Wealth Management Mankato MN

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.

Alan W. Bennett, CFP®
(507) 995-0004
1921 Premier Dr
Mankato, MN
Firm
Lookout Ridge Consulting
Areas of Specialization
Business Succession Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Brian R. Corbett, CFP®
(507) 387-9271
206 E Hickory St Fl 2
Mankato, MN
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Divorce Issues, Education Planning, Insurance Planning

Data Provided by:
Mr. William R. Simonette, CFP®
(507) 345-8354
201 N Broad St Ste 310
Mankato, MN
Firm
Diversified Financial Services
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. James R. Lewis, CFP®
(507) 625-9050
1930 Premier Drive
Mankato, MN
Firm
Ameriprise Financial

Data Provided by:
Brady Schmidt, CFP®
(507) 625-6545
3 Civic Center Plz Ste 200
Mankato, MN
Firm
Coulter, Schmidt & Klein Private Wealth Advisors
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Investment Management, Retirement Planning, Wealth Management, Young Professionals
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Kyle D. Olson, CFP®
(507) 625-9050
1930 Premier Drive
Mankato, MN
Firm
Ameriprise Financial

Data Provided by:
Mr. Lawrence M. Maruska, CFP®
(507) 625-3127
112 S Riverfront Dr
Mankato, MN
Firm
Stifel Nicolaus
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Craig A. Sinning, CFP®
(507) 387-5638
209 2nd Street South, Suite 300
Mankato, MN
Firm
Minnesota Financial Services
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Dr. Kwang Woo Park, CFP®
(213) 820-6777
Morris Hall 150
Mankato, MN
Firm
Minnesota State University

Data Provided by:
Mr. Anthony Daniel James, CFP®
(507) 625-9050
1930 Premier Dr
Mankato, MN
Firm
Ameriprise Financial
Areas of Specialization
Asset Allocation, Education Planning, Insurance Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



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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