Wealth Management Traverse City MI

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.

Mark Folgmann
Ark Advisors LLC
(231) 668-4118
1010 S. Garfield Ave Suite 409
Traverse City, MI
Expertises
Planning Issues for Business Owners, Retirement Planning & Distribution Rules, Tax Planning, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, AIF, ChFc, CLU

Kevin Russell
Financial & Investment Management Group
(231) 929-4500
111 Cass Street
Traverse City, MI
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, AAMS, CFP®, CPA, CRPC

Elizabeth Baer
Elizabeth Rutter Baer, CFP INC
(517) 321-4832
7568 Ole White Drive
Lake Ann, MI
Expertises
Hourly Financial Planning Services, Investment Advice without Ongoing Management, Ongoing Investment Management, Retirement Plan Investment Advice, Helping Clients Identify & Achieve Goals, Planning Issues for Unmarried & Same-Sex Couples
Certifications
NAPFA Registered Financial Advisor, BA, CFP®

Mr. Tracy Ross, CFP®
(231) 938-4405
3382 Greenwood Dr
Traverse City, MI
Firm
Tracy Ross CPA, P.C.

Data Provided by:
Mr. John A. Ehardt, CFP®
(231) 922-8993
1925 Coral Ln
Traverse City, MI
Firm
Advance Financial Group, Inc.

Data Provided by:
Jay Berger
Independent Wealth Management
(231) 929-1086
236 1/2 E. Front Street
Traverse City, MI
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Planning Issues for Business Owners, Helping Clients Identify & Achieve Goals, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

Erik Falconer
Falconer Group
(231) 946-5320
PO Box 4318
Traverse City, MI
Expertises
Ongoing Investment Management, High Net Worth Client Needs, Charitable Giving - Trusts & Foundations, Alternative or Private Investments, Socially Responsible Investments, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®

Mr. J. Robert Aukerman, CFP®
(231) 421-3292
4155 Huntington Dr
Traverse City, MI
Firm
James Robert Financial Services
Areas of Specialization
Accounting, Asset Allocation, Banking, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. William J Stone, CFP®
(231) 932-5647
600 E. Front Street
Traverse City, MI
Firm
Plante Moran Financial Advisor

Data Provided by:
Dennis J. Prout, CFP®
(231) 947-3992
1040 E Front St
Traverse City, MI
Firm
Prout Financial Design
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Elder Care, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: Not Applicable



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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