Wealth Management Rochester 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.

Steven Schwartz
Wealth Design Services Inc.
(585) 442-3230
940 Westfall Road
Rochester, NY
Expertises
Tax Planning, Advising Medical Professionals, Women's Financial Planning Issues, Charitable Giving - Trusts & Foundations, Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CPA/PFS, JD

Jeffrey Feldman
Rochester Financial Services
(585) 442-7580
7 Hastings Circle
Pittsford, NY
Expertises
Ongoing Investment Management, Tax Planning, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, College/Education Planning, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, PhD

Kay Conheady
Apropos Financial Planning
(585) 533-1950
8 Birchstone Hill
Rush, NY
Expertises
Retirement Planning & Distribution Rules, College/Education Planning, Middle Income Client Needs, Planning Issues for Unmarried & Same-Sex Couples, Cash Flow/Budgets/Credit Issues, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, BA, BS, CFP®

Tim Hamilton, CFP®
(585) 325-4140
120 East Ave
Rochester, NY
Firm
Howe and Rusling, Inc.
Areas of Specialization
Investment Management, Investment Planning, Retirement Income Management, Retirement Planning, Securities, Sudden Wealth Management, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Service Professionals

Data Provided by:
Mark B. Jones, CFP®
(585) 943-8694
85 Allen Street, Suite 300
Rochester, NY
Firm
North Landing Financial
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Planning, Retirement Income Management, Retirement Planning

Data Provided by:
Timothy Hayes
Landmark Financial Advisory Services, LLC
(585) 381-2390
11 State Street
Pittsford, NY
Expertises
College/Education Planning, Investment Advice without Ongoing Management, Retirement Planning & Distribution Rules, Middle Income Client Needs, Hourly Financial Planning Services, Insurance Related Issues, including Annuities
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Curt Fey
Fey Asset Management LTD
(585) 244-0152
25 Esternay Lane
Pittsford, NY
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Advising Medical Professionals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MBA, PhD

Mr. Larry H. Rabinowitz, CFP®
(585) 546-9480
1 East Ave
Rochester, NY
Firm
US Trust, Bank of America Private Wealth Management

Data Provided by:
Mr. Christopher L Sassone, CFP®
(585) 454-4161
Davie Kaplan CPAs
Rochester, NY
Firm
DKCB Wealth Care Advisors, LLC

Data Provided by:
Ms. Susan J. Nieznanski, CFP®
(585) 258-8462
255 East Ave
Rochester, NY
Firm
M&T Investment Group
Areas of Specialization
Asset Allocation, General Financial Planning, Insurance Planning, Investment Planning, Retirement 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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