Wealth Management Parkersburg WV

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. David G. Underwood, CFP®
(304) 424-8826
514 Market Street
Parkersburg, WV
Firm
United Bank Inc.

Data Provided by:
Mr. Christopher T Molessa, CFP®
(304) 422-5424
2519 Ohio Avenue
Parkersburg, WV
Firm
Northwestern Mutual Financial

Data Provided by:
Mr. Stephen W. Hussey, CFP®
(304) 485-9000
3001 Murdoch Ave
Parkersburg, WV
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Education Planning, Estate Planning, Investment Management, Long-Term Care, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Neal F. Hoops, CFP®
(304) 295-1204
813 Grand Central Ave
Vienna, WV
Firm
Merrill Lynch
Areas of Specialization
Asset Allocation, Banking, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Service Professionals

Data Provided by:
Ms. Beth A. Worthington, CFP®
(740) 374-6172
138 Putnam St
Marietta, OH
Firm
Peoples Bank
Areas of Specialization
Asset Allocation, Banking, Charitable Giving, Education Planning, Estate Planning, Investment Management, Life Planning

Data Provided by:
Mr. Douglas Roberts Thorpe, CFP®
(304) 485-1260
2100 Dudley Ave
Parkersburg, WV
Firm
Bennon & Thorpe LLC
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning, Retirement Income Management, Retirement Planning

Data Provided by:
Mr. William R. Elliott, CFP®
(304) 422-5424
2519 Ohio Avenue
Parkersburg, WV
Firm
Northwestern Mutual Investment
Areas of Specialization
Retirement Planning

Data Provided by:
Ms. Sandra R. Testa, CFP®
(304) 485-6584
PO Box 149
Parkersburg, WV
Firm
Suttle & Stalnaker PLLC
Areas of Specialization
Accounting, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Elder Care, Estate Planning, General Financial Planning

Data Provided by:
Mr. Ronald L. Close, CFP®
(740) 374-6102
PO Box 738
Marietta, OH
Firm
Peoples Bank

Data Provided by:
Chase Bank
(740) 423-4111
321 Main St
Belpre, OH
Type
Freestanding
Office Hours
Mon:8:30-6:00
Tues:8:30-6:00
Wed:8:30-6:00
Thurs:8:30-6:00
Fri:8:30-6:00
Sat:8:30-2:00
Sun:closed

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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