Wealth Management Springfield IL

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.

James Blankenship
Blankenship Financial Planning, Ltd.
(217) 391-6650
116 West Illinois Street
New Berlin, IL
Expertises
Newlyweds & Novice Investors, Planning Issues for Business Owners, College/Education Planning, Middle Income Client Needs, Advising Employee Benefit Plan Participants, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, EA

Mr. Craig R. Schermerhorn, CFP®
(217) 726-5862
3400 Hedley Rd
Springfield, IL
Firm
Benjamin F. Edwards & Co

Data Provided by:
Mr. Paul Schafer, CFP®
(217) 525-1111
600 E Adams St
Springfield, IL
Firm
Eck, Schafer & Punke, LLP
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning

Data Provided by:
Ms. Juanita Y. Morris, CFP®
(217) 585-6970
3324 Sherman St
Springfield, IL

Data Provided by:
Mr. Douglas L. Skinner, CFP®
(217) 753-4020
3000 Professional Drive
Springfield, IL
Firm
Skinner, Copper & Ehmen Wealth Management LLC
Areas of Specialization
Banking, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Management, Long-Term Care
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Bruce E. Thompson, CFP®
(217) 523-3355
PO Box 159
Springfield, IL
Firm
McGladrey, LLP

Data Provided by:
Mr. Randy L. Taylor, CFP®
(217) 747-0100
600 E Adams St
Springfield, IL
Firm
ESP Wealth Management, LLC
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning

Data Provided by:
Mr. Michael K. Armour, CFP®
(217) 528-4846
1307 S 7th St
Springfield, IL
Firm
Bird Armour LLC
Areas of Specialization
Accounting, Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Investment Management
Key Considerations
Profession: Not Applicable

Data Provided by:
Ms. Sheila E. Mack, CFP®
(217) 789-0000
1210 S 5th St
Springfield, IL
Firm
Royal Alliance Associates
Areas of Specialization
Asset Allocation

Data Provided by:
Mr. Daniel A Griminger, CFP®
(217) 726-0875
3131 Robbins Rd
Springfield, IL
Firm
Stifel Nicolaus
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
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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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