL
Firm
Baylis & Company PA, CPA's
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. William H. Wakeman Iii, CFP®
(863) 688-4441
306 E Main St
Lakeland, FL
Firm
AXA Advisors, LLC

Data Provided by:
Mr. Robert A. Mazur Jr., CFP®
(863) 284-4821
210 S Florida Ave Fl 2
Lakeland, FL
Firm
SunTrust Bank
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $5,000,001 or more

Average Income: $1,000,001 or more

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Kurt F Elmhorst, CFP®
(863) 616-6055
1401 South Florida Avenue
Lakeland, FL
Firm
Allen and Company of Florida, Inc
Areas of Specialization
Comprehensive Financial Planning

Data Provided by:
Mr. Michael H. Wright, CFP®
(863) 616-6047
1401 S Florida Ave
Lakeland, FL
Firm
Allen & Company of Florida 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....

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