Wealth Management Richmond VA

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.

Marshall H. Groom, Jr.
Groom Financial Advisory
(804) 716-2100
2523 Park Avenue, Suite 2
Richmond, VA
Expertises
Ongoing Investment Management, Hourly Financial Planning Services, Retirement Planning & Distribution Rules, High Net Worth Client Needs, Estate & Generational Planning Issues, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, CFP®, JD

David Kozlowski
Kuehl Shepherd Kozlowski & Associates, Inc.
(804) 592-3465
9030 Story Point Parkway, Suite 160
Richmond, VA
Expertises
Ongoing Investment Management, Tax Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, MS

James Shepherd
Kuehl Shepherd Kozlowski & Associates, Inc.
(804) 592-3465
9030 Story Point Parkway, Suite 160
Richmond, VA
Expertises
Tax Planning, Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CPA/PFS, MS

William Lagos
Kuehl Shepherd Kozlowski & Associates, Inc.
(804) 592-3465
9030 Story Point Parkway, Suite 160
Richmond, VA
Expertises
Retirement Planning & Distribution Rules, Tax Planning, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc

David O'Brien
O'Brien Financial Planning, Inc.
(804) 419-6002
14241 Midlothian Turnpike, Suite 117
Midlothian, VA
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Planning Issues for Business Owners, Retirement Plan Investment Advice, Estate & Generational Planning Issues, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, MBA

Michael Joyce
JoycePayne Partners
(804) 358-2702
9030 Stony Point Parkway, Suite 100
Richmond, VA
Expertises
Planning Concerns for Corporate Executives, Ongoing Investment Management, Alternative or Private Investments, Tax Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MBA

Edward Hoppe
Kuehl Shepherd Kozlowski & Associates, Inc.
(804) 592-3465
9030 Story Point Parkway, Suite 160
Richmond, VA
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CPA/PFS, MS

Wendell Fuller
Fuller Wealth Advisors, Inc.
(804) 400-0371
2711 Buford Road, Suite 212
Richmond, VA
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, High Net Worth Client Needs, Planning Concerns for Corporate Executives, Estate & Generational Planning Issues, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

John Bowen
Bowen Fuller Wealth Advisors
(804) 897-2850
2840 Polo Parkway, Suite 100
Midlothian, VA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning, Estate & Generational Planning Issues, Advising Medical Professionals, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CPA

John Clair
Leahy & Clair Financial Management
(804) 794-1981
15521 Midlothian Turnpike, Suite 102
Midlothian, VA
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Ongoing Investment Management, Retirement Plan Investment Advice, High Net Worth Client Needs, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®

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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