Wealth Management Memphis TN

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.

Dianne Berry
Berry Financial Services, Inc.
(901) 757-4447
1917 Hazelton Drive
Germantown, TN
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Financial Issues Between Generations, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, MBA

Mr. Richard A. Jones, CFP®
(901) 681-9920
618 Oakleaf Office Ln Ste 300
Memphis, TN
Firm
Capital Financial Group
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Medical/Dental Professionals

Data Provided by:
Mr. J. Amery Staub, CFP®
(901) 729-8118
5100 Wheelis Drive
Memphis, TN
Firm
Summit Asset Management
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000



Data Provided by:
Mr. Perry J. Green, CFP®
(901) 767-9187
5188 Wheelis Dr
Memphis, TN
Firm
Waddell and Associates

Data Provided by:
Mr. Jason Lee Peeples, CFP®
(901) 322-0292
618 Oakleaf Office Lane
Memphis, TN
Firm
Capital Financial Group, LLC
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Scott W Foster, CFP®
(901) 327-0057
748 Charles Pl
Memphis, TN
Firm
Foster Accountancy Inc

Data Provided by:
Ms. Phyllis R. Scruggs, CFP®
(901) 767-9187
5188 Wheelis Dr
Memphis, TN
Firm
Waddell & Associates Inc

Data Provided by:
Mr. Lance W. Hollingsworth, CFP®
(901) 729-8112
5100 Wheelis Drive
Memphis, TN
Firm
Summit Asset Management LLC

Data Provided by:
Ms. Carol Lee Royer, CFP®
(901) 767-9187
5188 Wheelis Dr
Memphis, TN
Firm
Waddell & Associates Inc

Data Provided by:
Ms. Holley G. Cary, CFP®
(901) 681-2471
4385 Poplar Ave
Memphis, TN
Firm
First Tennessee

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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