Wealth Management Riverside CA

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.

David Barnett
Barnett Financial Planning
(714) 420-7225
11801 Pierce St., 2nd Floor
Riverside, CA
Expertises
Middle Income Client Needs, Retirement Plan Investment Advice, Ongoing Investment Management, Advising Medical Professionals, Real Estate Investments, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Karl L. Hicks, CFP®
(951) 781-7320
6820 Indiana Avenue
Riverside, CA
Firm
The Leonard Financial Group, LLC
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Debt Management, General Financial Planning, Investment Management, Investment Planning, Life Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Nick Agostino Milazzo, CFP®
(951) 781-0573
3610 Central Ave Ste 102
Riverside, CA
Firm
Waddell & Reed Financial Advisors
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Employee and Employer Plan Benefits, General Financial Planning, Investment Management, Investment Planning, Life Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Business Executives

Data Provided by:
Mr. James R. Valmonte, CFP®
(951) 328-0894
5995 Brockton Ave Ste B
Riverside, CA
Firm
Independent Financial Advisors, LLC
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Mr. Charles G. Jimison, CFP®
(888) 908-3543
6185 Magnolia Ave Ste 319
Riverside, CA
Areas of Specialization
Elder Care, Employee and Employer Plan Benefits, Healthcare Planning, Insurance Planning, Long-Term Care, Retirement Planning, Small Business Planning

Data Provided by:
Mr. Mike B. Mccoy, CFP®
(951) 784-7884
4857 Arlington Ave
Riverside, CA
Firm
Ameriprise Financial
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:
Mr. Don P. Stalker, CFP®
(951) 367-1477
3400 Central Avenue
Riverside, CA
Firm
Bayside Financial Group LLC
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Ms. Teresa Parker, CFP®
(951) 780-9338
5995 Brockton Ave., Ste B
Riverside, CA
Firm
Independent Financial Advisors
Areas of Specialization
Budget Development, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Ms. Linda Olson Corcoran, CFP®
(951) 684-0834
5790 Magnolia Ave
Riverside, CA
Firm
ING Financial Advisers. LLC

Data Provided by:
Ms. Patricia Wallace, CFP®
(951) 320-2260
3564 Central Ave
Riverside, CA
Firm
Ameriprise Financial Services,

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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