Wealth Management State College PA

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.

Jeffrey McClarren
McClarren Financial Advisors
(814) 235-1940
1364 South Atherton Street
State College, PA
Expertises
Ongoing Investment Management, Middle Income Client Needs, Retirement Planning & Distribution Rules, Tax Planning, Helping Clients Identify & Achieve Goals, Socially Responsible Investments
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Mr. Randy T. Hoover, CFP®
(814) 238-0544
366 Walker Dr Ste 100
State College, PA
Firm
PFG Financial Advisors

Data Provided by:
Mr. Jason C Foytack, CFP®
(814) 278-5004
328 Innovation Blvd Ste 301
State College, PA
Firm
TIAA-CREF

Data Provided by:
Mr. Robert A Lieb, CFP®
(814) 237-5052
2214 N Atherton St Ste 6A
State College, PA
Firm
Prudential
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Estate Planning, Insurance Planning
Key Considerations
Average Net Worth: $100,000 or less

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Donald E. Leitzell, CFP®
(814) 234-2500
1524 W. College Ave.
State College, PA
Firm
Diversified Asset Planners

Data Provided by:
Mr. Benjamin P. Amato, CFP®
(814) 237-4948
100 Oakwood Ave Ste 400
State College, PA
Firm
Professional Planning Consult

Data Provided by:
Mr. Bret J. Buterbaugh, CFP®
(814) 466-6295
3949 S Atherton St
State College, PA
Firm
UFinancial Group

Data Provided by:
Janet G. Palmatier, CFP®
(814) 808-4750
1315 S Allen St Ste 306
State College, PA
Firm
Ameriprise Financial
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Insurance Planning, Investment Management, Long-Term Care, Retirement Planning

Data Provided by:
Mr. Eric W. Loop, CFP®
(814) 861-1734
720 South Atherton Street
State College, PA
Firm
Morgan Stanley Wealth Management
Areas of Specialization
Asset Allocation, General Financial Planning, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided by:
Mr. David M. Becker, CFP®
(814) 466-6295
3949 S Atherton St
State College, PA
Firm
Wienken & Associates

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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