Wealth Management Reading PA

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.

Ms. Pamela F. Groft, CFP®
(610) 478-7475
621 Franklin St
West Reading, PA
Firm
Groft Financial Services
Areas of Specialization
General Financial Planning, Retirement Planning, Women's Finances

Data Provided by:
Mr. Randall S. Cole, CFP®
(856) 296-0343
3013A Kutztown Rd
Reading, PA
Firm
American Portfolios

Data Provided by:
Ms. Chiara Renninger, CFP®
(610) 376-8271
2763 Century Blvd.
Wyomissing, PA
Firm
Herbein Wealth Management

Data Provided by:
Ms. Nancy W. Magee, CFP®
(610) 376-6334
1122 Penn Ave.
Wyomissing, PA
Firm
Financial Planning Advisors
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning, Elder Care, Estate Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Ms. Laurie M. Peer, CFP®
(610) 898-8117
1330 Broadcasting Rd
Wyomissing, PA
Firm
Reinsel Kuntz Lesher
Areas of Specialization
Asset Allocation, Budget Development, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues, Education Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Ms. Merra Lee Moffitt, CFP®
(610) 488-7353
711 Spring St
Wyomissing, PA
Firm
Lpl Financial Corporation
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Paul L. Marrella, CFP®
(610) 655-9700
1250 Broadcasting Rd Ste 102
Wyomissing, PA
Firm
Raymond James Financial Services, Inc.
Areas of Specialization
Retirement Income Management, Retirement Planning, Wealth Management, Women's Finances
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Robert J. Stoudt Ii, CFP®
(484) 671-2097
4641 Pottsville Pike
Reading, PA
Firm
Raymond James

Data Provided by:
Mrs. Sharon A. Kemmerer, CFP®
(610) 371-7303
2201 Ridgewood Rd, #180
Wyomissing, PA
Firm
Nationan Penn Investors Co

Data Provided by:
Mr. Richard A. Kaufman, CFP®
(610) 775-1490
1609 Lancaster Ave
Reading, PA
Firm
Kaufman Financial Services
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Business Executives

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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