Wealth Management Peoria IL

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.

Gregory Johnston
Johnston Investment Counsel
(309) 674-3330
331 Fulton
Peoria, IL
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Planning Issues for Business Owners, Planning Concerns for Corporate Executives, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, AIF, CFA, CFP®, MBA

Mr. Scot Kunkel, CFP®
301 SW Adams St
Peoria, IL
Firm
PNC Wealth Management

Data Provided by:
Mr. Jeffrey J. Huizenga, CFP®
(309) 495-8848
301 SW Adams Street
Peoria, IL
Firm
Clifton Larson Allen Wealth Advisors

Data Provided by:
Mr. Alan L. Lee, CFP®
(309) 673-7526
114 State St Ste 2E
Peoria, IL
Firm
Strategic Wealth Management, LLC

Data Provided by:
Mr. Adam B. Hawks, CFP®
(309) 637-4647
411 Hamilton Blvd Ste 2003
Peoria, IL
Firm
Raymond James & Associates, Inc.

Data Provided by:
Kimberly S Mitchell, CFP®
(309) 671-0822
230 S. W. Adams St., Suite 400
Peoria, IL
Firm
Merrill Lynch
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $5,000,001 or more

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

Profession: Business Executives

Data Provided by:
Ms. Brigitte G. Franzen, CFP®
(217) 871-0708
601 SW Water St
Peoria, IL
Firm
Water Street Solutions
Areas of Specialization
Business Succession Planning, Estate Planning, Insurance Planning, Intergenerational Planning, Life Transitions, Long-Term Care, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $500,001 - $1,000,000

Profession: Self-Employed Business Owners

Data Provided by:
Carolyn K. Weaver, CFP®
(309) 671-2825
401 Main Street, Suite 1000
Peoria, IL
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Insurance Planning, Intergenerational Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Mr. Craig J. Ruffolo, CFP®
(309) 676-6600
411 Hamilton Blvd
Peoria, IL
Firm
The Hanson Financial Group, Inc.
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Investment Planning, Retirement Planning, Wealth Management

Data Provided by:
Mr. Eric S Schlipf, CFP®
(309) 671-2893
401 Main St Ste 1000
Peoria, IL
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate 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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