Wealth Management Vero Beach FL

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.

Mr. Paul Allen Williamson, CFP®
(772) 492-8894
1515 Indian River Blvd.
Vero Beach, FL
Firm
Paul Williamson and Company, Inc.
Areas of Specialization
Investment Management, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Dixie L. Powell, CFP®
(772) 778-8006
635 17th St
Vero Beach, FL
Firm
Dixie L. Powell & Company, CPA, PA

Data Provided by:
Mr. Christopher R. Steele, CFP®
(772) 778-0552
2770 Indian River Blvd., Ste 204
Vero Beach, FL
Firm
Professional Advisory Services
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Richard A. Yemm, CFP®
(772) 562-1281
1940 10th Ave Ste C
Vero Beach, FL
Firm
First Asset Managers, Inc.
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Small Business Planning

Data Provided by:
Mr. Mort J. Davis, CFP®
(772) 778-0433
415 46th Ct
Vero Beach, FL
Firm
Mort J. Davis
Areas of Specialization
Accounting, Comprehensive Financial Planning, Tax Planning, Tax Preparation
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Scott W. Stradley, CFP®
(772) 562-5435
1797 14th Ave
Vero Beach, FL
Firm
Scott W. Stradley CPA, P.A.
Areas of Specialization
Accounting, Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Disaster Recovery, Estate Planning

Data Provided by:
Mr. David E. Johnson, CFP®
(772) 492-1127
240 Sea Gull Ave
Vero Beach, FL
Firm
Northern Trust Corporation
Areas of Specialization
Asset Allocation, General Financial Planning, Investment Management, Investment Planning, Retirement Planning, Wealth Management

Data Provided by:
Mr. Jeffrey M. Schlitt, CFP®
(772) 567-1188
1717 Indian River Blvd
Vero Beach, FL
Firm
Schlitt Services
Areas of Specialization
Investment Planning

Data Provided by:
Ms. Rosemarie L. Spytek, CFP®
(772) 567-6060
623 17TH ST
Vero Beach, FL
Firm
Raymond James Financial Servic

Data Provided by:
Mr. Michael Paul Massey, CFP®
(772) 231-7000
582 Beachland Blvd Ste 200
Vero Beach, FL
Firm
Raymond James
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

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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