Wealth Management Mcallen TX

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.

Ruth Evans
Evans Financial Planning Inc.
(956) 519-8524
620 East Sandyhills Ave.
McAllen, TX
Expertises
Estate & Generational Planning Issues, Ongoing Investment Management, Advising Medical Professionals, High Net Worth Client Needs, Hourly Financial Planning Services, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. James S. Garcia, CFP®
(956) 682-4744
1712 Hibiscus
McAllen, TX
Firm
James Garcia Financial
Areas of Specialization
Asset Allocation, General Financial Planning, Insurance Planning, Investment Management, Retirement Income Management, Risk Management, Wealth Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided by:
Ms. Ruth Ann Evans, CFP®
(956) 519-8524
620 East Sandyhills Ave.
McAllen, TX
Firm
Evans Financial Planning, Inc.
Areas of Specialization
General Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Medical/Dental Professionals

Data Provided by:
Mr. William F. Martin, CFP®
(956) 683-9158
7000 N 10th St # C2
McAllen, TX
Firm
Morgan Stanley Wealth Management

Data Provided by:
Mr. Walter James Reyna, CFP®
(956) 682-4196
5315 N. McColl
McAllen, TX
Firm
Walter J Reyna Inc
Areas of Specialization
Securities
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. Arthur J. Hughes, CFP®
(956) 687-7902
701 E Esperanza Ave
McAllen, TX
Firm
Ameriprise Financial
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. David D. Barnes, CFP®
(956) 687-7902
701 E Esperanza Ave
McAllen, TX
Firm
Ameriprise Financial Services
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Ms. Katrina F. Dennis, CFP®
(956) 668-0701
5407 N McColl Rd
McAllen, TX
Firm
Ameriprise Financial Advisors,
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Elder Care, Estate Planning, Investment Management, Long-Term Care, Women's Finances
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mr. Patrick John Lyons, CFP®
(806) 786-6932
2109 Jefferson Ave
McAllen, TX
Firm
Peak Valuation & Financial Planning, LLC
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Albert L. Lopez, CFP®
(956) 683-1818
4812 S Jackson Rd
Edinburg, TX
Firm
Independent Wealth Consultants
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning

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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