Wealth Management Spokane WA

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.

John McCarthy
John T. McCarthy, LLC
(509) 370-2975
1124 West Riverside Drive, Suite 305
Spokane, WA
Expertises
Cash Flow/Budgets/Credit Issues, Middle Income Client Needs, Advising Medical Professionals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, MBA

Eric Coltrain, CFP®
(509) 536-6185
301 N Havana St
Spokane, WA
Firm
CUNA Brokerage Services, Inc.
Areas of Specialization
Asset Allocation, Banking, Comprehensive Financial Planning, Debt Management, Divorce Issues, Education Planning, Estate Planning

Data Provided by:
Mr. Joel C. White, CFP®
(509) 755-0123
104 S Freya St Ste 320
Spokane, WA
Firm
Joel C White Co.

Data Provided by:
Mr. David D. Green, CFP®
(509) 850-3740
528 E Spokane Falls Blvd Ste 501
Spokane, WA
Firm
David Green CPA PLLC
Areas of Specialization
Charitable Giving, Estate Planning, LGBT Individuals and Couples, Real Estate, Retirement Planning, Tax Planning, Tax Preparation
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Medical/Dental Professionals

Data Provided by:
Janis A Gerards, CFP®
(509) 324-4266
104 S. Freya
Spokane, WA
Firm
Ameriprise Financial Services, Inc.
Areas of Specialization
Comprehensive Financial Planning, Intergenerational Planning, Investment Management, Retirement Income Management, Socially Responsible Investments, Tax Planning

Data Provided by:
Mr. Bruce D. Ellwein, CFP®
(509) 590-0676
4407 N Division St Ste 920
Spokane, WA
Firm
First Command
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Government Employees

Data Provided by:
Mr. David T. Demars, CFP®
(509) 536-9556
104 S Freya St Ste 218
Spokane, WA
Firm
Demars Financial Group
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Investment Management, Long-Term Care
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Peter N. Bock, CFP®
(509) 326-0776
104 S Freya St Ste 218
Spokane, WA
Firm
Crown Capital
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Divorce Issues, Insurance Planning, Investment Management, Retirement Income Management, Risk Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Robert W. Scott, CFP®
(509) 232-0076
140 S Arthur St Ste 420
Spokane, WA
Firm
Ameriprise Financial Services,

Data Provided by:
Mr. Thomas M. Griffiths, CFP®
(509) 326-4054
906 West Sprague
Spokane, WA
Firm
Griffiths, Dreher & Evans, PS,

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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