Wealth Management Lewiston ME

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. Barry L. Kohler, CFP®
(207) 376-3648
30 Lisbon St
Lewiston, ME
Firm
Androscoggin Bank
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Elder Care, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. James R. Sargent, CFP®
22 Fairmount Ave
Auburn, ME
Firm
ING
Areas of Specialization
Employee and Employer Plan Benefits

Data Provided by:
Mr. Edward M. Snook, CFP®
(207) 754-7857
49 Weatherly Pl
Auburn, ME
Firm
Evergreen Financial Inc

Data Provided by:
Mr. Kevin P. Carbin Jr., CFP®
(800) 284-5989
186 Maine St
Brunswick, ME
Firm
Northeast Financial Services
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Investment Management, Retirement Income Management, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Ms. Carol S. Taylor, CFP®
(207) 373-5124
55 Cushing St
Brunswick, ME
Firm
CUNA Mutual Group
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. John R. O'Malley, CFP®
(207) 784-3524
467 Sabattus St
Lewiston, ME
Firm
O'Malley Associates Inc
Areas of Specialization
Accounting, Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Elder Care, Investment Planning, Long-Term Care

Data Provided by:
Melinda F. Davis, CFP®
(207) 376-3160
195 Center St
Auburn, ME
Firm
Cornerstone Wealth Planning
Areas of Specialization
Investment Management

Data Provided by:
Mr. Michael R. Trenholm, CFP®
(207) 933-7124
832 Main St
Monmouth, ME
Firm
Central Maine Financial Servic
Areas of Specialization
Asset Allocation, Budget Development, Elder Care, General Financial Planning, Investment Management, Real Estate
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Richard S Wilcox, CFP®
(207) 729-4410
14 Maine St # 23
Brunswick, ME
Firm
First Command Financial Planning
Areas of Specialization
Comprehensive Financial Planning, Government and Military, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Not Applicable

Data Provided by:
Mr. John R. Krainis, CFP®
(207) 865-6800
PO Box 251
Freeport, ME
Firm
The Financial Network

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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