Wealth Management Poughkeepsie NY

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.

Kara Gadonniex, CFP®
(845) 431-2238
2649 South Rd
Poughkeepsie, NY
Firm
Merrill Lynch
Areas of Specialization
Women's Finances

Data Provided by:
Ms. Robin Vaccai-Yess, CFP®
(845) 471-0764
181 Church St Ste 101
Poughkeepsie, NY
Areas of Specialization
Divorce Issues, Estate Planning, General Financial Planning, Investment Planning, Life Transitions, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. Ronald Schneider, CFP®
(845) 451-7786
2649 South Rd
Poughkeepsie, NY
Firm
Wells Fargo Advisors
Areas of Specialization
Charitable Giving, Estate Planning, General Financial Planning, Investment Management, Retirement Income Management, Securities
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mr. David William Frederick, CFP®
(845) 454-9000
3344 Route 9 North
Poughkeepsie, NY
Firm
Prime Retirement Asset Management, Inc.

Data Provided by:
Mrs. Mellany Bagtas, CFP®
(845) 431-2267
2649 South Road
Poughkeepsie, NY
Firm
Merrill Lynch Group, Inc.
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning, Investment Management, Retirement Income Management, Retirement Planning, Wealth Management, Women's Finances

Data Provided by:
Mr. Charles M. Simon, CFP®
(845) 486-5039
42 Catharine Street
Poughkeepsie, NY
Firm
Taconic Advisors Inc
Areas of Specialization
Life Transitions
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable



Data Provided by:
John J Gadonniex, CFP®
(845) 431-2205
2649 South Rd
Poughkeepsie, NY
Firm
Merrill Lynch
Areas of Specialization
Investment Management, Life Transitions, Retirement Income Management, Risk Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mr. James P. Agrawal, CFP®
(845) 463-1047
22 IBM Rd
Poughkeepsie, NY
Firm
J Agrawal Financial Group
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Elder Care, General Financial Planning, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Gregory F. Zimmer, CFP®
(914) 262-5502
85 Civic Center Plz Ste 202
Poughkeepsie, NY
Firm
AXA-Advisors, LLC

Data Provided by:
Mr. John T. Mcfadden, CFP®
(845) 463-1045
22 IBM Rd
Poughkeepsie, NY
Firm
McFadden & Associates

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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